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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (65351)	4/1/2004 12:07:06 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

My belief is the number of jobs outsourced is closer to two million. And if this trend manifests itself into 50% paycuts for the white collar workforce in the US, then it is significant. I'm not going to go too far down this rathole though because I know guys like you want desperately to make a case that jobs don't matter. Just like Elaine Chao on cnbc at the last jobs report. Chao: "the stock market is the ultimate marker for the US economy". Well, ok the day after the last jobs report we got a nasty, grinding multi hundred point loss in the nasdaq. Jobs matter, wealth of US citizens matter and with no jobs come deficits galore just like where we are. BTW I am waiting for a revision upward in the deficit as soon as the 03 tax rolls come in. We currently have a 550 billion dollar deficit with another 100 billion or so waiting in the wings for Iraq. All this from surpluses 3 years ago, also medicare is broke as of 2020 now. Oh yeah that dang 911 caused it.