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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (138299)	4/14/2001 12:00:59 AM
From: Thomas A Watson	Read Replies (1) \| Respond to of 769667

Dear Amer, what pro pessimistic sentiment liberal always do is fail to see the compounding effect of investment and the linear cost of doing business. Leadership is about having a vision and giving others freedom to implement the vision. What was the real cost of the so called 600 billion S&L problem. Well we could have taken the 600 billion and spent it on welfare and health care. 500 billion for civil servants to distribute the money and a 100 billion for the actual health care of which 60 million would be paid out fraudulently. Some will use freedom to commit crime and other to create a better place. Is the better place any worst for some crime? Now one can look at the 600 million S&L as not nice but none the less funding of clever entrepreneurs who invested this wealth for maximum and efficient growth. What do we have today in compounding benefit to all as a result of the 600 billion. The cost is at 6% or so. America may be better off for the 600 billion stolen and wisely invested as opposed to 600 billion of civil servant make work staductivity. Now we have not even considered what benefits to super computing and the value of modeling today and also value of all the research in generation and control of high power lasers. Why can we transmit petabytes of data down a single fiber for hundred of kilometer today? So I feel all you opinions never take into account the opportunity cost of the welfare state you want to create. tom watson tosiwmee