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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: limtex who wrote (36020)3/3/2002 12:01:13 AM
From: Les H  Read Replies (1) of 99280
 
the recovery is in the government spending. you know the government is 40% of the economy. they sent those rebate checks. they bumped military procurement substantially after 9/11. they gave funds to NYC, Washington DC, the airlines, etc. the states and localities spent heavily on transportation and public construction projects last year. the government has tried to kickstart the economy with spending. it's now up to the private sector since states and localities will probably have to cut back some spending and perhaps raise taxes as well.
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