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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (208434)	12/8/2002 8:37:15 PM
From: ild	Respond to of 436258

Stephen Friedman, former chairman of the investment bank Goldman Sachs Group Inc., has accepted Bush’s offer to replace Lindsey as director of the National Economic Council, officials said. msnbc.com

To: Tommaso who wrote (208434)	12/8/2002 8:52:46 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Why should a Secretary of the Treasury speak to the press on a weekly basis ? and more so to respond to clueless talking heads? ......... or may be you value CNBS for their wisdom

To: Tommaso who wrote (208434)	12/8/2002 9:44:55 PM
From: mishedlo	Read Replies (3) \| Respond to of 436258

New Econ Team msnbc.com “People have to hear things are getting better for a long time before they really believe it.” LMAO - NO people have been hearing for 3 years that things are going to get better. They are tired of HEARING and need to SEE it. What a joke. INVESTMENT TO BE STRESSED Opting against dramatic measures to put money into consumers' pockets, the White House is forming a package that will lean heavily toward investment incentives, senior Republican congressional aides say. It will include some reduction of the tax on corporate dividends, an added tax write-off for corporations investing in plants and equipment, and a higher limit on annual contributions to retirement accounts, such as 401(k)s and Individual Retirement Accounts. Tee Totally Blows it on: tax write-off for corporations investing in plants and equipment. We have an enormous overcapacity problem. Stimulating capacity is precicely the wrong thing to do IMO. For consumers, the administration is expected to accelerate income tax cuts planned for 2004 to 2003, and is still considering whether to speed up the scheduled increase in the per-child tax credit. Last year's 10-year, $1.35 trillion tax cut slowly increases the child credit from $500 to $1,000, but so far, it has been bumped up to only $600. House Republican leaders would like to see it go higher faster, possibly to $1,000 immediately This really pisses me off. Favoritism for kids is absurd. How about elimination of marriage tax instead. I favor a FLAT tax and no deductions for everone. This really really irks me. I really think we're in a position where we have [squandered] our advantages,” one Democratic tax aide said, “and I don't know where we go from here.” To make matters worse, state governments grappling with deepening fiscal crises will be working at cross-purposes with the administration, raising taxes and cutting spending just as Washington cuts taxes and raises spending, said Raymond C. Scheppach, executive director of the National Governors Association How true. Is this sad or pathetic or laughable?