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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.16+0.2%Dec 26 9:30 AM EST
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To: Kenneth E. Phillipps who wrote (56881)1/25/2002 4:00:28 PM
From: RetiredNow  Read Replies (1) of 77400
 
Could be. I think either Jan or Feb will mark the first month of expansion. If we get an econ stimulus bill, then the expansion could be decent sized. Without one, it will be lackluster. I don't have much hope for one, though, because the Dems and Reps are more interested in slashing each other's throats than in doing what something that might benefit the average joe. It cracks me up when I hear those Democrats bitch about how the surplus is shrinking and it's all Bush's fault because he pushed the tax bill through. What stupidity. The surplus is shrinking because we're in a recession caused by unprecedented craziness during the 90's. Even with the existing surplus of only $1.6 trillion over the next 10 years, there is still a substantial argument in favor of moving forward with the planned tax cuts. The idea is that our government isn't there to make a profit. There is only incentive for government to spend when it has cash lying around. Surplus funds should never be left in a government official's hands. In most cases, it should be returned to the taxpayer, unless there is verifiable evidence that some other investment will benefit the overall economy to a greater degree than having its citizens retain more of their own money. Very few proposals would fit that bill. One that comes to mind is spending the money to subsidize broadband to every home or to deregulate and remove the obstacles from broadband rollout. It worked for the phone networks when they were in their infancy. It can work for broadband networking.
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