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Post by The Great Aztec Joe on Sept 7, 2010 8:17:55 GMT -8
Believe it or not, the key to any US recovery is the attitude of the populace. We are seventy percent a Service Sector Economy. A SSE requires people to spend to help create employment.
People spend when they feel secure in their employment position. If Obama's policies make enough people feel safe we will have recovery.
Remember manufacturing is less than twenty percent of our economy. It plays a minor part in our recovery. SSE jobs are the Biggie.
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Post by aztecwin on Sept 10, 2010 14:05:40 GMT -8
As you can see to date, Obama has not been able to instill any confidence in the private sector economy. If you mean spending within your means with a sane savings rate, we agree. If you believe in spending like the government with not much useful product to show for it and at a huge unsustainable deficit, we part ways. We need same spending in our personal life and in all levels of business and government to improve the health of our economy. Krugman and Obama would have been well cast in the movie "Dumb and Dumber" with Geitner in a supporting role.
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