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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (44639)	3/1/2012 10:05:52 PM
From: ggersh	Read Replies (1) \| Respond to of 71479

It's his Haaaavard education. -vbg- As Treasury Secretary, Summers led the Clinton Administration's opposition to tax cuts proposed by the Republican Congress in 1999. [16] Also during his stint in the Clinton Administration, Summers was successful in pushing for capital gains tax cuts.[ citation needed] During the California energy crisis of 2000, then-Treasury Secretary Summers teamed with Alan Greenspan and Enron executive Kenneth Lay to lecture California Governor Gray Davis on the causes of the crisis, explaining that the problem was excessive government regulation. [17] Under the advice of Kenneth Lay, Summers urged Davis to relax California's environmental standards in order to reassure the markets. [18]