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To: hobo who wrote (2822)	1/3/2001 5:24:48 PM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 3536

agreed on all points. I'm philosophically a proponent of smaller government and a reduction of tax rates but not until we pay down the debt. For better or worse we allowed the government to run it up and we need to pay it down. I don't think Bush will hold off either but am hoping he will be content with eliminating the marriage penalty and reducing estate taxes and holds off on marginal rate cuts till we have paid down the debt a lot more. I also agree that this may mean the Fed has seen something we haven't seen yet. That was a theme with a lot of traders I spoke with today. The market will bear close watching... as will the dollar.

To: hobo who wrote (2822)	1/3/2001 6:12:50 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 3536

it also may mean that the job report, (or something out there), holds substantial bad news). I agree. I think the Fed already has most of the data it needs from that report and probably clinched their making this cut today. I also liked the comment about the Bush economic summit posted here. I hadn't thought about that, except to the effect that someone on the radio had commented about AG not being invited.. :0) It could be that some of these CEOs told him to hold off on pursuing the across the board tax cuts for now. We'll probably never know the actual wheelin'-dealin' that was going on between AG and GWB... if any at all. Regards, Ron