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VodkaPundit

It’s the Economy, and We’re All Stupid

July 30th, 2003 - 12:09 am

Here’s Robert Samuelson on the improving (or declining) economy:

Gosh, the news seems good. People should have ample spending money. After the Iraq war, confidence indicators have increased. So have profits and stocks. Corporate debt levels have dropped — a point Greenspan has emphasized — freeing cash for plant and equipment spending. Why shouldn’t the economy get better? Well, here are a few reasons: