To: Haim R. Branisteanu who wrote (67960 ) 1/31/2001 8:50:26 AM From: HammerHead Read Replies (1) | Respond to of 99985 blame Bush for the weak stock market is silly, i read many of your intelligent posts but can't agree to your repeated blame on Bush causing the down market and it also misguided the investors IMO. the sudden jump of oil price hand-tighten Fed's flexibility on interest rate last year, you can blame whoever for the rise of energy cost (no energy policy?) but it is a fact that our economy is in the hand of OPEC more than ever. why (tech) stock down? internut bubble, period, simple. Dow is intact, Bush? whom to blame? --IPO mania was ended by COMS's spinning off PALM - the mother of IPO, remember? and crashed. --CLEC crashed due to credit crunch (AG?) and mismanagement i.e. ICGXQ, PSIX.... --T crashed from 60 to teen because it overspend $100B on broadband cable, the big three followed CLEC dragged down infrastructure builder... --PCLN crashed, the whole B2C E-Commerce sectors followed, AMZN and YHOO... --INTC warned due to slower growth (the FED wanted) and AMD... --MSFT warned, then GTW and whole PC sectors followed... --optical fever got cool down because the burst of internut bubble... if politics can be blamed on weak stock market i will pick : 1. DOJ's antitrust against MSFT to trigger the Nasdaq's downtrend 2. DOJ's antitrust against WCOM (merge with FON) to trigger telco's downtrend the regional bells such as SBC and VZ are doing well but not the big three, why? because they are (regional) monopoly. you can also research on how DSL players were pissed by SBC or VZ (check NPNT). if the telco experts can't foresee why the industry shifts such dramatically in a short time, how can a group of DOJ lawyers tell them what to do? many opponents against WCOM+FON fear a mass layoff after merger, now WCOM without the merger will still end up 10%+ cut. the long distant call is no longer a monopoly, people can use nationwide wireless and internet phone as an alternative. WCOM and FON need to consolidate their operations to fend off SBC VZ AWE Q LVLT GX, but they were told by the lawyers to endure the deterioration of long distant (voice) business. The issue is more complicated than what Bush said, and he just told the true. it is a fact that Bush inherits the bubble-burst mess, it's tough. if i were Bush's adviser i would initiate an internet-II strategy to speed up the World Wide Wait. maybe have all the public schools fiber connected to internet. The speed will spur all the upgrade from PC to telco equipment, then we can have internut survivor mania-II. why not?