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President Obama clearly cannot run on his record. All he's offering is more of the same. That's not good. Look at the economy. It's stagnating. And so, what they're now going to try and do is bring this campaign down to little things, distractions, distortions, smear, fear, anger, frustration. ↗
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better. ↗
In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years. ↗
