Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kushi Kullar who wrote (48392)	6/23/2001 5:32:27 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

My gut tells me that we need more confidence in the ability of the new team to lead us out of the woods. So far they seem kind of stunned by whats going on around them." Kushi, On the contrary, I think we are getting a bit of Nixon's old benign neglect. As long as the economy picks up sometime before election day 2002( ideally for them would be the april/may time frame), the Bushies will not panic. Their goal is to build the macro infrastructure for the next advance. Whether they are successful or not, i do not know, but they certainly seem willing to take the short term hit here. Mike

To: Kushi Kullar who wrote (48392)	6/26/2001 3:59:36 PM
From: willcousa	Respond to of 70976

We know that historically tax cuts stimulate the economy. The administration tried to get a larger and more immediate tax cut and couldn't. You can blame lack of leadership or the political hand they were dealt. The fed could be said to be cutting rates like mad. What is it, six now? The battleship will turn when it is good and ready. I read that the budget pays down the maximum debt that can be paid down without incurring penalties. So the government can keep the money and either spend it or what? If they spend it a lot will go to people who won't produce anything. They will spend money around Washington which will be good for local merchants and they will drive up housing prices which will be good for some and bad for others. If the same money is paid out as a tax cut a lot more people will be spending and that will be spread all over the country. Those people will use it on what gives them the most personal satisfaction. In other words, would you rather have some more of your money or see Jessee Helms increase his staff?