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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?


To: Crossy who wrote (3136)2/26/2002 11:13:46 PM
From: Crossy  Read Replies (1) | Respond to of 37387
 
re: Gilder on Deflation and the ignorance of the political class. Great read IMHO !

gilder.com

"In Washington even the Republicans mill around like a herd of hornless Guernseys, prodded by the press and the polls to thwart any moves aiding the elite of entrepreneurs and technologists who can deliver relevant weapons. At a time of acute need for new antibiotics and anti-viral drugs, Tommy Thompson proudly threatens Bayer with suspension of its Cipro patent, for the offense of developing a drug useful against anthrax. At a time the nation needs steel for weapons, Administration vertebrae melt under protectionist lobbying. House leaders staunchly defend market freedom for those economic prime movers, the airport metal-detector technicians, then allow Democrats and lobbyists to write the far-reaching tax bill. Addressing conservatives at a recent weekly luncheon, one Republican senator failed to find a place for the economy among his three top priorities; adding it to the list would only dilute efforts to confirm new federal judges, he said. Oklahoma's stalwart Don Nickles and a few Senate colleagues were accordingly reduced to Daschle damage control"