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To: Zeev Hed who wrote (2673)	12/27/2000 8:14:18 AM
From: WILLIAM C KLEMA	Respond to of 3536

"Bush/Cheney talk about a recession surely could help that Michigan index down quite rapidly. I think that they have already sealed their fate to be a "single term" team."

To: Zeev Hed who wrote (2673)	12/27/2000 8:15:33 AM
From: WILLIAM C KLEMA	Respond to of 3536

"Bush/Cheney talk about a recession surely could help that Michigan index down quite rapidly. I think that they have already sealed their fate to be a "single term" team." I disagree with your statement. They are only pointing out that things are not as "Good" as the Clinton administration would like everyone to believe. Obviously they are positioning for their tax cut. (Btw, American's are currently paying 20.4% of their taxable income to the federal Government .... the highest % since WWII - Investor's Business Daily, 12/26/00). Which, in itself is enough to justify a tax cut imo. I would be willing to wager that the majority of the erosion in consumer confidence is simply coming from people opening up their mail and seeing 20% ... 30% ... 40% ... and in some cases more than 50% drop in their investment portfolio's coupled with their ever increasing credit card debt in their monthly statements! And any further decline to consumer confidence could probably attributed to the many reports of announced corporate layoffs or any number of real life issues confronting people on a daily basis .... such as higher gas prices (Monthly Natural Gas bill's - in the mail, coming to a cold weather climate near you!) ... And the federal gas tax, which was temporarily discontinued and will be once again in force come the new year. and on and on it goes ... on issues the majority of people in America can tie their emotions to tangibly. Not what the President/Vice President elect are saying. The majority of people (we know well over 50% could care less what they say because they don't even vote!) I don't think Bush/Cheney are or will be any cause in the decline of consumer confidence. In fact, I believe they will HELP consumer confidence with their talk of a $1.3 Trillion tax cut over the next 10 years! Now, if you want to discuss the benefits/draw backs to such a plan, let's chat. Which I would greatly enjoy others comments on, thank you. ... Great Thread!