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Politics : Formerly About Applied Materials
AMAT 230.00+1.7%10:00 AM EST
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To: Katherine Derbyshire who wrote (24988)10/7/1998 9:03:00 PM
From: Big Bucks  Read Replies (1) of 70976
 
Katherine,

Unfortunately, the equation comes down to "survival of the fittest"
(and smartest) concerning the potential global impact on the US
economy. When faced with few good choices, one is usually forced
to choose the "lesser of two evils". The choices as I see them are:

1. Founder around without a rudder, and risk being dashed on the rocks by global economic circumstance due to ineffective/waffling
leadership unable to control the imbalance of trade, while potential
profits that could be made by US producers go overseas. The repercussions would be deflation, job loss, economic chaos/business closings, loss of productivity, and general social upheaval as was
present during the 80's and early 90's. Also a weak/diminished US
would just make the global economic problems worse, since the US
wouldn't be importing as much any way due to decreased wealth and
reduced discretionary spending by consumers.

2. Take firm and decisive measures to insure the well being of US
economic interests which would reduce the time required for global
economic recovery. This would act as a secure economic base to help
our trading partners to recover once they have gotten control of their economic problems.

This is a time to show true global economic leadership and self
control. It will be unpleasant but necessary, as most "cures" are.

Just my opinion,
BB
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