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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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The damaging part of this new round of Stimulus spending, which I think in part was a needed tonic for the economy if kept lean and mean, is the fact that the USA has shot its remaining reserve of economic goodwill and financial reserves. An apt analogy would be Hitler launching the Ardennes Offensive in the winter of 44, he shot his last strategic reserves on an ill fated gamble.
HC and C&T are more systemic drags on the economy. They will change the very dynamic of American Capitalism to a more European model of the private and public business partnerships. In othere words the public is now going to be a partner in American Business.
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"Some Observer"
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