James Pethokoukis @ US News & World Report writes:
>> continue reading @ Capital CommerceI sat down this morning for a chat with Mitt Romney here in Washington. (He's in town to give a speech today at the Conservative Political Action Conference.) I am going to post the interview later, but one thing struck me right away. He really understands the dynamics of our current economic problems. Here is one snippet:
This is a downward spiral where you have two elements encouraging the other down a steep slope. On one side you have the collapse of the stock market and housing market which means Americans have less net worth and feel poorer and as a result they buy fewer things and as they buy fewer things, business see greater losses and that depresses the stock market even further and this a self-actuating downard spiral.
'Why Mitt Romney Gets It'
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