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Politics : Right Wing Extremist Thread -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (305)	1/3/2001 7:49:11 PM
From: DMaA	Read Replies (1) \| Respond to of 59480

Another view is it's the other way around: WSJ: Richard Yamarone, an economist with Argus Research Corp. in New York, said Wednesday's action by Federal Reserve Chairman Alan Greenspan and other policy makers not only reflected concern about the weakening economy but was intended to send a message to President-elect George W. Bush. (See more analysts' reaction.) "Greenspan and Co. are protecting their turf and are sending a signal to Bush, 'We're the sheriff in town as long as we have the monetary reins over the economy we're going to dictate what happens,'" Mr. Yamarone said. Wednesday's Fed move came as Mr. Bush held an economic summit with business leaders. The president-elect has been pushing Congress for a massive [ed. more like anemic] tax cut "as an insurance policy" against economic weakening. Mr. Bush has made a $1.3 trillion reduction in taxes over 10 years the centerpiece of his economic program. Mr. Greenspan in the past has stated a preference for putting budget surpluses toward debt reductions. interactive2.wsj.com