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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (93244)	1/23/2009 7:23:32 AM
From: westpacific	5 Recommendations Read Replies (2) of 116555

Ms. Schwartz also had some harsh words for President-elect Barack Obama's proposed $775 billion stimulus package, which includes tax cuts and rebuilding crumbling infrastructure. "How can the federal government become a repairer of bridges and a builder of roadways? Which people does the government have at its beck and call with the technical knowledge and ability to perform these real economic requirements?" Ms. Schwartz asked. "They will spend a lot of money on these programs when the government has no real ability to manage them or execute them." Japan's massive infrastructure spending program in the 1990s failed miserably, she said. "They destroyed the landscape by pouring concrete all over," she said. "It was just a waste of money; it didn't produce anything useful. It didn't work." ____________ Mish; sound like Japan. Let me add one more point; US has 300B barrels of oil in Montana; pools of it and 2T in Alaska. The US is far from broke! They are using up everyone elses first; part of the Control the World plan, along with GMO. We have reached peak oil and this resource will grow in value every decade! The Dollar IS the only option; they will not let gold change that! They will confiscate and revalue before that happens! Congrates Mish!!! West

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