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To: NOW who wrote (52976)	1/2/2001 5:40:54 PM
From: sandeep	Read Replies (1) \| Respond to of 436258

Foreigners lend us money because they feel that it will grow here faster and safer. The only way that will happen is if the economy grows at a good rate for a sustainable period of time. I think that 4% growth is not something we can't target, even if it hasn't been done before. I am pretty sure that productivity is now on the decline because the engine of growth of productivity - gains in the stock options - has been killed by Greenspan. Many of the people burning with passion for the cutting-edge field have now been burned and are leaving to take up jobs in old economy, staid companies. That is NOT GOOD for the productivity. Once productivity starts slipping, economy will shrink even faster leading to flight of foreign money. The rates need to be cut NOW! Taxation will not take effect for another 4-5 months. That is not an immediate answer.