Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : IMPEACH GRAY DAVIS! -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (852)	8/18/2003 2:31:34 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 1641

Oh geez Bill, I am NOT rooting against a recovery!! The problem is, there is a recovery actually, there is also a jobs recovery, but it is not happening in this country. The growth companies, which are primarily tech, are laying off here to hire in Bangalore. With our regressive tax structure this is a large problem. My guess is the original estimates for the deficit put forth by whoever (OMB?) never even imagined that we could have a 450 billion dollar deficit. Their estimates assumed a recovery by now, especially a JOBS recovery because that is where most of the money comes from, payroll taxes. As the months went by and all this offshoring went down, the deficit went up. A good economic team could have stopped the bleeding imho. Companies that over offshore are going to get burned anyway in the long run. I suspect Oracle gets knocked off (stolen) by some cheap indian knockoff, and there goes the margins.