Despite z06_pit's heavy sarcasm, he has a point.
He's touched on something that's been bothering me too. Even with the space elevator, by the time you reach GEO, you are moving at a substantial velocity around the Earth (orbital velocity, in fact). This transverse velocity does not come free. As he says, it must be imparted upon the rising payload.
In the space hose, you don't have that rigid structure's ability to impart transverse velocity on its payload. You'll have to account for that.