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Sherle Schwenninger in Bloomberg News | 'Obama-Pelosi Stimulus May Fail to Reignite Economy'

November 17, 2008
Japan's experience suggests the U.S. should be cautious about when it decides to start easing up on its stimulus programs. The world's second-largest economy raised consumption taxes in 1997 and fell back into a recession.

That's why economist Sherle Schwenninger of the New America Foundation in Washington, says talk about Obama's plan to raise taxes on the wealthy isn't ``helpful'' now. LINK


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