And there's probably an economic element to that.

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Deficit reduction is an element of an economic strategy that we think is broadly agreed upon by Democrats and Republicans.

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Therefore how on earth can the US ever hope to have breakthroughs in their economic fortunes with this vital element missing?

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He has introduced a rogue element into Republican politics: economic populism.

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This was not just through economic means, "but there was an element of it being linked to respectability and societal values", Prof Toye says.

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And that is an element of the approach he takes in his economic proposals, as you know.

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And decreased consumer spending (or decreased final demand, in economic terms) means less pricing power for companies and is yet another element of deflation.

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