If you stimulate the economy by means of a tax cut, the people that you tend to be benefiting are the better off.
A dramatic unwinding of that relationship [between USA and China], by way of an aggressive trade policy, is one of the nightmare scenarios for the global economy as a whole, because it would result in a spiraling depreciation of the dollar, a surge in American interests rates, a collapse in the market for American government debt.
There was a bridge to the 21st century, and yet, somehow, for very large number of Americans, it was unclear how you got from one place to the other, from being a manual working-class man to being some part of a Brooklyn-based sharing economy.
The United States and China have both beefed up their naval presence in Southeast Asia, leading to fears of a military confrontation. This is just one example of China flexing its military muscle in recent months, and it coincides with a slowdown in the nation's economy.
What we do have is a gigantic matching tax-cutting program as a way of stimulating the economy.
Follow AzQuotes on Facebook, Twitter and Google+. Every day we present the best quotes! Improve yourself, find your inspiration, share with friends
or simply: