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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (617587)	9/3/2004 3:38:56 PM
From: Emile Vidrine	Read Replies (1) \| Respond to of 769670

"Perpetual stimulus is not possible" 1. One trillion in the pockets of the super rich is no stimulus to the American economy! 2. $250 billion spent for the sake of Israel/Zionism in 2003 and 2004 is not a stimulus to the American economy!

To: DuckTapeSunroof who wrote (617587)	9/3/2004 4:26:44 PM
From: Neocon	Read Replies (1) \| Respond to of 769670

The thing is, excess liquidity should be signaled by accelerated inflation, as goods and services are bid up. Low inflation suggests balance. You attribute that to cheap imports creating unrealistic perceptions. I do not think that suffices to explain the phenomenon. Yes, improved free trade, and therefore greater economic efficiency, has something to do with it. So does a more favorable tax environment, and deregulation. In other words, business is more efficient. But above and beyond that is the pace of technological change, and the impact of computing and telecommunications on the modern workplace. Productivity is much greater than it was a couple of decades ago.