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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: HiSpeed who wrote (17104)	1/19/1999 8:53:00 PM
From: Roger A. Babb	Read Replies (1) \| Respond to of 18691

Hispeed, I didn't say it was a good idea for the government to play the stock market, I just said it was bullish for stocks. Actually I am very much against the idea of the government controlling equities and allocating capital investment according to politics and who donates what to whom.

To: HiSpeed who wrote (17104)	1/20/1999 10:57:00 AM
From: Marconi	Respond to of 18691

Hello HiSpeed: Agreed--bad idea for the government to decide where to invest. A rule of thumb. Even the most well-intentioned fed programs become corrupted in about 10 years--where the mentality shifts to its our (the feds) money and you had better jump our hoops or else. A better alternative would be to expand Roth IRA's (millions of minds deciding--very American!!) and allow a deduction for Social Security taxes for Roth IRA activity--sticking with the traditionally byzantinely deformed tax code ways of offsets. Best regards, m BTW, I would hate to see something like the SSA funds become a football for the guys in league with those who print our money. Mr. Greenspan is a relative respite--a statesman of a banker. There will be others of much lesser caliber in the future where the allure of Washington politicking will factor in more prominently than sense, reason, and purpose.