The Markets Yawn

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Hearing Dubya propose a “growth package” on January 18, I got the queasy feeling that he didn’t know what the hell he was talking about. Okay, perhaps he was reading platitudes probably written by someone else.

I continue to get the same feeling when I hear Robert Reich, a decade ago in the Clinton administration, now mostly on NPR; but unlike Dubya, Reich writes his own stuff.

As soon as Dubya finished, the reporter on Bloomberg radio said that the financial markets had “little change.” Millions of investors around the world responded implicitly and yet definitively.

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