Word: stimulus
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...strongly the U.S. - and the world for that matter - emerges from this thing over the next six to nine months. History says the steeper the decline, the steeper the recovery, and I think we'll see that play out. In addition, we've had unprecedented amounts of stimulus, both fiscal and monetary, as well as coordination by governments and central banks around the world. I think we are going to have a very steep recovery that is going to last for another two to three quarters...
...then? As the stimulus wears off, I expect that we will flatten out in the big developed economies - not have a double dip as the economic bears would argue, but just flatten out. The thing that is different this time is that the developing countries are coming out of this thing very strongly and their own domestic demand is going to sustain them. So they are going to be an important driving force for the global economy. It's worth noting that developing economies are now 35% of the global economy. They are going to be a new factor...
...relatively few Republicans who know Rubio are quite likely to vote Rubio. Over the next 14 months, as Rubio introduces himself to the state, this race is likely to evolve from David and Goliath into a struggle for the party's soul, with a moderate populist who celebrated the stimulus with Obama at a Fort Myers rally and a conservative stalwart who opposes almost everything Obama has done. (Read "GOP Governors: Split over Obama's Stimulus Plan...
...Rubio is not a chest thumper or a fist banger, but in talks in June to a chamber of commerce in Palm Bay and the Christian Coalition in Miami, he electrified the crowds with eloquent arguments for tea-party principles. He attacked deficits in general and the stimulus in particular as Euro-socialist assaults on his kids. He clamored for term limits, states' rights and the abolition of the estate tax. He attacked government-run health care, warned that cap and trade would leave us with a "Third World economy," and noted that the words "separation of church and state...
...economy and those who trust "the guy drawing up a business plan on the back of a napkin at Denny's." In an interview, he supported the privatization of Social Security, a constitutional amendment to restrain spending and the right of schools to teach intelligent design. He sees the stimulus as a defining issue, an inexcusable embrace of intergenerational theft that exposed Crist as a Specter-style Republican In Name Only. If the Republican Party is going to be indistinguishable from the Democratic Party, why bother having one? he asked...