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

To: Cary Salsberg who wrote (43503)	3/11/2001 7:26:01 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Cary, Let's not assume that very liberal economist Galbraith is correct, while very liberal economist Krugman is wrong. JKG has seen his better days. I reread his article and it offers no guidance in how to lessen the effects of a recession. In effect it seems to say that we are in for recession/depression and only time willl get us out of it. Sounds alot like Hoover. Krugman, on the other hand, says the Fed must act more forcefully and in his comments on Japan, he lambastes those who chose and continue to choose a devastating 10 year recession over inflating the economy. We in the US who had a bout with excessive inflation in the 70's must also not become paranoid about short-term 3% blips. So when you knee jerk Cary, you should pick the liberal with an optimistic bent, one who believes that government can have an effect when proactive and NOT the old senile genius who you(as I) remember from our ECO 101 textbook. Now on to Bush. Cary, none of us on this thread doubt that you are far more intelligent than "W". I for one would rather have a nudnik like Bush as President than an arrogant SOB like you, no offense intended. But I will follow your selections on which stocks to buy over Bush's. The Bush family still has problems with supermarket scanners and believe that the Grecians make excellent restauranteurs. Mike PS I may have assumed wrongly that you bought the Galbraith scenario. After re-reading some posts, I have come to the conclusion you didnt take a postion so I may have knee jerked in your direction. Sorry if i did.

To: Cary Salsberg who wrote (43503)	3/11/2001 7:43:32 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Here's my personal favorite (from President Bush's Weekly Radio Address, as recorded by me on 2/3/01): "Picture a diner in one of our cities. At the table is a lawyer with two children. She earns $250,000 a year. Carrying her coffee and toast is a waitress who has two children of her own. She earns $25,000 a year. If both the lawyer and the waitress get a raise, it is the waitress who winds up paying a higher marginal tax rate. She will give back almost one half of every extra dollar she earns to the government." Can somebody help me out as to what George is talking about? The waitress is in a 15% marginal tax bracket while the lawyer is in a 36% bracket. irs.ustreas.gov