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I feel annoyed at what they're spending money on, but that's another thread.
All I'm asking is: when do the serious repercussions begin? Other than Bill Clinton's "I stepped in it, let's take credit" moment, our government has been running things the same way for decades.
The dollar weakening is first semester macroeconomics stuff--no big deal. What's the unemployment rate? It's great, that's what it is, in spite of all the doom and gloom. Thank god we don't have to make our own sneakers and can buy them from China, we don't have the labor to spare.
The economy bears a strong resemblance to 1996. Again, the financial press should take a week off and go read what they wrote in the mid-80s, and in the mid-90s. Nobody has any memory on this topic, especially the people who make the dire forecasts that never seem to come true.
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