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Subject:  Re: Time for a Few Small Repairs Date:  1/23/2008  3:45 AM
Author:  DemonDoug Number:  27318 of 533

Kopp: there is another fundamental difference this time that is worse than last time.  Back in 2000-01, we had a budget SURPLUS, the national debt was actually decreasing, and individuals and the country had built up equity.  Tax cuts and huge stupid credit expansions later, we have no room to stimulate the economy.  Also, banks are leveraged up way more than they were then, which will intensify losses.
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