I think sometimes after we have this type of party, there is a hangover -- and this comes in '05, ... The new Congress in '05 will make efforts to restrain growth. They may not rescind the tax cuts, but there will be spending restraint. But between now and then, it's just a party.
More Quotes from Greg Valliere:
For the people who experience it, it's a tragedy, but for the country as a whole, we can absorb it.Greg Valliere
I think Greenspan, last Thursday, really sent a signal that he wants 50 basis points (a half-percentage point), ... By saying that the GDP (gross domestic product) growth is close to zero, he certainly encouraged the belief that we get half a point.
Greg Valliere
One of the big stories coming out of this is the inability to get anything done in the next two years. Therefore ... the budget surplus is going to pile up dramatically because Congress won't agree on big tax cuts or big spending hikes.
Greg Valliere
He can afford to tilt at windmills, because he's Warren Buffett. But I doubt he can really influence the Republican leadership.
Greg Valliere
If this election uncertainty drags on that long, you've got to think the air of uncertainty in the country will infect consumers and consumer spending.
Greg Valliere
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