http://news.com.com/2010-1071-992773.html The perfect storm hovering over tech By Declan McCullagh March 17, 2003, 4:00 AM PT WASHINGTON--Don't look now, but the capital's near-insatiable appetite for government spending may not bode well for technology firms. A combination of fiscal and political factors--including the pending invasion of Iraq, global concern about the stability of U.S. markets, and ballooning federal deficits--might wind up combining to trash technology stocks and further tighten the noose on venture capital. Forget last week's modest 2.5 percent rise in the Nasdaq index. What I'm talking about is the possibility of longer-term problems over the next five years with a much gloomier outlook. For this you can blame President George W. Bush's lack of fiscal restraint--and the cravens in Congress who acquiesce to irresponsible spending programs. [...] ------------------------------------------------------------------------- POLITECH -- Declan McCullagh's politics and technology mailing list You may redistribute this message freely if you include this notice. To subscribe to Politech: http://www.politechbot.com/info/subscribe.html This message is archived at http://www.politechbot.com/ Like Politech? Make a donation here: http://www.politechbot.com/donate/ ------------------------------------------------------------------------- Declan McCullagh's photographs are at http://www.mccullagh.org/ -------------------------------------------------------------------------
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