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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (32830)	2/16/2009 4:39:17 PM
From: TimF	Read Replies (1) \| Respond to of 71588

According to the median estimates of 14 economists in a survey released Friday by Bloomberg News, the world’s third-biggest economy will expand 6.6% in the second quarter after slowing to 6.3% in the first quarter. According to estimates. Estimating is easy, getting it right, not so much. And perhaps more importantly, those estimates show a .3% difference in growth rate for one quarter. Not exactly a very effective point on which to base an argument for large stimulus packages, even if we could assume that the estimates are correct, that the change will be because of the stimulus, and that what works in China will work in the US. None of those three are safe assumptions, but even if they where absolutely certain the argument would be weak.