Kerry is a pilot?

"Tom Sixkiller" wrote in message
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"Tarver Engineering" wrote in message
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"Tom Sixkiller" wrote in message
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Up to this one I was just going to say, oh well, we just disagree.

Even my Republican friends complain that Bush's economic policies
are
disasterous. The Dem's used to be labeled "tax and spend". The
Republicans,
under Bush, are the "borrow and spend" party.

Reflation was an absolute necessity, otherwise America was headed
into a
decade long downturn like Japan.

www.mises.org/fullstory.asp?control=1363

Except reflation has worked this time.

Worked? It's preventing the re-alignment that the economy desperately
needs.

The only thing preventing a realignment of the economy is Japan's heavy
intervention in currency markets. The EU proclaimed their intent to
intervene to stop the dollar realignment last week.

What fails is Socialism as Reflation. Under that condition you get a
permanent Depression; like FDR.

http://www.mises.org/fullarticle.asp...d=298&month=12

Your second article misses the point entirely. Japan was willing to
lend
money, but unwilling to accept imports. That combination makes it
nearly
impossible to pay back Yen. Dollars are easy to earn and pay back.

No, you're missing the point. It's not imports/exports or any such that
stomped Japan and keep them in the economic sewer for a dozen years.

Sure it is. Japan went out and loaned a lot of Yen in Asia and made it
impossible to pay Yen back. That was way dumb.