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Politics : President Barack Obama

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To: RMF who wrote (50296)2/9/2009 10:17:31 AM
From: LLCF1 Recommendation  Read Replies (1) of 149317
 
Yes, I get your point, and agree that manufacturing in this country will increase in the future. But I disagree with the outlook both economic and currency.

IMHO the economy is in MUCH worse shape than most imagine. There is little employment in sectors that are meaningful going forward... the 'service economy' took over and is almost completely expendible unless the government saves it.

The number of dollars floating around the world (ie. already printed) couldn't possibly be spent here except to buy assets (not stimulative). The "size" of the economy you mention is interesting... what do you mean "size? As far as number or workers I don't see many jobs that arent' expendable... ie doing things people REALLY need.

Service industries don't have assets, so real estate or commodities (they've already been told to go home when they tried to buy exxon). I suppose a couple million chinese people moving here into vacant homes would be stimulative.

DAK
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