Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: terryswift who wrote (1029)	12/31/2000 4:35:05 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 93284

As I think about this more, I am coming increasingly to agree with you. It will take a while- -6 months, a year, a year and a half- -to get a tax bill through Congress. The economy is sliding NOW. It is difficult and takes time to change tax law; it is easy and expeditious to lower rates. AG can always lower rates now and raise them again after a tax cut if he thinks that is necessary. They know the economy is headed for a hard landing, at best Yeah. I never did believe the "soft landing" rhetoric. I know of know instance in which the Fed has pulled that off. They appear to be much smarter now, but Fed actions following the '29 market crash probably turned what would have been just a market crash and a recession into the Great Depression. The Clinton/Gore campaign succesfully painted his father with an imaginary recession in 1992 As I remember it, it wasn't an imaginary recession. As Father Bush said, though, the economy had turned around and was heading up well before the election. Most people hadn't seen that by the election, unfortunately. So we got stuck with Slick. The Fed chairman's independence is a figment of the public's imagination, as are a lot of other stock market 'truisms'. AG serves at the pleasure of the President, as do the other members of the FOMC. Are you sure of this? Sources? I thought it was a six-year term, period, and he could not be fired during it. <i.Also, this is AG's last term, and he doesn't want to go out with a recession and stock market crash as his final legacy... Yes. He has the reputation of a miracle worker. I'm sure he'd rather leave office with that reputation intact. If he wished to, he could get on the board of any bank in the world. Where's that "Buy" button? :-)