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

To: Baldur Fjvlnisson who wrote (336879)	1/3/2003 10:07:34 AM
From: jlallen	Respond to of 769670

Bush looks beaten and demoralized. LOL! You're delusional as usual....

To: Baldur Fjvlnisson who wrote (336879)	1/3/2003 2:51:35 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Interesting post you made last night, listing: 1). serious corporate under-funded pension problems (which, I might add: are just as serious, or more so, in European corporate strata where 'defined benefit' plans remained more popular), 2). massive unreported off-balance sheet debt obligations (SEC seeking comment now on new regulations to require reporting), 3). and the over-valued US dollar (in light of our low interest rates, persistent trade deficit, and massive expansion of M3). One thing you didn't list was the hit to reported earnings that will be taken by much of the US high tech icons (MSFT, CSCO, etc.) when stock options expensing is required early in 2004. While under-funded pension liabilities depress earnings for some 300 of the Fortune 500 big cap companies for a number of upcoming years... it will be the stock watering schemes of the high tech titans that depress their earnings once options dilution effects are included in reported earnings.