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To: Dan3 who wrote (123581)	12/21/2000 6:58:50 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

RE:"It's because Bush is running around saying he's going to take a huge whack out of tax revenues. He indicats that it will happen after about a 15 second review of how much to whack and what the implications of his actions will be. That has tied Greenspan's hands - he can't cut rates in the face of a threatened slash in federal revenue of large but unknown size (which will put us back into Reagan style deficits and destroys the value of the dollar). So we are all screwed." You are giving the FED more credit than they deserve. If you think they are on hold because Bush may enact a tax cut your looking out way to far. After tax revenues drop off the earth next year I doubt a tax cut will fly easily. What we do need is to clean up some deficit spending. All this collapse is coming under Clintons watch. Until Jan 20th. Jim