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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Kanetsu who wrote (49325)	3/18/2001 3:41:24 AM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Bush approval ratings? When were those taken? What is there to approve of yet? The market is down 50% since the "election". How can anyone approve of anything yet? I'd say most people are wondering if he going to be the weakest most overwhelmed and least-deserving president in our lifetimes. He has done absolutely nothing for the economy yet but suggest tax cuts will help us. But they won't and they don't even kick in for 3-4 years by which time we may not have a surplus to spend. So what goes then? He's offering the average family $200 and the average multi-millionaire a few hundred grand. I dunno. I'd rather see a big rate cut and paying off that debt while we have some extra cash. That will put more money in corporate coffers than any tax cut. That will save the markets. Tax cuts are an iffy proposition. More of a re-distribution of wealth than a boon. I'd rather have a solvent government than fatter fat cats. The middleclass get next to nothing in tax relief. You know the score. Greenspan may not be partisan but he's going to fight this tax cut in his own way. You watch. Between the lines. And who's more powerful? Bush or Greenspan? My prediction is that Bush caves in and compromises. Which will be good for the nation. But Greenspan may do very little until he sees this "deal" being made. 50 basis points Tuesday will just steady us. More is needed. We need to see real progress. I'm in suspense and watching carefully.