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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (11204)	1/8/2003 1:19:45 AM
From: MSI	Read Replies (2) \| Respond to of 89467

Newton or anybody consider Sen. Corzine's comments today about the Bush proposal? As one of the premier investment bankers in the country he knows a bit about this, and says the risk of the Bush plan is: * Increased attraction of stocks vs bonds cause decreased attractiveness of bonds, and increased interest rates -- a disaster in itself * Job creation further delayed, since corps will immediately change their strategy to issuing dividends to bolster share price, rather than retaining earnings for investment. If so, it would be a further acceleration of the downward spiral of elitist policies which seem almost designed to let the poor and middle class be crushed into subservience.