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

To: Lizzie Tudor who wrote (65358)	4/1/2004 12:40:32 PM
From: GVTucker	Read Replies (1) \| Respond to of 77400

Lizzie, RE: If there was another recovery where the US economy created a total of 144K jobs per quarter, or 1K jobs in December and zero jobs every other month, I would buy this. Yes, jobs are a problem. But the problem isn't the jobs that are getting destroyed. That is happening just as it always happens in our country. The problem is that new jobs aren't getting created. Now I suppose you could say that this is related to outsourcing, but I don't see it. Instead, it is pretty apparent to me that there is a huge amount of spare capacity in our economy right now, and there isn't much business investment to absorb that capacity. Without business investment, there is no incentive to create new jobs, which would ordinarily happen at this point in a recovery. The economy got jump started by the consumer. That isn't too inconsistent with nascent recoveries. But without business investment, the recovery isn't sustainable. States like Ohio and Michigan aren't wailing over the software industry. And they are indeed wailing. States like Ohio and Michigan have been wailing for about four decades now. Heck, look back at this Kennedy campaign speech back in 1960: jfklink.com It doesn't sound much different than the wailing right now, does it? Our economy has done just fine since then.