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Strategies & Market Trends : The New Economy and its Winners

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To: greenspirit who wrote (30770)	11/5/2006 9:07:36 AM
From: Mary Cluney	Read Replies (1) of 57684

Is there something missing in this data Yes. The budget deficit. We are using borrowed money to buy things and to give the very rich a tax break. If we are going to borrow money, we should spend it wisely. Instead of giving it away to Bill Gates, Donald Trump, and the other very rich people who don't need the money - they know how to make money. Leave them alone. They will do fine under any circumstance. We should give away more of this money to the middle class and the very poor. They need the money and they will spend it on the things they need. The money will quickly go back into the economy. We should also spend some of this money on helping workers dislocated by globalization. This dislocation is inevitable, but we need to help those effected to minimize the pain. If we are going to borrow money, we should spend it wisely and not just give it away to the very rich and wish for some voodoo economic notion to occur. It is just like Katrina and the War in Iraq. There is a role for government to manage things wisely. Leaving it to some higher authority will not cut it.

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