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.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (81713)	9/10/2001 8:38:43 AM
From: John Carragher	Respond to of 99985

The rising concern among policymakers was evident even before the release of the jobless number. At a dinner in the basement of the Capitol last week, a group of GOP lawmakers from the House and Senate met over barbecue sandwiches as GOP pollster David Winston provided a PowerPoint presentation of voter views that few of the Republicans were prepared to stomach. Mr. Winston reported a double-digit drop in the number of voters who felt the country was on the right track. Voters between the ages of 55 and 64 expressed veritable "panic," he told the lawmakers, citing a 29-point drop from late July to late August in the percentage of this age group who believed the country is on the right track. The reason, he concluded, was that their 401(k)s have dropped precipitously in the last 18 months and now they fear that politicians might spend their other nest egg, Social Security. Other pollsters haven't found such a marked deterioration in public attitudes. But Arizona Rep. J.D. Hayworth was one of several GOP lawmakers who pointed fingers at the president. How can Republicans get their message out when the sign on the president's podium reads "gone fishin'," he asked, according to two people who were there. Rep. Hayworth says he doesn't comment on private meetings. At the White House, President Bush and Vice President Cheney held emergency sessions with Republican Congressional leaders Friday to figure out a response to the economy. Prodded by GOP members of Congress, White House aides appear to be warming to the idea of a cut in the capital-gains tax, which could be structured to avoid losing revenue in the short term. On the Sunday morning talk shows, Democratic and Republican legislators expressed interest in a variety of other emergency tax-cut plans, such as some kind of cut, or rebate, aimed at lower and middle-income families paying payroll taxes.