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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: exeric2 who wrote (79706)7/8/2001 5:20:24 PM
From: t2  Read Replies (2) | Respond to of 99985
 
Welcome exeric2,-- Comcast's hostile offer to buy AT&T's broadband service. At least it appears to be hostile.

It looks like a big one!

Big enough to change market sentiment possibly..especially since so many have appeared to have given up on a summer rally.

cbs.marketwatch.com;



To: exeric2 who wrote (79706)7/8/2001 8:17:02 PM
From: American Spirit  Read Replies (1) | Respond to of 99985
 
OT: Thank you. I thought it was outrageous Cheney telling us we needed 400 new power plants a few months ago (with relaxed pollution standards) but now even after the "supply shortage" is apparently at least mostly a manipulated scam, Bush's energy czar Abraham is asking for 1700 new power plants. Sounds like a Saturday night Live skit it's so outrageous but it's not funny if these people get their way. I know we need some power plants in areas which have become more populated (along with new clean power mills like wind and solar) but I love the American countryside and do you have any idea how much pollution even a fraction of what they want will pump into our American eco-system? I flew from LA to Chicago recently on a clear way and passing over the Great Plains somewhere the sky suddenly became orange and dense. There was one single power plant down below and it polluted the sky and earth for hundreds of miles around it. And you know the real reason Bush squashed Kyoto? Because this greedy selfish bastard wants to give all his energy cronies huge contracts to build and build and drill adn drill for many years to come. The main beneficiaries are his very inner circle of friends and supporters; Brown + Root, James Baker, Bechtel, Enron, Duke, Fluror, Williams, etc. etc. not to mention Halliburton of course, the VEEP's own company.

The California situation is an alarming collusionary ripoff scheme. Even the Secretary of the Treasury (what's his name former CEO of Alcoa?) is benefitting as Alcoa has gotten into the energy trading game. And top Enron execs are in key positions in The White House. Even Condaleeza is in the oil business. How did Colin Powell make $50,000,000 in the last eight years? And what are they doing appointing lobbyists to regulate the very industries they reprsent? How can we expect any policing of abuses and gouging?

They seem to have no conscience about any of this pigging out at the public troughs whatsoever. Like another S+L debacle but bigger and directed from right inside the White House. It is so corrupt and immoral and it all comes out of our pockets. All of ours. And pollutes our environment too. And it hurts the overall economy which is one reason the market keeps tanking. This gang of CEO's and political soft money addicts (mostly from one place, Texas) is siphoning off and transfering to their people huge amounts of our national wealth and will no doubt squader the surplus. They are all also big beneficiaries of the tax vuts for the most wealthy. And average people voted for them? Not for these policies? Which leds me to state that the election was stolen using lies and disinformation. Who can trust these people anymore? This was not what they promised. Not at all. And what "compassion"? What shame? What respect for the will of the people? And why are they lying to us so much? Are they so arrogant they believe they can actually get away with all this? Do they care?

No wonder Jeffords, McCain, Chafee and the centrists are bolting. But it still isn't stopping them. All they're doing is more distracting photo ops, damage-control spin and institutional lying. I haven't heard an honest word yet.

Apologies to those who love the GOP or the Bush family but this kind of corruption and pay-offs at the top happens routinely in the Philippines or Mexico or 3rd world military dictatorships but it shouldn't be happening in our democracy. Talk about polluting the system. Campaign finance reform, investigations and public outcry is what we need. For starters. Then a changing of the guard in 2002. Get the foxes out of our national chicken coop. Make the pigs at the trough vomit up the money back.

Another fear I have is that until these fat cats are neutralized Wall Street will not rally again. Bush doesn't seem to care squat for the tech industry which is our nation's #1 exporter and growth sector. Instead of tax breaks for his rich cronies they should be giving tax breaks for computer purchases to get techs moving again. Trillions have been lost or transfered. Trillions. And it keeps on going as we speak. My bill last month for just keeping my gas pilot light on was $12. used to be maybe $2. I didn't even use my gas once. El Paso Gas, another Bush crony, with no supply problems or greater supply cost. Just a 500% gouging.

Wake up, people. Wake up. Conservatives too. This will not be helping your cause either in the long run unless you're in the energy field maybe.