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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (12520)	10/16/2003 2:24:33 PM
From: Nadine Carroll	Read Replies (1) \| Respond to of 793587

Lizzie, the facts I quoted about the stock market are just that - facts. There's been one helluva washout in the stocks that soared in the bubble, the floor is littered with former high-flyers now dead, penny stocks, or acquired at fire-sale prices. To say "they're all back to former highs" is just not true. It's a very very different market today than in 1999. Don't be mislead by the DOW. Let me assure you that I have held this view of the stock market since 1998/99, when the mania became obvious to me (thanks to reading & talking with many knowledgeable people right here on SI). It is not a partisan view (I didn't even vote for Bush in 2000), and if it holds any politician up for scorn, it's Alan Greenspan (& yes I use the word "politician" advisedly though he holds no elected office). You have every right to see it differently & to note that Bush supporters now like this view of things. But it's not why I like it. I don't think Bush should have asked for that money to rebuild iraq's infrastructure. Seems like a very bad political call to me. Lend-Lease was also a very bad political call for FDR in 1939. But he thought it was necessary anyway.

To: Lizzie Tudor who wrote (12520)	10/16/2003 2:24:42 PM
From: DMaA	Read Replies (1) \| Respond to of 793587

Do you feel no sense of threat from terrorism? If you wake up in the morning and read that 2 million people have been killed by a dirty bomb on the east cost, will it come as a complete shocking surprise to you? It is fear, pessimism and relentless war mongering that has allowed that fear to become pervasive in the US.

To: Lizzie Tudor who wrote (12520)	10/17/2003 1:50:48 AM
From: D. Long	Read Replies (1) \| Respond to of 793587

I see it differently, I think this economy would be on fire right now if it weren't for all this offshoring of jobs. Offshoring of what jobs? Call center jobs? Sweat-shop code houses? There was no "fire" to begin with. Alot of get-rich-quick dreams seemingly coming true, maybe. Web speculation drove the tech bubble. Anybody with a website and a promise of an advertising revenue stream was getting VC capital and an IPO. It was smoke and mirrors, Lizzie. Derek