-Caveat Lector-

These International Economists are totally ignoring the fact
that this is only one minor reason for the tax cut, too
small to correct a recession any way.  The domestic reasons
are of far greater weight in this decision. While it is
hoped it will positively effect the economy as a whole, it
was a campaign promise made before the economy took its down
turn.  Everybody knows more and better about America's
business than Americans!  Well, they enjoy thinking they do
any way.  Some of these people need to mind their own damn
business.
AKE
----- Original Message -----
From: "MICHAEL SPITZER" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Sunday, January 28, 2001 12:02 AM
Subject: [CTRL] IHT: The Third Way Globalist in Davos don't
like Bush fils, or the horse he rode in on.


> -Caveat Lector-
>
> Senior Economists Cast Doubt on U.S. Tax Plan
>
> By Tom Buerkle
> International Herald Tribune
> Friday, January 26, 2001
>
> DAVOS, Switzerland Senior international economists
remained
> distinctly skeptical about the merits of the tax cuts
proposed by
> President George W. Bush despite the apparent conversion
of the
> Federal Reserve Board chairman, Alan Greenspan, to the
cause of
> tax reduction on Thursday.
>
> The economists, who were participating in the World
Economic
> Forum here, were unanimous in rejecting the idea that tax
cuts
> are an effective antidote to the slowdown gripping the
U.S.
> economy. Given the time needed to win political support
for tax
> cuts, any reduction would likely take effect when the
economy was
> already in recovery mode, they said.
>

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