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A small correction: The Senate and House
where controlled by the Republicans when W took office and the tax cut was
passed. Jeffers of Vermont switched to the Democrats just after, giving
them control of the Senate since.
Good luck and good trading,
Ray Raffurty
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Kent
Rollins
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, November 08, 2002 8:43
PM
Subject: Re: Re[2]: [RT] One dummy down,
more to go....
Exactly what is so bad about W's economic team? I
would like to hear somespecifics from Simms and Johnson.
Specifics.They got a massive tax cut though a Democratic Senate and
they are workingto make them permanent and enact some more. They are
working to privatizeSocialist Security. They are working to expand
free trade.Those are positives. What are the
negatives?Kent----- Original Message -----From: "Jim
Johnson" <jejohn@xxxxxxxxxxx>To: "M. Simms"
<prosys@xxxxxxxxxxxxxxxx>Cc:
<realtraders@xxxxxxxxxxxxxxx>Sent: Friday, November 08, 2002 8:29
PMSubject: Re[2]: [RT] One dummy down, more to go....Hello
M.,I do agree with you that W's domestic team, esp the econ team, is
weakand ineffectual. I hope he cleans house for the good of the US and
hisadministration. But your assessment of there pressure on W is
wishfulthinking. He is bullet proof for longer than 6 months.
The Pittresignation would have had more political advantage for Bush had
itbeen done the <day before> the election. It would have shown
W to beconcerned about corp corruption and all that blather the libs
spout.In my opinion W is perfectly situated for re-election.
Market hasdeclined in first two years, rates get slashed. year 3 of
electioncycle clicks in soon, maybe already. market rallies into
Nov, 04.Dem's will put Pelosi in as minority leader. she will
embarrass theDem's every day. Gray Davis will be a persona non grata
by Nov, 04and W will attempt to retake California. Dem's are already
switchingparties in the Georgia house. This looks to me like a replay
ofReagan's reign--tax cuts, economy pops, deficit that doesn't
reallymatterW's vulnerability is that the economy is so broken it
won't respondnormally or there's another terror incident that can be
traced tomissteps of his administration.that's my wishful thinking
:)Best regards,Jim
Johnson
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