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To: Lizzie Tudor who wrote (157968)6/19/2003 1:09:10 AM
From: stockman_scott  Respond to of 164684
 
Ignorance a threat to nation's security
_____________________________________

THE SEATTLE POST-INTELLIGENCER EDITORIAL BOARD

Thursday, June 19, 2003

President Bush continues to enjoy wide public support in national polls. Much of that support is based on his performance as commander in chief and the view that the Iraq war was both justified and successful.

Another poll, however, raises the question of just how informed that favorable opinion is.

There can be a wide gap between public opinion and public knowledge, according to the Program on International Policy Attitudes at the University of Maryland.

The program's national poll, conducted in the middle of May, showed 34 percent of those surveyed believed that -- contrary to fact -- the United States has already found weapons of mass destruction in Iraq. Some degree of self-fulfilling prophecy may be at work in this startling bit of public delusion. This belief runs highest among those who approved of the decision to go to war. Overall, 60 percent remembered "the evidence that Iraq had weapons of mass destruction" as the U.S. government's main reason for attacking Iraq.

Also, more than one in five surveyed believed that Iraq used chemical or biological weapons during the war.

In a nation whose very governance is founded on the notion of an informed electorate, such widespread public ignorance of demonstrable facts poses a threat to national security greater than that of any terrorist.

seattlepi.nwsource.com



To: Lizzie Tudor who wrote (157968)6/19/2003 6:16:58 AM
From: GST  Read Replies (1) | Respond to of 164684
 
Hi, its really late at night and I cannot remember the details -- I know eds was talking "restructuring" and there were a feww other notes of caution. The market is showing some signs of "speculation", but the longer term outlook seems like it is more bullish if you believe the recent stock market action. The dollar rallied in the last 24 hours. As I said before, I believe the value of the dollar is the key. Gold stocks signal a move in both interest rate4s and the dollar. On the extremely short-end of the time horizon, I have some short-term plays (expiration of June options)and will take the bullish side.



To: Lizzie Tudor who wrote (157968)6/19/2003 1:54:57 PM
From: GST  Read Replies (1) | Respond to of 164684
 
<<the first-quarter current account deficit swelled to a record $136.1 billion from the fourth quarter's revised $128.6 billion. Foreigners became net sellers of U.S. stocks in the first quarter from net buyers in the previous three months>> This is bearish news.