Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 152.74

-0.2%

3:13 PM EST

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To: JohnG who wrote (144455)	8/23/2006 7:27:44 PM
From: Clarksterh	Read Replies (1) of 152472

Other infrastructure construction projects should also be funded. This includes mass transit, power grid, water systems, sewage treatment, bridges and highways. These expenditures keep the money in the US and, at the same time, build for the future. This is exactly what Japan did after their implosion in the early 1990's. It got them nothing and they remained in recession for 15 years - because economically it was money wasted building something they didn't actually need. Show me stats that the power system is down more than in the past, or that sewage treatment is worse than in the past or commute times are worse across the US (ignore the divot due to the mini-recession in 2000), ... Purchases at Wall MArt do little for the US economy and the future of our country. The money has no multiplier -- it goes straight off shore. I really don't want to see the US become a nation of ShopKeepers. The alternative is to deploy our assets doing things at which we are economically inefficient. See above and be willing to bite a 25-50% cut in standard of living (assuming that the average American made version of a VCR, for instance, would cost twice that of one made in Indonesia). Of course we need to maintain some core competencies for strategic reasons (e.g. unavailability during an embargo), but IMO the place our money really should be spent is on education and the tools to make use of the educated populace.

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