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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Mighty Mizzou who wrote (58090)	12/15/1998 9:40:00 PM
From: ibrandybuck	Respond to of 61433

Makes sense, Mighty, et.al. Problem is almost no one in Washington is making sense, right about now. I've taken about half my money off the table, hitting ASND a bit harder since its valuation is relatively high right now. I agree that the House is trying to use this as the ultimate censure. But that genie won't go quietly back into the bottle, if they let it out. What was once unthinkable is now highly thinkable and can now be practiced with considerable regularity. We're engaged in openly partisan warfare and we're laying the seeds for revenge. At the same time, we're in the process of lowering to bar of impeachment, basically saying that lying, failure to cooperate satisfactorily with an investigation, and vague "abuse of power" are impeachable offenses. Every politician I can think, now and during the last two administrations has just been defined as impeachable, including our last two Presidents (anyone remember Iran-Contra?). All I have to do is get enough people to call for blood often enough, loudly enough and accompany these calls with enough investigation, litigation, and a few perjury traps, and we're in business. I'm not sure tempers will die down anytime soon on this one. It's not the public's tempers I'm worried about, most of us find it difficult to care. It's the politicians tempers I'm worried about. These guys were bad enough before, but now they're going to start eating each other alive. I fear we're liable to see something much worse that a healthy stalemate in the months and years ahead.