He should just go AWAY!
FT.com / Comment / Opinion - America needs stimulus not virtue:
The Obama administration’s insistence on fiscal rectitude is dictated not by financial necessity but by political considerations. The US is not in the position of Europe’s heavily indebted countries, which must pay hefty premiums over the price at which Germany can borrow. Interest rates on US government bonds have been falling and are near record lows, which means that financial markets anticipate deflation, not inflation."
Tuesday, October 05, 2010
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