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Politics : PRESIDENT GEORGE W. BUSH
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To: ColtonGang who wrote (173577)8/22/2001 5:36:25 PM
From: Thomas A Watson   of 769670
 
During the years of just after the Congress took control and rained in the government sucking up all the capitol the economy grew and as the wonderful event of the do nothing government (the great sperm malaise)came to an end mr. bill thought he had done so much good and he then and the congress started sucking up all the capitol with spending and creating thousands of new regulation and the dumb Fed decided to add to the oil tax of Opec a drastic decrease in liquidity because productivity now was supposed to case inflation.

The other event was the Y2K fraud that caused a huge one time surge in the purchase of computer technology. This built a false demand perception that carried the tech market but as the government spent more, new regulation cost more, oil cost more, and the fed sucked the money out of the economy a normal response of business was cost cutting and all that y2k stuff was still really new the demand dropped for tech. Also a tremendous inventory of tech stuff was created by the false demand perception. And as the stock price dropped the cost cutting fed upon this and demand dropped. The weaker more speculative dot coms failed and their brand new equipment became available and the paper on a lot of this stuff was held by companies who made the stuff. So more of a glut of tech stuff.

Now the other great problem of technology is msft. the msft products were useful in the first major advance of productivity due to bringing information interchange. In my opinion as an Engineer the security flaws and overly complex and cluggy msft OSes are more in the way of creating secure and reliable information interchanges and the increases in productivities will trudge along more slowly. The other problem with technology is that the laws and rules in the telecommunications industry. They are slowing the ability to get broadband dsl out.

All in all the economy is whole and the current future looks positive. A hundred billion surplus or a slight deficit will not matter. But sucking capitol from business that creates for government that consumes is never a solution. In that dems are unleased to spend or demonize and spend the constant sucking of working capitol to unproductive waste will slow economic growth.

tom watson tosiwwmee
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