From: Spudboy100@aol.com
Date: Tue Jun 10 2003 - 06:12:27 MDT
Mea culpa mea maxima culpa. But my flaws don't affect millions of people, do
they?
Dr. R. Hanson:
<<It seems to me that you are the most conservative investor there is; you
invest all of your income in immediate consumption. You want your returns
so immediate that there is not time to invest them at all. And then you
criticize other investors, who actually take a chance by putting their
income into ventures that may or may not be successful, saying they should
take even more chances than they do. Ever hear of the mote in another's eye?>
>
After viewing the behavior of most of the big corporations, with overstating
by billions the worth of their stocks; Xerox, WorldCom, TYCO, ENRON, EDS, and
the accounting firms that helped them, I suddenly don't feel so sinful.
Watching the hundreds of thousands of Information Technology jobs, that have been,
and are being Off-Shored (A phenomena that an economist might be interested
in), one can see why there is no recovery, despite multiple interest rate cuts by
Greenspan's Fed. And the folks who obtain these jobs at 1/10th the pay rate
that Americans do, cannot afford to purchase goods and services produced by
American-based firms. They are essentially outside the American economy, and thus
no American benefits-except the few who sit on boards of directors and tell
each other how much money they've saved.
My point is that the same dorks who sit on the boards of directors, and have
lied to stockholders over stock value; who send high paying technical jobs
overseas, and thus undermine the American middle class, for short-term benefits,
don't give a care about technical development, (Plasma Tech in this case)
because hey, if ya can't dazzle em' with brains, baffle em' with b.s. As Herman
Melville wrote of his 1851 work, Moby Dick; "I have written a wicked book, and
feel blameless as the Lamb.."
:-)
Mitch
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