My main point, however, has to do with economic rhetoric.
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EMU's route from rhetoric to economic blueprint was a familiar one, if unusually swift.
In part that's because the circumstances he now faces are not just a long long way from the sunny optimistic rhetoric which preceded the economic crisis, but also a long long way from the economic recovery he once believed would be well under way by now.
Some privately admit that the administration--despite its pro-middle class rhetoric--has adopted an economic program that makes Ronald Reagan seem like the vox populi.
Spanish employment data, hedge fund selling, and political rhetoric over a strong single unit causing economic problems are only some of the issues that this 17-member currency club is dealing with this morning.
Freshman legislators hide behind hard nosed rhetoric that if parsed through in terms of economic consequences leads to a deep recession that lasts and lasts.
By elimination, Ms. McCloskey concludes that culture and rhetoric are the only factors that can account for economic change of the magnitude we have seen in the developed world in past 250 years.
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Anyone paying attention who believes the rhetoric of either candidate would be forgiven for guessing that economic disaster is a 50-50 proposition (given that the polls are about evenly split).
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Their rhetoric often implies not only that lower tax rates stimulate economic activity and tax revenue and that that higher tax rates depressed economic activity and tax revenue, but they often go further and imply that any change in tax rates would be so powerful as to have Laffer-curve effects.
Earlier this year, Obama went on the defensive after his top economic adviser told Canadian officials not to read so much into his political rhetoric.
Adding that he thought the rhetoric was "within acceptable limits, " Specter told reporters that economic and political anxieties have created a "level of anger in the country" that has not been seen since the Great Depression.
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"Senator Kerry's dishonest political rhetoric cannot hide his pessimistic, jobs-killing policies of tax increases and economic isolation, " McClellan said.
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