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To: E.J. Neitz Jr who wrote (51090)	2/20/2004 3:40:32 PM
From: Ron McKinnon	Respond to of 53068

decent little break in HRT today

To: E.J. Neitz Jr who wrote (51090)	2/20/2004 4:05:36 PM
From: BWAC	Read Replies (2) \| Respond to of 53068

Very close to the truth, but totally devoid from reality. Everybody isn't a rocket scientist nor can they be taught to be one. Everybody isn't a mechanic or day laborer nor can they be taught to be one. In Greenspan's senile and sterile plush world he's been deluded into believing we can all service economy each other to wealth. Basically he's full of shit. Cause he doesn't have the first clue what 75% of the population does from day to day just to get by.

To: E.J. Neitz Jr who wrote (51090)	2/20/2004 4:28:25 PM
From: Carl Worth	Read Replies (1) \| Respond to of 53068

yeah, how dare he suggest people find a way to make themselves more employable or start their own business, what does he think, we should have a free market world economy and let these things take care of themselves, as they always do? nah, let's throw up tariffs and regulations to artificially keep jobs here and separate ourselves from the rest of the world, that has always worked so well in the past oh and let's extend welfare and unemployment benefits so even more people can sit on their butts and live off the people who actually have the initiative to get a college degree, build a business, or work hard to learn a skill that is marketable how bad is the employment situation compared to historical norms and once you factor out the artificially high employment which occurred 5 years ago due to y2k fears and the accompanied spending and preparation? the problem with all this outsourcing worry BS is that it's the same as the markets anymore, people think in terms of minutes and hours instead of months and years....the economy goes in cycles and so does employment...it was important for the government and the fed to stimulate the economy after the post y2k slowdown combined with the 9/11 shocks, but for the most part things are best left to their own cycles, with some nudging by the fed when necessary, rather than being micromanaged things were never as good as they were made out to be in 1999 and early 2000, nor were they ever as bad as people made them out to be in the past few years....likewise, the employment situation wasn't as good as people may have thought it was in 2000, and it certainly isn't as bad as people want to bitch and moan about it being now greenspan has been alive a lot longer than me, and probably a lot longer than most of the people on this thread, and he is a lot more learned about economics both from study and experience than any of us will ever be....people may try to paint him as a mouthpiece for the current administration, but he said the same things during the past administration, including his "irrational exuberance" comments....the fed has made a few mistakes at times, but it isn't possible for them to eliminate cycles, their job is to try to keep things from cycling out of control like they did in the 70's this is the greatest and most prosperous country in the world, regardless of what the cynics and doomsayers on this thread and seemingly all over SI want to say, and it will continue to be so...i know it's popular among many to whine and cry and point fingers at people in power, but when you stop the whining and predictions of the end of the world, things are pretty darn good...of course it's not near as much fun for these people to say anything positive, for whatever reason, so the BS whining and sniping will no doubt continue, albeit to less and less eyes as more people leave SI and move on to places where there is more constructive and useful stock discussion...SI is after all a place that was meant to be a forum to discuss stocks, as hard as that may be to believe at this point okay, off my soapbox, have a great weekend everyone, enjoy our great country :) carl