On squawk on the street, had basically the same take as all the CEOs interviewed on corporate tax cuts. Free cash does not increase capital investment. Unless the investment will lead to more profits they will do stock buybacks or raise dividends. You only spend capital when things look so positive that you think it will come back to you. The third and 4th quarter slowing put GDP rise according to Greenspan at 2%. Not as rosy as it first looked. So he says they tax cuts will have little positive effect on the economy and blowing up the deficit will in the long term make things worse. He says only when you create surplus by cutting entitlements, that can then go back into the economy as happened in 2000 and 2001 do you really stimulate growth. At least the senate has some rules that force it to be more revenue neutral than it would otherwise be in the house bill. Thank goodness someone tied their hands so it can't get through reconciliation until fixed.