I think Microsoft would like to wait until after the election, and maybe if George W. Bush wins, they could get treated better by a Bush Justice Department. I think they're delusional if they think that's going to get them out of their problem, but I wouldn't be surprised if that's in the backs of their minds.
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O'Neill's departure removes an impediment for a big stimulus package, ... He had been lobbying against a package, worried about a budget deficit.
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I really think when you talk about pocketbook issues that affect the electorate, people think about the Nasdaq (composite index) and the Dow Jones (industrial average). If we got another rate hike and the market sold off on that, I think people would be displeased. If there's no rate hike on August 22 and the market rallies, you've got to say that helps (Al) Gore.
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Greg Valliere
I think Greenspan realizes that if he doesn't move tomorrow, he may have to do 50 basis points at the end of January, which could look panicky.
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