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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (43487)3/11/2001 5:06:27 PM
From: michael97123  Read Replies (1) | Respond to of 70976
 
Sam,
When I read this article my first thought was that he had no solution. Read Paul Krugmans column as well. Paul is a liberal and anti-Bush tax cut as relates to its size, highest rate and death tax. In this article he takes AG to task for being paranoid over a point of inflation to a point that he has thrown US economy into recession. His solution is quickly lowering interest rates further, NOW. He also criticizes that Japanese for not reinflating(printing money) to end their decade long recession. Some inflation is a good thing in a recession. Trick is to keep it under control. A little looser money during our bubble might have led to a soft landing. AG to heavyhanded in frighting inflation in Krugmans opinion. Mike



To: Sam Citron who wrote (43487)3/11/2001 5:48:24 PM
From: Jerome  Read Replies (1) | Respond to of 70976
 
Economic Delusion, Political Disaster

By gosh I was talking with JKG this morning and darn if didn't plagiarize my lecture to him. I was saving it for this thread. That's the last time I'll take any of his collect calls. :-)

But has anyone noticed the large number of what I would call copycat press releases concerning layoffs and non paid time off.I have noticed that companies that are in no need of cutbacks are making these kind of announcements. CSCO's announcement that will lay off 16,000 people will been copied by about 10,000 employers (on a much smaller scale). This will lead to a recession that no amount rate cutting will cure.

Jerome



To: Sam Citron who wrote (43487)3/11/2001 6:53:28 PM
From: Cary Salsberg  Read Replies (2) | Respond to of 70976
 
President Oxymoron probable never read any Galbraith and most likely never heard of him. That is OK because his support of his tax proposal clearly shows the level of literature he is most comfortable with.

"My tax plan is not too large and it is not too small, it is just right", says George W., "and , now, I feel an urge for some porridge."


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