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To: JRI who wrote (11024)	3/1/2001 7:11:08 PM
From: LLCF	Respond to of 13572

<What if the expansion of our national highway system, or electricity to the home, or water treatment....were all subject to the profit motive, and the whims of the stock market of that day....would this have delayed the build-out of the sytems, and their enormous benefits for every person in the land. Undoubtedly.> Agreed.... it must be remembered however that in all the great infrastructure buildouts including rail and electric the booms created over [mal]investment or a 'bubble'... this time has been no different... except probably worse [bigger] thanks to easy Al Greenspan. This too shall [is] unwinding... even as corperate and personal credit are tickling all time highs. There is good argument for a very bad recession IMO. DAK