5/16/2003

TAX CUT SCHMAX CUT Dividend break mean anything to you? Well, maybe it does. You may not know this but many companies are sitting on billions of dollars in CASH. They don't pay shareholders so much as a dime in dividend profits. The tax cut may actually force CISCO, Microsoft, and others to actually pay dividends. The way it is now if you buy one of these companies you are making a pure speculation play; hoping the price of the stock will go up so you can sell it to another sucker later; there is no other reason to buy a stock that won't pay shareholders. If companies now HAVE to pay dividends or see their share prices fall, this tax cut will be one of the best things to happen in a long time.

Commodity prices are rising. VERY GOOD NEWS.
Europe heading into recession, besides schadenfreude, there is nothing good there because the cheapo dollar is only good if Europe can buy our products.

Liberals have no news but the New York Times story, except for THIS:
Bush guilty of conspiracy to restore the economy Daschle vows fight against secret plan designed solely to defeat Democrats in 2004.

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