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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (306)3/21/2001 11:53:16 AM
From: muleskinner  Respond to of 494
 
You know Ive got this thing figured out guys---bush comes along(you notice I didnt capitalize) and whats the program---Let Greenspan pretend he knows what the hells with the market---Tell the world that we need a tax cut, a reversal on his part, but the cut is for everyone, and now that the little investor has been driven out and is worthless at this point, he will reap the benefit of a two hundred dollar tax cut(big deal. NOw tell the world that OPEC didnt want to deal with his man Cheney, who dealt with them every day up until he became vp, so know we have to punch more worthless holes in Texas and Alaska, so that all his cronie friends can get rich drilling dry holes , and finally, lower the enviormental standards, so that the coal mongers can reap the benifits---I mean, how much more obvious can this thing get----The next thing will be telling the country that the earth is flat and we have all been dupped thinking it was round.. Oh, yea, I forgot the kicker, drop the inheritance tax, that way, anyone below the 1% rich standard will be come classified as a serf, and can immediately find a plow and a rake and start to till the soil----This little paragraph may not make total sense, but you get the point!!! Comments



To: BWAC who wrote (306)3/22/2001 2:12:16 AM
From: Master (Hijacked)  Respond to of 494
 
"Laying off Greenspan without severance...", now that's a proposition I like. He would probably redefine the meaning of exhuberance

Speaking of tax cuts, it is basic Economics 101, in times of recession putting money back in the pockets of the people is the surest and quickest way out of the economic lows. If the consumer has money and is confident about the future he will in turn re-inject that money back into the economy. In essence, a snowball can result in an avalanche of economic activity.

You mentioned that a tax cut entails $20 to $100 per year, per individual I presume. If you take into account the "Multiplier" effect in consumer spending it means that the amounts you mention may be multiplied maybe ten fold, to $200 to $1000 per individual.

A combination tax cut and reduced interest rates may be the snowball we need to start that avalanche. Unfortunately, Greenie keeps pissing on our snowballs resulting in one hell of a smelly mess for those at the bottom of the mountain.

Master