With respect, the forwarded article is subjective B.S.
For one thing, the info is obviously outdated (as is the case with most of
the dreck floating around the 'net disguised as "wake up calls").
The Fed has lowered interest rates THREE TIMES in the last few months, and
it has had no effect on anything, because the Fed really DOESN'T have much
effect on anything one way or another anyway! (In contrast with the
conspiracy-theory blather in the forwarded note).
The problems with the economy are by no means widespread (we haven't felt it
at all here in Houston, unless you're heavily involved in stock market
speculation which the great majority of folks aren't) but when "stuff
happens" in the media centers, meaning New York and L.A., it takes on
And the REAL problem is we've just been through eight years of living high
on the hog with no preparation for the future. The Clinton administration
had NO coherent energy policy, NO coherent trade policy, and NO concern
about anything save looking good in the here and now (that is, in the "there
Taxes are sky-high; the composite tax rate is higher than it has been in
history. Taxes need to be cut, we need to unleash the power of the system
that Ronald Reagan did in the 1980s, which was the CAUSE of the great
economic expansion we just went through.
Time for a new lease on life, and fortunately we now have a government that
just might give it to us.
William L. Polhemus, Jr., P.E.
Polhemus Engineering Company
From: Rbengrguy(--nospam--at)aol.com [mailto:Rbengrguy(--nospam--at)aol.com]
Sent: Friday, March 23, 2001 9:57 PM
Subject: Fwd: Jobs, Low wages, lost careers