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Politics : View from the Center and Left

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From: epicure	2/6/2009 4:40:26 PM
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of 7730 Gross Says U.S. Must Spend to Avoid Mini Depression (Update1) By Kathleen Hays and Dakin Campbell Feb. 5 (Bloomberg) -- Bill Gross, co-chief investment officer of Pacific Investment Management Co., said the U.S. may slump into a “mini depression” unless policy makers spend trillions of dollars to spur growth. “This economy needs support from the government, a check from the government in the trillions,” Gross said today in a Bloomberg Television interview from Pimco’s headquarters in Newport Beach, California. “There is a potential catastrophe if the U.S. government continues to focus on billions of dollars.” bloomberg.com

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