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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Rascal who wrote (48562)	10/1/2002 7:26:19 PM
From: KLP	Read Replies (3) \| Respond to of 281500

Rascal.... Did you just make these numbers up? Or is there a credible link someplace that says how they were determined? The war is going to cost $10 Billion a month! The stock Market lost over $1Trillion last month. AND, if you have been listening from the beginning, President Bush has always said that he hasn't made up his mind on war or not..... He also has said the following many times as well....some folks just simply don't want to listen, or have it register....! >>>>>>> But I don't want to get a resolution which ties my hands, a resolution which is weaker than that which was passed out of the Congress in 1998. The Congress in 1998 passed a very strong resolution. They wisely recognized that Saddam Hussein is a threat -- was a threat in '98, and he's more of a threat four years later. My question is, what's changed? Why would Congress want to weaken a resolution? This guy's had four years to lie, deceive, to arm up. He's had four years to thumb his nose at the world. He is stockpiling more weapons. So I'm not sure why members would like to weaken the resolution. <<<<<<<<<

To: Rascal who wrote (48562)	10/1/2002 8:31:01 PM
From: Bilow	Read Replies (2) \| Respond to of 281500

Hi Rascal; I don't think that the war and economy have much to do with each other. Yes, the economy is down, but this is an event that was widely predicted by many (including myself) from before the 9/11 attacks. Naturally this has an effect on the stock market, but the stock market was in the midst of the biggest bubble of all times. It's only begun to pop. Way too many American companies reduced themselves from being primarily goods manufacturing businesses to being instead stock promoters and sellers. A mild example that comes to mind is Texas Instruments (TXN). Between June 15th, 1987 and today, TXN split five times, for a total increase in share count of 48x. You would think that there were corresponding increases in the amount of the business they did, but the fact is that even if they had never done any splits at all, they still would have had their sales per share decrease over the last 13 years. I'd bet that their sales weren't much better for some years before those 13 years, but that is as far back as I was willing to search for the financial records. For details of TXN sales over the past 13 years see #reply-18048399 . I'm not just supplying this information out of the blue with full 20-20 hindsight. I warned that TXN was severely over-priced 5 years ago. For the details see #reply-17805403 In other words, there was no significant improvement in TXN's business situation. The stock market bubble was a fraud. It wasn't just Enron, it was pervasive through the entire tech market and most of the Nasdaq. Osama bin Laden didn't help, but the market would have crashed no matter what. Blaming this market wreck on Osama, Bill, George, Ron or Alan is just another facet of the standard human tendency towards hero worship. None of those guys had much to do with it. The stock market bubble was caused by greedy individuals (and you know who the f you are) who bought stocks in the belief that buying stock would make them wealthy. It was a grand delusion, there was never any wealth to back up those stock prices. But the people to blame for it is us. What's worse is that those stock prices are still quite expensive. Everyone is thinking that the market will start going up again soon. BWAHAHAHAHAHAHAHA!!! LOL!!! BWAHAHAHAHAHAHAHA!!! -- Carl