The Jaker

Mostly rational politics, with occasional rants about how a few crazy Republicans are ruining the country.

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Monday, December 20, 2004
Concerted Policy Needed to Solve Looming Economic Crisis
An piece in yesterday's Times nicely lays out the economic problems with the current state of affairs (high budget and trade deficits, low dollar). It likens todays situation to a similar one faced by Reagan in 1985 (difference is dollar was overvalued) and discusses how Reagan set a concerted course to improve the circumstances with proactive policy.

For the short version, print out and start reading at the top of Page 2 - the paragraph that starts "In broad schematic terms...".
posted by CB @ 5:17 PM  
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