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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (36009)	12/20/2000 10:04:13 PM
From: PMG	Respond to of 50167

<<<<the current bankers monopoly of interest rates is artificial scalping of your goods and services...taxation...pentence? what arm of the government are you paying (supporting) for this freedom of independence? >>>> there is no such monopoly

To: Jeff Jordan who wrote (36009)	12/21/2000 2:32:00 PM
From: James Strauss	Respond to of 50167

the current bankers monopoly of interest rates is artificial scalping of your goods and services...taxation...pentence? what arm of the government are you paying (supporting) for this freedom of independence? Jeff: The first priority should be to pay down the debt... True inflation is in the 2.00 to 2.5% range... Allowing for a normal 3.0% interest rate spread we should be at 5.00 to 5.50% interest rates maximum... The next cycle of rate cuts could do it if it wasn't clouded by Bush locking horns with the FED by insisting that he's going to keep on talking and talking until he gets his 1.6 Trillion dollar tax cut... In reality, Bush will have to settle for less... In the meantime, all the political wrangling could get in the way of 1/4 point or more of impending rate cuts that might be viewed as inflationary in conjunction with a big tax cut... I may be wrong, but I think it would have been better if Bush said nothing about this until he was inaugurated... This might have given us a rate cut this past Tuesday and or most assuredly in January... Now we are back to uncertainty and the old waiting game... Jim