To: Jacob Snyder who wrote (51741 ) 9/9/2001 11:11:55 AM From: Pete Young Respond to of 70976 What the country needs is: Perhaps a CCC project. We could wire up the last mile as a smart investment in the future, by having the govt. slash regulation and create a "FannieMae/FredieMac" for reasonable last mile infrastructure projects by private or local government interests. This would release the flood of private investment cash across the tech/media/retailing spectrum that is being dammed up by the last mile bottleneck. Lower interest rates are apparently not enough, monetary policy seems to be pushing on a string, and some fiscal stimulus is needed now before the damage gets so great that private money goes and hides itself under the mattress. Instead of using people as backhoes, like the old CCC did, we could employ a bunch of people writing software, making fiber components, designing and manufacturing semicap equip. Unfortunately for the country and the markets, Bush&Co. show no interest in creating infrastructure in any other place than energy (and that by more of the same than thinking out of the box). The old paradigm is holding onto it's position, (see ILECs, traditional retail, and middle men of all stripes) blocking the future of commerce, and making certain that the inevitable transition will be extremely painful for average investors and working people. It's as if the buggy whip manufacturers were holding the decision making power over whether or not to invest in roads for cars in the 20's... I suspect that the same destructive behavior by entrenched, but ultimately doomed interests helped contribute to depth of the last great depression. On another note, just got done having a nice visit with some friends from the ultimate technology buy co. EDA software services firm, CDN. They are having a marvelous year. Now I ask you, if things are so bleak, why are firms like TXN, SUNW, DELL, among others, putting so much money and effort into R&D? Be smart, people.