Feds cut 1/2 point !!!

[Tripleshot]

Check the breaking news! This economy can't wait for GW's tax cut plan to act. They are putting the house in order now!Fed cuts interest rates

 

[Total Refected Power]

Finally. Idiots waited two weeks. Late. The recent trashing of the NASDAQ is evidence of that.

 

[Total Refected Power]

Markets are on fire!!!!!!!!!!!!!

 

[thebestMAX]

About time !!!

Lets hope for more cuts at the next Fed Meeting the last of this month.

 

[Tripleshot]

I told you when Bush cornered Greenspan two weeks ago,he stymied a 1/4 point decrease then. Bush does not want a robust economy. He wants to push his ill concieved tax plan and has some silly idea that will reserect the economy. It is foolish to give tax cuts with money that should be used pay off the 5.3 trillion dollar national debt. Paying off the national debt will generate more revenue for the government and will not hurt the average citizen one dang bit.

Just my $.02

 

[~zonker~]

And I was going to buy some indexes yesterday too... can you say oops?

 

[Total Refected Power]

Well I am still down over 25% for the year.

Still nice to see green for a change!!

CSCO
MSFT
AOL
SGP
NOK

 

[shifrbv]

I agree Tripleshot.

There's an old saying, "There are none so blind as those who will not see".

I think it pretty much fits alot of the spin you see about a "desparately needed" tax cut.

There's no problem carrying a debt if you have R&D for new products which will bring new revenue. But if you look at US companies today, R&D is way, way down. Worldwide competition is way, way up. The tax cut will give us some short relief, but if this trend continues, our debt's going to be really crushing for the average American.

 

[Thorn]

<< It is foolish to give tax cuts with money that should be used pay off the 5.3 trillion dollar national debt. Paying off the national debt will generate more revenue for the government and will not hurt the average citizen one dang bit. >>


Why? It's still our money... not the government's. Besides, his tax cut is spread out over the next 8+ years. The accumulating surplus balance that's left is more than sufficiant to whittle down the debt.

 

[thebestMAX]

Tripleshot-

What BS.

Do you think that this was done to make:

clinton look good going out?
Bush look good going in?

Guess I am just not the average citizen and I really dont want to be.

TRP-

Lets add:

ORCL
INTC
SUNW

Down at least 25% here also. Lets just get it back and then BANZAIIII.

 

[Tripleshot]

thebestMAX

It has nothing to do with Clinton or Bush.
This is the federal reserve taking charge and telling politicians to eat sh!t and die. The market place does not listen to politicians. There is no politics in money. It is its own religeon. Everyone can play and everyone can get burned. Thank god greenspan doesn't listen to Bush. But of course,Bush knows that. Thats why he is installing someone he can control.



Your right,you aren't average. We are still trying to figure out what you really are

 

[roc919]

Its about time. The Tech sector needs a desperate boost.

 

[Ausm]

My Stocks are kick'in ars toooooodaaay !!

Ausm

 

[thebestMAX]

TRIP-

<<It has nothing to do with Clinton or Bush.
This is the federal reserve taking charge and telling politicians to eat sh!t and die. The market place does not listen to politicians. There is no politics in money. It is its own religeon. Everyone can play and everyone can get burned. Thank god greenspan doesn't listen to Bush.>>

or Gore.
I agree with the above, didnt read that in your original post.


<<But of course,Bush knows that. Thats why he is installing someone he can control.>>

Who?


<<Your right,you aren't average. We are still trying to figure out what you really are>>

LOL, me too.

Still would rather have a tax cut than a deficit reduction.

 

[Tripleshot]

Still would rather have a tax cut than a deficit reduction.

I think a tax cut will happen eventually,but it is not a prescription for fixing a downturn in the market. The anylists say even if he gave a tax cut,its effect would not be felt until 2002 at the earlist,if at all.The right thing to do was what was done. And quite effective I might add. Watch the world market respond now. The whole planet will be rockin'.


Off hand I cannot remember who he appointed. It wasn't Rueban,who Gore would have chosen,but it was one of his appointments last week.

 

[charrison]

For once i am going to have to agree with tripleshot. Gah it is first and I hope it does not happen again .

We should be working to pay off the the national debt. I would glady not take a tax cut if I knew with 100% certainly that my tax dollars would go to paying of debt and not new programs. So far we have just squandered our surpluses. If the govt is going to spend the surpluses on new programs, I WANT MY MONEY BACK!

 

[Tripleshot]

. So far we have just squandered our surpluses. If the govt is going to spend the surpluses on new programs, I WANT MY MONEY BACK!


ME TOO !!!

 

[thebestMAX]

<<think a tax cut will happen eventually,but it is not a prescription for fixing a downturn in the market. The anylists say even if he gave a tax cut,its effect would not be felt until 2002 at the earlist,if at all.The right thing to do was what was done. And quite effective I might add. Watch the world market respond now.>>

I agree. Thats right. Movements in the economy take quite a while. That is why, and I know you will not agree, clinton benefited from the Reagan/Bush years. The workd market has already responded with several cuts of their own. Heard where but wasnt paying attention.

Greenspan has several years to go so what appointment were you talking about??

Linsey on economic affairs??

 

[thebestMAX]

<<. So far we have just squandered our surpluses. If the govt is going to spend the surpluses on new programs, I WANT MY MONEY BACK!


ME TOO !!! >>

ME THREE !!

 

[Total Refected Power]

Me FOUR!!!!!!!!!!!!!!!!!!!

 

[Tripleshot]

thebestMAX

Greenspan has several years to go so what appointment were you talking about??

I found it


Paul O'Neill for the Treasury Department.

Edit...............................................
O'Neill has been criticized for earlier statements calling for some form of energy or carbon consumption taxes -- statements he made in his capacity as head of Alcoa Aluminum

With the O'Neill pick, Bush seeks to appeal to a constituency of one -- Federal Reserve Board Chairman Alan Greenspan, with whom O'Neill shares a close personal and professional relationship. Bush is eager to make nice with Greenspan, whose singular influence is thought to drive the markets perhaps more forcefully than any economic indicators -- and who was criticized severely by the senior Bush, who thought Greenspan didn't act quickly enough when the economy fell into a severe recession late in his term.

O'Neill's connections and the neutralization of Whitman's social stance haven't convinced some mainstay conservatives, who have continued to blast the Bush Cabinet, despite the recent unveiling of two appointments aimed at soothing their ranks.

 

[thebestMAX]

Thanks-

 

[Spuffin]

Greenspan screwed George Bush Snr. over when he was in office because he would not lower the interest rates fast enough. I don't think W's pop will allow greenspan to do that to his dear ole boy