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Strategies & Market Trends : India Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (362)	2/29/2004 11:06:43 AM
From: Sam Citron	Read Replies (1) \| Respond to of 2517

the relationship between the loss of blue collar jobs and the resulting destruction of the stable family lifestyle they supported and the prison population is difficult to quantify I fail to see how Paul's job loss takes him or anyone else to prison. Our out-of-control prison problem is largely the result of misguided laws related to drugs and mandatory imprisonment for repeat offenders of minor crimes. I just want to adjust the profit that can be made from selling the output in the US to reflect the use of foreign labor instead of domestic. (1) Is it foreign labor if a lettuce grower uses "undocumented aliens" to pick the crop or if your favorite restaurant uses them to wash dishes? (2) What about a tariff on "foreign" computer chips? The deficits caused by war and tax cuts for the wealthy will extend indefinetely [sic] and put pressure on domestic programs that are ever more necessary to support lower and middle class workers and retirees and their families. The war may have been a costly mistake but it's possible that valuable lessons will be learned. The tax cuts were a less efficacious stimulus than would have been provided by transfer payments to individuals with a higher marginal propensity to consume, but their permanence is not assured. These errors are recoverable. This recovery is progressing without the usual increase in employment. This is true. Perhaps the lag is longer this time around as a result of the the drain of the continuing "war against terror" and or Iraq, the misguided tax policy you mentioned or the recent bubble aftermath. Perhaps it also reflects some regional or other disadvantage that the US may suffer relative to Japan in selling to the burgeoning economies of India and China. The continued downward pressure on the dollar may eventually be the cure. Sam