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Monday, February 28, 2005

Even Wall St. Doubts Administration Privatization Numbers 

While not wanting to link to paid subscription material, I’d encourage anyone who wants to dig to check out the numbers Mark Whitehouse at the WSJournal comes up with when asking Wall Street prognosticators, compared to reading the work of privatization shills.

Apparently, the numbers being used by the Administration to project stock price growth are based on 1802-2004 growth… yeah, the entire industrial revolution. Kinda’ gives new meaning to the term ‘optimism,’ eh?

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