Word: feds
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Dates: during 1990-1999
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...sure, there are few times in our congressmen?s lives that they look as stupefied as when Alan Greenspan comes to visit them on Capitol Hill. But as tax-cut-hungry Republicans in the House and Senate blinked their way through the Fed chairman?s testimony on the last two Wednesdays ?- testimony in which Greenspan repeatedly shot down the idea of massive tax cuts -- one sensed that another question besides "huh?" was nagging at them this time. Namely, wasn?t this guy supposed to be a Republican...
...party Clinton was planning would immediately be met by a punitive/precautionary hike in interest rates. Clinton listened -- Greenspan, after all, had just rate-hiked George Bush right out of office (at least that?s how Bush tells it). Clinton?s economy-stupid presidency has charted a course for the Fed lighthouse ever since...
...Republicans, mind you, are just trying to help. They?re for small government -? a good thing by most reckonings, and especially by the Fed?s ?- and for giving American consumers back, out of the government newly-teeming annual coffers, some of what they?ve been consuming so furiously to put in. It?s their economy, stupid; they made the boom, with some help from Asian imports and Robert Rubin, and wouldn?t it be nice for the GOP to show its appreciation (and hopefully win a few elections) by cutting America a check...
...late Tuesday to trash the bill for neglecting Medicare) to the polls, the appetite for a cut that big just isn?t there right now. Even fellow Republican and economic icon Alan Greenspan is in on the finger-wagging. In testimony before the Senate Banking Committee Tuesday, the Fed chairman more or less repeated what he told the House last week: In this time of economic plenty, tax cuts aren?t bad, but debt repayment ?- and preparing for boomers? retirements ? is a whole lot better. And while the Senate leadership shouldn?t have much trouble ramming their bill through...
...performance by capturing high points and leaving out subsequent declines. The review is being driven by the performance of Internet stocks such as Yahoo and America Online, whose gyrations can make some fund managers look like a genius on Monday and stupid by Friday. Don't wait for the Fed to help. Check out the ads carefully...