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To: Lizzie Tudor who wrote (159342)	9/20/2003 8:45:29 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164687

1. What does restricting visas have to do with "offshoring"? Visa recipients are taking jobs IN the US, not overseas. 2. You want payroll taxes cut, but the deficit "under control"? What does "under control" mean? Eliminated? Reduced to some level you'd be comfortable with? What? But more importantly, if tax cuts don't stimulate growth and drive higher government revenues (as most Dems argue), then how would a payroll tax cut impact the deficit? As for floating the yuan, I haven't really looked at the issue much, but economists seem to be conflicted over it. If a free-floating yuan rose against the dollar, US companies would benefit, but there seems to be a great deal of uncertainty about whether it would, in fact, rise. Personally, I tend toward letting the market decide, which means let it float. 3. As for your last comments, of course the deficit is related to jobs. The economy weakened, companies cut back, stock values fell, corporate and personal incomes (including capital gains) weakened, tax revenues couldn't keep up with boom-time 8-9% government spending growth, and deficits resulted (compounded by higher military and security spending). But the rest - the lines about "lack of understanding", "inability to level with the people" and "travesty" - is just more Democratic hyperbole. Spare me.