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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (131517)	2/4/2001 10:00:19 PM
From: Scumbria	Read Replies (2) \| Respond to of 1571928

Ted, It is pretty obvious that Bush is trying to set himself up as an economic saviour with his tax cuts. The first act is to whip everyone up into a recession frenzy. The second act will be pushing tax cuts quickly through the Congress (before the interest rate cuts have had time to work.) The third act will be taking credit for the miraculous turnaround from the deep depression we are now facing. What a slimeball. Scumbria

To: tejek who wrote (131517)	2/5/2001 2:00:19 AM
From: hmaly	Read Replies (1) \| Respond to of 1571928

Ted Re..Why do you think he dropped rates 1 basis point in one month...a new record for the feds? Again the economy is not falling apart like so many of the Republican economists would have us believe. << How are you possibly coming up with the conclusion that the economy isn't falling apart based on the 1 pt. rate cut? I would suggest to you that the 1 pt rate cut does infer that AG believes there is a real possibility of a recession coming; and AG is dropping rates in a mad dash to cut it off. Also, AG said at the last meeting that the feds bias will be toward more cuts, implying that the downturn may be worse that everyone thinks. As for AG, when he wants to make a point, he makes its and he makes it strongly. When he wants to equivocate, he does. I think on the tax cut issue, one would have to say that AG, at best, is equivocating.<< Maybe AG was equivocating when made the statement you are talking about. But a wk. ago thursday, in his speech before congress, AG didn't equivocate at all. He said that reducing the debt too fast would cause a recession, and that a mild tax cut should come sooner rather than later.