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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (116369)	7/23/2009 8:06:05 PM
From: Bearcatbob	Read Replies (2) \| Respond to of 542059

John, It is easier to retype than to find. The concept is to think of the US economy as a race horse. If we add weight to the race horse it will slow down. If we add burdens to the US economy without counter balancing weights the economy will slow down (like handicapping horse races). I see the government adding burdens to the horse and expecting it to deliver growth and jobs. Team Obama has been all about adding burdens - while promising a faster horse. I do not think it is going to happen. This will then throw the deficit projections to even a worse place. The delay in the mid year budget review is one indication of the this. We have new energy price uncertainty. We have new labor price uncertainty. We have legal uncertainty. The only positive I can think of is low interest rates and easy money for a select few. Bob