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Technology Stocks : Intel Corporation (INTC)

INTC 36.38

-1.3%

Dec 22 3:59 PM EST

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To: GVTucker who wrote (182545)	11/8/2005 10:23:52 AM
From: Road Walker	Read Replies (1) of 186894

re: In this case, the market is clearly able to solve the problem. SUV sales are collapsing. Demand is declining. Government intervention at this stage of the game just does not make sense. And it will cause problems that you don't envision in your analysis. There is huge government intervention in support of energy companies and subsequent gasoline consumption. This would just create some balance. It's clearly in the public interest to increase the fleet mileage of automobiles. As I said before, it adds discretionary dollars to the economy, reduces the balance of trade deficit, helps the poorest of us the most, lowers pollution (and maybe global warming), and improves our political position. There is nothing new about the government intervention for the public good. Virtually every tax creates winners and losers. Inefficient use of a finite and precious commodity is not a good use of capital. The marketplace is not a level playing field with the subsidized exploration and manufacturing of gasoline. What are the unintended consequences you are worried about? John

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