Apple Inc (AAPL)

[roni]

State budget woes

Yep, we've been talking about that for the past year in relation to Apple. Increased demand for Pro models with the G5 might help mask some of the drop, but the states are in big trouble--and the federal response is more tax cuts for the wealthiest Americans. The class war has been temporarily won, by the wealthy, but in the process they are killing the golden geese (the labor force) that is in no small part responsible for the creation of the golden goose. They are killing it through the chronic underfunding of education, by cutting off access to higher education by forcing public colleges and universities to go to tuition for an ever increasing portion of their funding (a trend that started during the Reagan administration), and by allowing the physical infrastructure of the country to deteriorate.

It is short-sighted.

Ron