Friday, January 30, 2009

FOREIGN COMPLAINTS ON THE STIMULUS BILL

Some think it is a revival of protectionism and that America is going to make other countries pay for our spending.

Few people attending the World Economic Forum question the need to kick-start America’s economy, the world’s largest, with a package that could reach $1 trillion over two years. But the long-term fallout from increased borrowing by the federal government, and its potential to drive up inflation and interest rates around the world, seems to getting more attention here than in Washington.

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