IN: From the 12/11/01 New Dem Daily. Please let the Colorado DLC know what you think. This week the long, windy debate in Washington over a so-called economic stimulus package will likely be resolved one way or another. Putting aside all the partisan finger-pointing as to who is responsible for this or that twist or turn in the process, the bottom line is very clear: Republicans are unwilling to support any stimulus package that does not include significant new cuts in tax rates for wealthy individuals and corporations. We think that's too high a price to pay for the modest relief efforts for the unemployed that should be the focus of this legislation. The overall economy is not in as bad a shape as many feared at the beginning of this debate. Fiscal stimulus is already being supplied by new federal spending related to the war on terrorism and homeland defense. The tax rate cuts Republicans demand will in any event have no positive short-term impact on the economy, and could damage its long-range prospects by boosting future federal budget deficits. In effect, the GOP is holding unemployment relief hostage to yet another installment in its relentless drive for tax cuts targeted to high earners. It's time for Democrats to call the whole thing off, and call the Republicans' bluff on unemployment relief by decoupling it from tax rate cuts. Congress should be debating whether to cancel some of the high-end tax cuts enacted earlier this year, in order to pay for the war on terrorism. Instead, Congressional Republicans have spent months talking about new demands on public funds for the Americans who are least vulnerable in the economic slowdown, and least likely to make personal sacrifices in the war effort at home or abroad. If fiscal discipline means anything at all, it means a willingness to resist these sorts of demands. New Democrats favor bipartisan compromises in the pursuit of the national interest, but not in the pursuit of special interests. A deal with Republicans to secure new tax rate cuts would not be a compromise between "Left" and "Right," but between right and wrong.

Generate a subject line.

OUT: The Stimulus Package: Too High A Price

IN: When: Thursday, October 25, 2001 4:15 PM-4:45 PM (GMT-06:00) Central Time (US & Canada). Where: eb689b *~*~*~*~*~*~*~*~*~* Jennifer-initiate call to Richard Ring at ext. 4:15PM x33561

Generate a subject line.

OUT: Updated: Richard Ring/Jennifer Medcalf re: A'lones Teaming Agreement

IN: I just spoke to Dave Fuller in the Portland Office about a potential 10 year deal he wants to do as soon as possible with the referenced entity. As we all know, because of the legal issues that arose out of the "Orange County" litigation, no financial trades should be entered into with any governmental entity before legal due diligence of the counterparty has been completed and an ISDA Master is in place. Also, besides the usual issues surround the governmental's authority to enter into derivative transactions, we also need to determine whether this entity can enter into transactions as long as 10 year w/o prior voter approval. Credit, if you will send the credit worksheet directly to me I will prepare a draft ASAP and Sara will review it. Dave should be calling you with the information. Christian, if you have done any due diligence already on this counterparty we would appreciate any assistance/documents you can provide. Thank you all for your assistance with this.

Generate a subject line.

OUT: Public Utility District of Clarke County, Washington

IN: This is an automatically generated Delivery Status Notification. Your message has been successfully relayed to the following recipients, but the requested delivery status notifications may not be generated by the destination. nathoo@blackstone.com

Generate a subject line.

OUT:
Delivery Status Notification (Relay)