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To: Lizzie Tudor who wrote (62965)	2/6/2003 1:23:53 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Hmm, I've heard that argument before, but that sounds a little disingenuous to me. That's sort of like me arguing with my wife that she should stop spending so much and she arguing back to me that if I wouldn't look at the checking account balance so much, things would eventually get better. My point is that you have to look at the root causes of why the economy is ailing and fix those. Addressing the symptoms or in this case protecting the dubious reasons for previous growth, is not the recipe for long term return to economic health. For instance, I would argue that stock options were not the enginer of growth in the 90's. Rather, the confluence of the birth of the Internet and cheap, fast PCs, along with the 1996 Telecom act and rising spending on networking and information technology, and lastly the Y2K spending surge, all contributed to the stock market frenzy and rapid economic growth we saw in the late 90's. So again, we should look to the root causes if we ever want to see fiscal responsibility and economic growth again.

To: Lizzie Tudor who wrote (62965)	2/6/2003 3:40:25 PM
From: GVTucker	Read Replies (2) \| Respond to of 77400

Lizzie, RE: Or they might just be afraid of killing off the growth engine of the country. Take a look at one of your favorite examples--Amazon. They expense options, the very thing you're afraid of. Whether or not someone buys your assumption that investors are taking out the option related cost (I don't), the fact is that Amazon has handily outperformed the market since they started to expense options. The world didn't end. Amazon didn't all of a sudden stop issuing options to employees. And the stock has done well. So why are you so afraid of others following suit?