The problem is that the US, once having themselves dug in, see no way to escape from Iraq. It was bad enough to extricate oneself from Vietnam, but we need a valid Govt in Iraq, more so because the oil is there.
I suppose we can fill pages with words but at least till the election, there won't be a slowdown in expenditure. And there will be little after that as well.
The Printing presses keep on rolling so no luck there.
The US Householder is up to his/her neck into debt as well; increasing interest rates too fast will have a flow-on effect on the prices of houses so that is not on the Agenda either just now.
Gerry
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