Posted on 09/09/2001 11:47:08 AM PDT by Trueblackman
In a rare working weekend President Bush has been meeting off and on with his economic advisors about the slumping economy Some of the ideas being floated by The Bush White House are: 1)An across the board spending cut in all federal funding. 2)A smaller than promised increase in military funding for this year. 3)Borrowing this year against next year's budget. While Republicans in the house seems ready to help President Bush they want a cut in the capital gains tax as a way to jump start the economy. President Bush has left the door up on that idea but wants to hold off until his own tax cuts fully take effect. President Bush hopes this will prevent the need from dipping into Social Security Demonrats lead by Tom Daschle have been fully blaming The Bush Tax Cut as the reason for the economic slowdown and has called on him to take fully blame for the economic slowdown. *Note this story was reported on CNN Cable TV earlier this morning before the talking heads shows.*
poor 'lil dick-dick!
i got my muffler!
Other measures of our stock market are broader, and those indexes have less at risk (i.e., probably won't fall as far as the DOW in the coming weeks).
One thing to watch is that we may, emphasis on MAY, be witnessing a fundamental rethinking of the Market. Investors might be moving funds into real estate or other investments which pay more immediate and realistic dividends, rather than bet on "growth" stocks (which pay little or no dividends) as has been the case for the past 14 years.
But just as corporate America goes through periodic downsizing and restructuring, so too can our stock market be restructured. Watch where the money goes. Is it leaving growth stocks and pouring into dividend stocks? Such a shift would be evidence of a "rethinking" of our Market.
Investors who identify the correct new trend early will be more heavily rewarded than those who catch on to the new trend later. Investors who don't see a restructuring coming at all will be brutally punished by the Market.
All of these stocks "selling off" isn't just mindless panic. A great deal of what is happening in any volatile Market is that money is being shifted from one strategy to another.
Callahan
Y'all might heat it up a little!
Translation:
DemocRATS believe that unless the Federal Government has ALL your money in the form of a "Budget Surplus" then the Economy is bad.
The alleged dip in the "budget surplus" -which really means that the U.S. Government has confiscated/stolen too much of OUR money out of OUR pockets- is entirely related to the slowdown in the economy WHICH STARTED IN EARLY 2000.
The DemocRATs cooked the economic numbers through 2000 to make Clinton/Gore look good. If anyone with half a brain went back and looked at the REVISED economic numbers from 2000, they'd see that they were chopped IN HALF. There was no 4%+ growth in the economy in 2000, it was barely 2%.
But Tommy Dasshole and Dick Gepfart won't let the truth stand in their way.
If the DemocRATS had their way, they'd be trying to "tax us into prosperity" ala-Clinton style.
The Government has too much of our money. Government produces NOTHING. All they do is spend, spend, spend our hard earned dollars and WASTE them.
If Bush were smart (and sometimes he actually is!) he'd order an across the board 10% reduction in all Federal Spending EXCEPT Social Security, Medicare/Medicaid and Military spending. He'd then implement a Capital Gains Tax Cut of minimum one-third and return any remaining surplus to the TAXPAYERS (not TAX-USERS like Dasshole/Gepfart want) of this country.
Wanna see an economic BOOM!? Implement what I said above, and it'll be an economic nuclear explosion. The influx of capital into our economy not only from the average Joe sitting at home, but from foreign investments under my plan, would make all previous economic recoveries look miniscule by comparison.
BTTT!!
Little Willie was "The Worst President In American History".
1) An across the board spending cut in all federal funding.
2) A smaller than promised increase in military funding for this year.
3) Cut in capital gains
Like it or not, the U.S. Govt is about 2/3 of the US economy. President Bush's movement here appears to be toward reducing the size of the govt'. You may support Smith's "invisible hand". However, the reality is that our govt' has a clearly visible hand ...
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