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

To: tejek who wrote (134518)	3/14/2001 10:05:18 AM
From: hmaly	Read Replies (1) \| Respond to of 1589391

Ted Re..I said his negative comments were fueling negative sentiment in the marketplace. People know about his tax cut and that he thinks we need it because we are in recession. Your dad tells you are going to get your allowance but you will be grounded for a month makes getting the allowance not so great. In the same way, telling people they will get a tax cut to stave off a recession is neutralizing a positive with a negative.<<<<<<<< GW didn't start the downturn in Naz or consumer sentiment. The Naz started to turn down 1 yr ago. and consumer sentiment started to downturn in sept.; 4 months before GW took office, or said anything about a recession. Xmas shopping , in computers anyway was stagnant, 2 months before GW took office. Nor did GW make that remark about we may be heading into recession until mid Jan. after he talked to AG. AG had already signaled that we may be heading into recession with the Jan 5. 1/2 pt. rate cut. The markets were worried about a recession since mid dec. A tax cut at that point, would assuage fears that the interest rate cuts by the fed won't be enough to get the economy started again. It is the dem. refusal to recognize the importance of the tax cut to help kick start the economy, which in my opinion is the drag. Whats worse, a leader who foresees a pending problem and reacts to it, or a party who ignores the news and continues to spend like there is no tomorrow. I would suggest to you, that when you are investing, you try to guess which stock will do well and try to buy before the stock has risen. I prefer a leader who is ahead of the curve rather than behind it. The dems are worried about 10 yrs from now. The dems should be worried about the here and now, and help kick start our economy before we wind up like Japan. And that is the real fear on the street. Will we become another Japan with a gov. who ignores the problems in the system, and lets the country stagnate for 10 yrs . We need to get rid of the massive corruption in gov. so people will have confidence in gov. again. We are just wasting our hard earned money when we see the politicians who can only see medicare as the program to cut instead of all of the pork. The dems. position appears to be that there is no waste or corruption in gov. and we need to start cutting the essentials, SS and medicare. Business in the US meet the worldwide challenge from the Japanese and the other Asian countries in the 70's and 80's, by eliminating waste and downsizing; and becoming lean and mean. It is time for gov. to do likewise. A gov. which refuses to even recognize there is a problem, much less do anything about it is the problem. Frankly, last night on hardball on MSNBC, Chris Mathews, bought up the fact that the dems. attempt to paint GW as stupid was under mining confidence in gov. and an idiotic play; especially now with the market in free fall. GW may have just been lucky or pandering votes when he said we need a tax cut during the campaign. Now he seems prophetic, it is the dems who are fiddling while Rome burns.