Random Thoughts

Bush should ask Bill Clinton to be his personal representative to the Mid-East negotiations which should follow Arafat's death. The guy knows a lot about the situation and would love the stage it would put him on. It is also better to have him in the tent as the saying goes.

Senator Spector should not be denied his chairmanship of the Judiciary Committee even though my first instinct was to call Senator Chambliss and ask him to vote against him. The denial would just antagonize him and other liberals in the senate and if he chairs the committee, he will be under such a bright light during the hearings and subsequently that he will probably be an asset in any difficult confirmation hearing. If not, we can mount a coup.

If state taxes were no longer tax deductible on federal returns, it would serve the dual purpose of freeing up $70 billion for other tax adjustments and also put pressure on states not to raise taxes. An added attraction for me would be it would hurt blue states more than the rest of us.

We are going to have a very nice run in the stock market for the rest of the year. You need to be fully invested now.