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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.69+0.4%Jan 21 3:59 PM EST

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To: Paul V. who wrote (62316)11/7/2002 8:57:08 AM
From: RetiredNow  Read Replies (4) of 77400
 
I've been thinking about that. Republicans love to help tech companies, especially since the tech companies were such big contributors to the Bush presidential campaign. Not only that, but companies like Cisco will benefit from the increased Republican emphasis on security software and hardware purchases for Homeland and foreign security efforts.

Not only that, but I think it is a myth that Democrats are good for the economy. Democrats are good at spending money and that's usually short term good for the economy. But Republicans do things that are long term good for the economy, like lowering taxes and reducing wasteful government spending. Of course, military spending usually increases in a Republican gov't, but I think we all agree that this is a good time for money to be spent on our security needs.

Here's a good example, the Democrats are using the scare tactic that social security privatization is bad for the economy and bad for investors. They use the last 2 years as their proof of this ridiculous assertion. It makes me think that no Democrats paid any attention to their finance or economics classes in school. There are ways to guard against the ups and downs of the stock market. For instance, the gov't could limit investments in privatized social security to age-based diversified mutual funds, instead of giving people the full range of options. That would still provide for a much greater return on people's social security contributions than the crappy returns, if any, that people get now.

Anyway, Republicans understand this, so it seems that they did pay attention to finance and economics, unlike the Democrats.
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