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

To: jlallen who wrote (379)	1/4/2001 9:12:35 AM
From: Ilaine	Read Replies (1) \| Respond to of 59480

I hate to play economic pundit because I ain't one. I don't see how a .50 rate cut is going to fix the economy. Yesterday Ford, Chrysler, and Volvo were all reporting a big decline in new car sales in December. I think new housing sales were also down. Unemployment figures come out Friday, I think. We're sliding into a recession fast, except that I believe the BLS was massaging the numbers to make the economy look better so Gore would be elected, and once the election was over and the writing was on the wall that Bush won, there was no more reason to lie so the truth is finally coming out. The question then becomes, does Congress believe that a tax cut will stimulate the economy? Because otherwise it just cuts revenue, and the alleged surplus won't be there, not that it really is.