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To: Victor Lazlo who wrote (151541)	1/16/2003 11:24:03 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

Bush has a tax cut package and econ stimulus package before Congress. BS. So far all the legislation he's sent to congress was for proposals he had talked about before the economy ever went into recession. He's simply using the sad state of the economy to justify his ideologically motivated proposals (not that I disagree with all of them). For example his tax cut proposal doesn't really kick in until several years from now. So in no way does his proposal affect the economy. Have you heard of the new Dept of Homeland security? I've heard of a lot of honest students and workers being harrassed, including some famous scientists being denied entry to the US. On the other hand I haven't heard about a real catch in the US, a la ricin in the UK. More importantly, before we go after Sadam, where is Osama?

To: Victor Lazlo who wrote (151541)	1/17/2003 10:49:17 AM
From: GST	Read Replies (5) \| Respond to of 164684

"the fact is he's taking action" That reminds me of the old quip about being lost while driving a car, but not worrying because -- "we are making great time!". The US economy and financial markets are over a barrel in terms of the current account and trade deficits, the Federal Government deficit, State deficits, consumer spending, the value of the dollar and the glut of productive capacity with more of that being in low-cost economies like China. Our financial markets could ignore all of this in the late 1990s in part because of the international investment suction effect of the bubble that brought investment dollars to the Us to finance all of our deficits. Now we are now in a post-bubble downdraft and the underlying problems are still there and getting worse. The tax "stimulus" proposed by Bush adds to the problems instead of solving them. We are lost, but accelerating commitment to move quickly in the wrong direction.