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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

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To: Lizzie Tudor who wrote (65333)	3/30/2004 10:44:18 PM
From: RetiredNow	Read Replies (2) of 77397

" And the job loss is precisely why we can't recover from this recession." Hi Lizzie, the above is not a factual statement. The fact is that the economy is very strong right now and GDP is growing very nicely. Companies earnings are also growing at a fast clip. Most recently, the economy has also been ringing in good retail spending growth, which is a testament to the strength of the consumer. The long and the short of it is, we can all continue to whine about offshoring etc, but this economy has already moved beyond that and is once again showing that the American capitalist system is the best in the world for shaking off malaise and excess and working through the corrective processes to get back on its feet. We're firing on all cylinders now and I would be willing to bet all my credibility on this thread that substantial jobs growth (>150K per month) will be here in the next few months, most definitely before the November election.

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