…It’s a floor wax anda dessert topping. The key point here is that household holding gains on corporate equities far outstrip corporate saving, and not just over the short term….

…the GOP attempt to label the Dems as the tax-and-spend party, the GOP turned out to be the tax-cut-and spend-anyway party. Government grew under Bush, even while revenues shrank. The…

…did not lower national savings and hence are not responsible for the current account deficits; and (b) that reducing government spending would increase national savings and lower the current account…