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Politics : Formerly About Advanced Micro Devices
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To: Joe NYC who wrote (456816)2/16/2009 9:19:49 AM
From: combjelly  Read Replies (2) of 1575981
 
"A happy coincidence is that we are in the middle of a deflation."

Which is why no one is worried about it. At least for the short term. Depending on how long major deficit spending continues, it could be a long term problem. Including devaluing the currency.

"The problem with this priming of the economy is 2-fold:"

Granted, we aren't in the best possible position. But we have few choices. They are going to have to start nationalizing banks soon, although they will no doubt call it something else. And that will throw things into turmoil.

"I think the way to stimulate the US economy is by encouraging domestic production and discouraging consumption of imported goods."

That is a long term solution. The only way to do that in the short would be through tariffs and protectionism. And that would only make the problem worse. That is a good goal, but first we need to get there from here.
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