Re: GAS-L: According to the wise men in the US

[LINVENT@aol.com]

Dear Economist Peter,
    My $.02. The economy was is and will be suffering from exportation of our 
money supply for overseas purchases period. Continuing red ink in the balance 
of trade category. We cannot sustain a strong economy on pure services. The 
rebuilding of NYC will stimulate the economy there quite dramatically for a 
short period oftime. 
    A stock broker today told me that the gov't needs to cut interest rates 
further and reduce the capital gains. There were people in his office who had 
not gotten a commission check in 7  months. The investors had to pay such a 
high tax rate on their income from stocks that they had no money left over to 
invest. Of course, he did not say that many took baths in the dot com fiasco. 
    If you look at the economy, the reason it isn't growing is everyone has 
what they need. The autos, washing machines, refrigerators, computers, etc. 
etc. are adequate. The supply of goods is a buyer's market. Used cars are 50% 
of value they have historically been. Glutism is almost as bad as deflation. 
    An answer: Stop importing everything, gut NAFTA, WTO, etc. Bring our jobs 
and money back here. I told a staffer of Senator Bingaman's office (Senate 
Appropriations Committee, I think Chair of the Energy Committee) that if we 
mandated a 10-15% reduction in imported oil in 5 years, it would have greater 
impact on the Mideast than sailing all of our aircraft carriers into the 
Persian Gulf. She agreed, but said we have 99 more senators to convince of 
this. 
    Anyhow, our government will do it's thing and like the frog who is put in 
a pot of cold water and slowly brought to a boil, will die because by the 
time it realizes that he is in serious trouble, he will be too weak to jump 
out. If he is put in boiling water, he will jump out. 
    Remember we were worrying about tapping social security a couple of weeks 
ago, now what are we tapping? Hopefully, we will begin printing huge amounts 
of money and send worthless dollars overseas in return for valued products. I 
wonder what the M1 and M2 are. 
    Anyhow, Senator Bingaman is a fan of alternative and renewable energy and 
has added funds for this which is currently stalled in Congress so we can 
pursue the heathens and diffuse our valued resources rattling sabres and 
testing our readiness. 


Sincerely,
Leland T. Taylor
 President
 Thermogenics Inc. 
7100-2nd St. NW, Albuquerque, New Mexico 87107 
phone 505-761-1454 fax 505-761-1456
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