Word: republican
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Dates: during 1990-1999
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...they do, they will likely nominate a moderate--the former Connecticut governor Lowell P. Weicker Jr.--for instance. Gore and Bush (or whomever the Democratic and Republican nominees) will be will have to think outside the box. The candidates will have to work hard--and really distinguish themselves--in order to get elected...
...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...
...Bill Clinton has made triangulation history with his six-year sidle into the heart of what was once a Republican fiscal conservatism, but it was Mr. Greenspan, with arms akimbo and foot a-tapping, who was waiting for the president when he got there. In 1992 Greenspan told Clinton in un-opaque terms that the tax-cut inauguration 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...
...free up investment capital -- good. New spending, which neither party trusts the other to lay off of -- bad. Saving for the future ?- good. Putting all your eggs in one tax-cut basket and hoping for the best -? bad. All in all, Greenspan signed off on a rather conservative, rather Republican philosophy. It?s just that the Republican who?s getting all the credit for it is Bill Clinton...
...meantime, it looks more and more like the GOP leaders against the world. From the White House (Al Gore stopped by 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...