Does Sgr A* Have an Intrinsic Magnetic Moment Instead of an Event Horizon?

We have previously developed a general relativistic model of a gravitationally compact, intrinsically magnetic, eternally collapsing object (MECO). It has been shown to account for the low quiescent xray luminosities and spectral state switches in galactic black hole candidates (GBHC) while correctly predicting the radio/x-ray luminosity correlations of both GBHC and active galactic nuclei. We show here that a MECO model for Sgr A* is consistent with its observed low NIR luminosity levels. It has the unique property of providing an explanation for observed polarizations in the context of an inverted polar jet flow while reconciling the low luminosity of Sgr A* with a standard Bondi accretion flow. Thus the conclusion that Sgr A* contains a black hole with an event horizon is still unsubstantiated. Subject headings: accretion, accretion disks–Galaxy : center–magnetic fields–X-rays: stars