Monday, November 15, 2010

Obama Copies Japan's Economic Mistakes

See "How to avoid Japan's economic mistakes" By Robert J. Samuelson
Monday, November 15, 2010 Washington Post

■ "Japan's mistakes that resulted in a 'lost decade' of economic growth."
■ "There is no substitute for vigorous private-sector job creation and investment"
■ "Despite massive stimulus, rapid growth hasn't resumed two decades later."
■ " government debt soared from 63 % of the economy (gross domestic product)…now around 200 percent."

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