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Technology Stocks : Oracle Corporation (ORCL)

ORCL 227.00

-3.9%

3:59 PM EST

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To: Lizzie Tudor who wrote (18287)	8/13/2003 5:16:46 PM
From: ge	Read Replies (1) of 19079

I think that we are agreeing on something here. It is not only programmers that are overpaid in the US, but many other professionals and if we are ever to have free trade as is the only possible end, then there will have to be some adjustments made. The German worker is suffering from these adjustments, but without the EU as a trading block Germany knew that they would always just be a small fry when compared to the US. Now with the clout of the EU behind them they and France had enough economic power to tell the US to kiss their ass on the Iraq issue. This message was not lost on US lawmakers. The US is presently making efforts to undermine the power of the EU, but has had little success. There is only one path and that is that the US will have to create its own successful free trade partnership. This will give disgruntled EU members an alternative. A move such as the formation of an EU structured organization will cause the same hardships in the US as it has in Germany, but the alternative is doing nothing. Not opening our markets will only build the competitive power of the EU and the Asian trade organization to a lesser degree.

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