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Re: federal reserves post# 63909

Sunday, 01/12/2003 1:32:34 PM

Sunday, January 12, 2003 1:32:34 PM

Post# of 704019
Best hope for tech is for government purchase to hold the tide in 2003. Homeland security is helping. Bush should cancel the dividend handout a use the deficit to pump up tech sector spending in the public domain. IMHO most government agencies with the exception of the military have cave man software and systems.

hmm. i'd think that this is exactly what not to do, or at least one of the places where you don't want to apply a stimulus. tech more than anything else suffered from overinvestment in the past which we all pretty much now recognize as an abberation. investing more in the sector at this point will pretty much just prolong the pain of undoing that past overinvestment. otherwise, its more like keeping the patient on life support until 1999 returns ...

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