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Politics : President Barack Obama
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To: koan who wrote (52525)3/24/2009 1:24:28 PM
From: ChinuSFO  Read Replies (1) of 149317
 
koan, I do not recall reading any alternatives proposed by Krugman or Galbraith et. al. Most of the consumers have money. BUt they are using it to only buy the necessary items items such as refrigerators, mattresses, dining room sets. They may not need a new car and hence are not ready to buy a new car.

There may be less than 10% unemployed but is it not true that remaining 90 plus per cent are employed even though some may be under employed. Or in the worst case scenario, of the 90 plus folks, 10% per cent may not be registering in the unemployed numbers because they have stopped collecting unemployment. That still leaves 80% as employed.

I know two folks (both engineers in the US construction industry) who got laid off. They are now stationed in China and India as consultants helping local companies build manufacturing facilities. Yours truly has a similar offer but had to decline because I am employed here in the US.

So there will be a lot of "Simon Cowels". We all know what "Simon says". But can Simon sing?
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