To: stock bull who wrote (65879 ) 8/5/2004 9:06:41 PM From: Amy J Read Replies (2) | Respond to Hi Stock Bull, like you, I don't understand why WS reacted the way it did a week ago to the idea of having a Dem in the WH, when history has shown many Dems have done pretty good things for the stock market. GV's post about my opinion on this was accurate. Maybe the markets were factoring in some of Edwards earlier comments about offshoring, which he has toned down. I think Edwards probably realizes he can't kill American corporations when he takes a hard look at the competition outside and sees what they're doing. The key is to avoid any rash moves that ultimately hurts everyone in this country. Companies like Samsung produce semiconductor chips with only 1/4 the number of employees at 1/2 the revenue of Intel, maybe due to offshoring or something else. Could you imagine their salaries going down by 1/2 to match Samsung's if Edwards said no one can develop overseas? People would probably prefer offshoring to help support their American wages. (Intel has divisions overseas actually to get into large markets.) ajr.org
