The Weekly Standard's economic stimulus package

mike larkin mike_larkin2001 at yahoo.com
Mon Jan 27 21:37:06 PST 2003


http://weeklystandard.com/Content/Public/Articles/000/000/002/175orkwu.asp

"The recent declines in unemployment claims should soon be reflected in a drop in the unemployment rate. Corporate cash flow is rising. Productivity continues to increase, and that will inevitably be reflected in improved profit performances--real, mind you, not fictitious profits. Competitive pressures are forcing businesses to invest in obsolescing equipment, so that spending on equipment and software rose by 2 percent after falling by 10 percent in 2001. Real incomes are rising, suggesting that any consumer slowdown will be modest. About the best thing the politicians can do is eliminate uncertainty by getting on with the war, winning it quickly, and opening Iraq's oil industry to new investment. That would be a real stimulus package."

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