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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: asenna1 who wrote (120992)	1/3/2001 11:43:15 PM
From: Neocon	Respond to of 769667

You over- interpret. When a plan is set, it is intended. As long as one holds the plan, one intends to carry it out. One might use either, to emphasize the settledness, or to emphasize the continued commitment........If you said "Will you go to the movies?" and I say "I intended to", it does not mean I no longer intend to, but that those were my plans already.........

To: asenna1 who wrote (120992)	1/4/2001 11:12:48 AM
From: Zoltan!	Respond to of 769667

January 4, 2001 -------------------------------------------------------------------------------- Greenspan's Action Reflects Rising Fear Of a U.S. Recession - Fed's Surprise Move Sparks Rally, Sets Off New Jitters About Economy By JACOB M. SCHLESINGER, GREG IP and NICHOLAS KULISH Staff Reporters of THE WALL STREET JOURNAL WASHINGTON -- With the fate of the economy, financial markets and his sterling reputation on the line, Alan Greenspan delivered a New Year's surprise: a large, emergency interest-rate cut that instantly brought smiles to Wall Street. But as financial markets celebrated, some took the Federal Reserve chairman's dramatic action as a potentially ominous sign: that the nation's top economy watcher may see a recession at hand. "This says to me that Alan Greenspan is considerably -- not just a little, but considerably -- more worried about the health of the economy than the consensus forecasts," said Princeton University economist Alan Blinder, who served as Mr. Greenspan's vice chairman from mid-1994 through early 1996. "And if things are deteriorating as rapidly as Greenspan must think, this will not be enough to stop the deterioration," Mr. Blinder added. 'Totally Unexpected': Merrill Lynch Chief Economist Bruce Steinberg says the Fed may have eased rates now so they can ease them again on January 31. * * * 'It Was Time to Act': Bear Stearns Chief Economist Wayne Angell says the NAPM report triggered the Fed's action. At a hastily arranged hour-long conference call with Fed colleagues from around the country Wednesday morning, the chairman engineered support for a cut of one-half percentage point in the central bank's main policy tool, its target for the federal funds rate used by banks for overnight lending, to 6% from 6.5%.... ...The Fed's tacit admission of sharp economic deterioration could also have significant political reverberations. The announcement came as George W. Bush was holding an economic summit in Austin, Texas, with some of the country's leading corporate executives, who were bending the president-elect's ear about their collapsing business prospects. The point of the two-hour session was to build support for Mr. Bush's tax cut and its implicit suggestion: that Mr. Greenspan and his colleagues had fumbled the job of steering the economy with monetary policy, and now required some fiscal-policy help. "I think the [rate] cut was needed," Mr. Bush himself told reporters. "It was a strong statement that measures must be taken to make sure that our economy does not go into a tailspin." But he quickly added that the Fed's move "is not enough to serve as a stimulus to encourage capital formation, economic growth, job creation."... interactive.wsj.com