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

To: Kenneth E. Phillipps who wrote (126813)	2/13/2001 1:53:17 PM
From: FastC6	Read Replies (1) \| Respond to of 769667

We can be fiscally responsible and have a tax cut....the Libs don't want the tax cut...they want to keep the money to spend on what appears to be great causes but in reality turns out to be wasted....that is fiscal irresponsibility! . .

To: Kenneth E. Phillipps who wrote (126813)	2/13/2001 4:06:19 PM
From: KLP	Read Replies (1) \| Respond to of 769667

Greenspan Sees Major Economic Slowdown in 2001 Kenneth: He also said in his "unprepared remarks"....I was listening to part of his talk this AM...."we do not have a recession AT THIS TIME"... He mentioned that two or three times to the senators with that emphasis....See the transcripts when they come out.... Tuesday February 13 10:06 AM ET Greenspan Sees Major Economic Slowdown in 2001 Photos Reuters Photo Audio/Video Federal Reserve Chairman Alan Greenspan Testifies to Senate Banking Committee - (ABCNews.com) WASHINGTON (Reuters) - Federal Reserve (news - web sites) Chairman Alan Greenspan (news - web sites) said Tuesday the U.S. economy faces a sharp slowdown in the coming year as businesses work off unsold inventories and consumers appear less confident about the future. In testimony to the Senate Banking Committee, he left the door open for more interest rate cuts amid an outlook where ''downside risks predominate.'' Projecting a major economic slowdown in 2001, he said the transition from super-charged growth rates to a weaker economy might not be a seamless one. ``In addition to the possibility of a break in confidence, we don't know how far the adjustment of the stocks of consumer durables and business capital equipment has come,'' the Fed chief said. But he said the economy could be headed for a pickup once inventories were brought into line with sales. Greenspan said the accelerated process of business reaction to economic downshifting had forced the Fed to act more aggressively to cut interest than it has in past slowdowns. He also noted that inflation has remained low and that the Fed's two rapid-fire half-percentage point interest rate cuts in January had not put the low-inflation outlook at risk.