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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (67384)	3/15/2005 4:41:15 PM
From: GVTucker	Read Replies (2) \| Respond to of 77400

Amy, RE: The above statement really makes me lack confidence in the govt, because by early 2001 every businessperson was fully aware of the economic situation, cutting budgets, in fact, we were wondering on the Intel thread why CA govt was so late to cut expenses compared to businesses. How can Greenspan be so far behind the thinking of business leaders? Because you're not talking about a related cause and effect. In early 2001, the economy was indeed slowing down. I think that Greenspan realized it. That doesn't necessarily have to be related to the deficit. At that point in time, I don't think anyone anticipated that the Bush administration would embark on an unprecedented spending spree, or that coincident with that spending spree Bush would be able to push through pretty sizable tax cuts.