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

To: wdlngduc who wrote (307)	3/21/2001 2:17:24 PM
From: Karen Lawrence	Read Replies (2) \| Respond to of 494

In less than a year AG has managed to turn the irrationally exuberant economy 180 degrees into a crash and burn tailspin. There is no longer any safe harbor in the market. Robert Reich appeared on CSPAN Sunday. He said AG HAD to drop the rate .75 to stop the economic implosion, and 1.00 to get the economy kickstarted. If we presume AG knows what he's doing then he set out with malice aforethought to undermine the economy. Is war next? Reich proposed that payroll taxes (FICA)be waived on the first 10K of everyone's income. Sounded good to me. Adding to the conspiracy mix of AG screwing everyone, useless tax cut proposals, there is the Enron factor. Enron, the Houston based oil company that helped put Bush in the White House is sucking the life out of CA., and by default, Silicon Valley. Here's an excerpt from the SFGATE, 3/4/01: Enron and Ken Lay were one of the major players behind the push for deregulation in California," said Janee Briesemeister, senior policy analyst in the Austin office of Consumers Union. "A lot of what's happening in California was their idea." The rest of the article: sfgate.com

To: wdlngduc who wrote (307)	3/22/2001 2:38:49 AM
From: Master (Hijacked)	Read Replies (1) \| Respond to of 494

I beg to disagree. Ridding ourselves of Greenie will have a positive impact on the economy and the markets. Do not underestimate the importance of the psychology of the investor. Greenspan's actions has destroyed the savings of millions of individuals. But there are still many more millions of other individuals who have money idling in bank accounts which they can invest in the markets. But, the only reason these individuals don't invest is because they have NO CONFIDENCE in the markets and Greenspan. Greenspan is seen as evil, the one who destroyed the economy (regardless of his success in the past). The whispers overheard in the tight corridors on Wall Street is that anyone else can do a better job as Chairman of the Fed right now. Therefore, a new Chairman might be the positive sign these idle investors are looking for and thereby encourage them to return to the markets.