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Technology Stocks : Intel Corporation (INTC)

INTC 37.81

-4.3%

Dec 12 9:30 AM EST

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To: John F. Dowd who wrote (165475)	5/29/2002 9:36:54 AM
From: William Hunt	Read Replies (2) of 186894

John Would like to think so but it is likely to not happen . With the following issues on the horizon : 1)Deficit this year of at least 100 billion dollars- interest rates will rise ( the reason for gold rising is future inflation and no economic policy by the government ). 2)The deficit will go over 200 billion as the tax cuts kick in for the rich ( top 1 % )next year . ctj.org The economy was headed south before Bush took over but he has really screwed it up in my opinion . The war on terriosm is costing 2.5 billion a month which is justified but he is paying no attention to the economy to start growth again and pay the bills . Before anyone jump's on the first qtr statistics look at the base we are starting from .The last two years has seen a major retrenchment in the economy . I really wish instead of spending the 43 billion dollars being spent next year on homeland defense they would instead divert the money to build a hdyrogen infrastucture for the automobile industry to get us off the oil issue thus helping us to become energy independent again . Beside the dramatic balance of payments effect on the economy ---(the dollar would soar) it would decrease dramatically the revenue source for the terrosits . What Bush is doing is pouring good money down a dark hole and not resolving one of the main issues which is affecting our economy ( Why be a hostage to other countries for energy ? ) . Again with no resolution to the above issues and no leadership from the adminstration on economic policy we are stuck where we are Best Wishes Bill PS By the way when was the last time you saw Laurence Lisey on TV espousing the economic policy for the government to get us started again ?

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