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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.55-4.4%3:59 PM EST
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To: Joe E. who wrote (1566)2/12/1998 8:27:00 AM
From: Tom D  Read Replies (1) of 164684
 
Off topic.

Joe--we may disagree, buy I am not an evil person. I have been a republican most of my life (although I was a socialist in college). I am not rich because I have worked fewer hours than most docs in order to do lots of volunteer work in homeless shelters in my evenings. I see lots of people who are more loving and unselfish than me in many occupations and in both political parties. I just know that I have a lot less time than I did 5 years ago.

Maybe I shouldn't have said something about the economy--I admit it was inflammatory--but I couldn't resist. Everybody (Congress, the presdient) wants to argue over who should "take credit" for the state of the economy. It seems to be so important to voters. The way I see it, the economy is a mixed blessing. We read about the suffering and anguish in Asian markets, and should be thankful we are not in this mess in America. The census at homeless shelters has declined in the last couple years. But our moderate growth with low interest rate environment is a result of low wages and declining federal budget deficits. The declining deficits are a result of unexpected capital gains tax windfalls which came from the bull market of the last couple years--which really started when the republicans took over congress in November 1994. I figure that somehow corporate America wouldn't have been able to do get away with all that downsizing without a republican-controlled congress (but maybe I am wrong about this). The job insecurity which goes with downsizing has stopped wage inflation in its tracks.

So, anyway, imho, the republicans are more responsible than Clinton for our low inflation economic growth. Clinton only "allowed" it to happen by leaving Greenspan in office. The republicans "made" it happen. But the economic climate is also leaving lots of people with less leisure time. Who is taking care of the toddlers when all the moms are working? Who has time to go to bookstores?

I did a lot of my book buying at 3 am when I would get up to feed the baby in the last couple years.

I probably won't be cluttering up the thread with my postings much more in the future. I think I have posted all the ideas that I have about this company to the thread, and have only done so in the interest of sharing and learning. When the people who are short and long really listen to each other then both are better off.

I hope that nobody gets badly burned on AMZN. Maybe all of us should cut back our positions by 20%?

I wish you well,

Tom D
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