Cali_Democrat
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Thu Oct-29-09 12:04 PM
Response to Original message |
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Edited on Thu Oct-29-09 12:05 PM by Cali_Democrat
Personal incomes continue to fall. Median household income has been stagnant for almost 9 years now. Inflation has increased as the prices of goods an services has risen. Essentially we have gotten poorer since 2000.
GDP growth has not benefited average Americans one bit. It has only benefited the top 1%.
Our economy is a joke as we continue to shed hundreds of thousands of jobs a month.
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| -Recession ends in US as GDP grows 3.5% in 3rd quarter |
tritsofme |
Oct-29-09 07:32 AM |
#0 |
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Yeah ...... then and now ...... |
Stinky The Clown |
Oct-29-09 07:41 AM |
#1 |
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Neither of which determine a recession's beginning or end |
dmallind |
Oct-29-09 07:47 AM |
#2 |
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No it should not. |
DireStrike |
Oct-29-09 08:48 AM |
#16 |
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But what you want is not relevant to the end of a recession |
dmallind |
Oct-29-09 09:10 AM |
#23 |
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"You want good things, but that's irrelevant." |
Stinky The Clown |
Oct-29-09 10:57 AM |
#34 |
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+1 |
neverforget |
Oct-29-09 11:04 AM |
#40 |
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Why is it NOT irrelevant to when a recession ends? |
dmallind |
Oct-29-09 12:03 PM |
#70 |
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I'm taking issue with your monumentally insensitive statement. |
Stinky The Clown |
Oct-29-09 12:22 PM |
#80 |
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That definition of a recession is what's irrelevant |
DireStrike |
Oct-29-09 12:24 PM |
#84 |
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The GDP is the measure of a recession, without positive GDP there will be no new jobs |
vadawg |
Oct-29-09 07:50 AM |
#3 |
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Very true. But we still need real jobs |
TornadoTN |
Oct-29-09 07:58 AM |
#7 |
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You forget the "jobless recovery" one where GDP goes up without |
Raineyb |
Oct-29-09 11:12 AM |
#44 |
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"GDP only really measures consumption" |
A HERETIC I AM |
Oct-29-09 12:19 PM |
#78 |
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GDP=Consumption, Investment, Government purchases and net exports |
Raineyb |
Oct-29-09 01:39 PM |
#99 |
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I suppose we could debate definitions all day..... |
A HERETIC I AM |
Oct-29-09 03:15 PM |
#107 |
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I see no reason to debate definition. I got mine from an economics |
Raineyb |
Oct-29-09 07:12 PM |
#111 |
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How much longer before new jobs follow? |
rucky |
Oct-29-09 07:53 AM |
#4 |
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Jobs will lag probably until the Spring/Summer of '10. |
tekisui |
Oct-29-09 08:43 AM |
#12 |
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Historically unemployment peaks 6-9 months after GDP turns positive. |
Statistical |
Oct-29-09 10:31 AM |
#26 |
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And an assumption of continued GDP growth. |
rucky |
Oct-29-09 11:24 AM |
#48 |
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Agreed. |
Statistical |
Oct-29-09 11:41 AM |
#57 |
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For me recession only ends when my IT salary goes back to the real value it had |
conspirator |
Oct-29-09 07:56 AM |
#5 |
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The Recession will not end until real jobs are created |
TornadoTN |
Oct-29-09 07:56 AM |
#6 |
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Obama has turned the boat 90 degrees yet many DUers complain that it wasn't turned 180 degrees... |
Dawgs |
Oct-29-09 08:05 AM |
#8 |
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I give Obama credit and leeway on this one. |
tekisui |
Oct-29-09 08:44 AM |
#13 |
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yes. but then i have never pinned this on obama and thought he could snap fingers and fix |
seabeyond |
Oct-29-09 08:46 AM |
#14 |
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The Reagan "era" set the stage for all the bullshit we have endured |
SoCalDem |
Oct-29-09 08:59 AM |
#19 |
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agreed. regan started the destruction, socially, economically, culturely and corporate. |
seabeyond |
Oct-29-09 09:03 AM |
#21 |
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The report is full of bullshit |
AllentownJake |
Oct-29-09 08:50 AM |
#18 |
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per bbc... umemployment needs to lower, consumer confidence grow... not happening ergo |
seabeyond |
Oct-29-09 08:11 AM |
#9 |
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A Recession is a technical definition. |
Statistical |
Oct-29-09 10:34 AM |
#27 |
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+1 |
gmoney |
Oct-29-09 12:41 PM |
#93 |
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Read the (not so) fine print |
DFW |
Oct-29-09 08:15 AM |
#10 |
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Jobs, wages, personal income, and net wealth all tend to lag a recession. |
Statistical |
Oct-29-09 10:52 AM |
#31 |
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Make sure to keep those cameras pointed away from the empty neighborhoods... |
Orsino |
Oct-29-09 08:17 AM |
#11 |
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Freepers scratching their heads |
Kingofalldems |
Oct-29-09 08:46 AM |
#15 |
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I'm scratching my head |
AllentownJake |
Oct-29-09 09:05 AM |
#22 |
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This is report is full of bullshit |
AllentownJake |
Oct-29-09 08:48 AM |
#17 |
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It's expected for personal incomes to not rise |
StrongBad |
Oct-29-09 01:54 PM |
#102 |
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Growth is entirely being moved by government spending |
AllentownJake |
Oct-29-09 03:21 PM |
#109 |
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It's a start but we'll have to see what the fourth quarter brings, and remember |
WI_DEM |
Oct-29-09 09:00 AM |
#20 |
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Recommend |
TexasObserver |
Oct-29-09 09:39 AM |
#24 |
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Read the report Texas |
AllentownJake |
Oct-29-09 10:16 AM |
#25 |
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The report doesn't show anything unusual. |
Statistical |
Oct-29-09 10:39 AM |
#28 |
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Well I'll go line by line the areas that caught my attention |
AllentownJake |
Oct-29-09 10:56 AM |
#33 |
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1.6% inflation is GREAT. |
Statistical |
Oct-29-09 11:02 AM |
#39 |
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Inflation is going to start to increase |
AllentownJake |
Oct-29-09 11:09 AM |
#42 |
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This is one of the few concerns we share. |
Statistical |
Oct-29-09 11:36 AM |
#54 |
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It be one thing if they just did this in US banks |
AllentownJake |
Oct-29-09 11:39 AM |
#56 |
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Well Fed can make it very very very expensive for foreign banks to hold that liquidity. |
Statistical |
Oct-29-09 11:45 AM |
#59 |
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Volker had more balls to do the right thing |
AllentownJake |
Oct-29-09 11:48 AM |
#63 |
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Very well said, and highly accurate. |
TexasObserver |
Oct-29-09 11:02 AM |
#37 |
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Yes. Spending up, savings down. Inflation up. Gubmint spending up. |
TexasObserver |
Oct-29-09 11:10 AM |
#43 |
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We will know the direction of the ship |
AllentownJake |
Oct-29-09 11:14 AM |
#45 |
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The purpose of rich lighter in the fireplace is to catch the big logs on fire. |
TexasObserver |
Oct-29-09 11:27 AM |
#49 |
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I'm not much for analogies |
AllentownJake |
Oct-29-09 11:31 AM |
#50 |
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Your use of "It is a symbiotic relationship which has turned parasitic" suggests otherwise. |
TexasObserver |
Oct-29-09 11:43 AM |
#58 |
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Financial Services accounting for 40% |
AllentownJake |
Oct-29-09 11:47 AM |
#61 |
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I agree with you on that 100%. |
TexasObserver |
Oct-29-09 11:53 AM |
#64 |
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No business is trustworthy |
AllentownJake |
Oct-29-09 11:58 AM |
#67 |
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I wonder how they'll spin "forgive us our debts, as we forgive our debtors." |
TexasObserver |
Oct-29-09 12:06 PM |
#73 |
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These people abandoned Christ 30 years ago |
AllentownJake |
Oct-29-09 12:09 PM |
#75 |
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Actually, the issue you cite as reason to call people who don't see it as you do as being stupid ... |
Stinky The Clown |
Oct-29-09 10:42 AM |
#29 |
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However in society we use definitions. |
Statistical |
Oct-29-09 10:49 AM |
#30 |
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I stand by what I said. |
Stinky The Clown |
Oct-29-09 10:53 AM |
#32 |
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Nobody is rah rah rah but there is no depression. |
Statistical |
Oct-29-09 10:57 AM |
#35 |
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Stand on the corner of .... mmmmm ......... Woodward and Adams and say that |
Stinky The Clown |
Oct-29-09 11:02 AM |
#38 |
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There's a single definition of a recession? |
NoGOPZone |
Oct-29-09 10:59 AM |
#36 |
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Characterization arguments are completely counterproductive. |
Romulox |
Oct-29-09 11:21 AM |
#47 |
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Well it does. |
Statistical |
Oct-29-09 11:33 AM |
#52 |
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Do you "get it" and argue for the intellectual stimulation or do you actually not get it? |
Stinky The Clown |
Oct-29-09 11:48 AM |
#62 |
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I didn't say the people are stupid, although I notice you seem to think I was talking to you. |
TexasObserver |
Oct-29-09 03:22 PM |
#110 |
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Hey TO: Why do you studiously avoid threads like the following? |
Romulox |
Oct-29-09 11:20 AM |
#46 |
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Geither is a douche nozzle who is owned by nefarious interests. |
TexasObserver |
Oct-29-09 11:32 AM |
#51 |
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To do other than pay AIG's bonuses, counterparties et al could've been bad for GDP... |
Romulox |
Oct-29-09 11:57 AM |
#65 |
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What do you think are my "two arguments"? |
TexasObserver |
Oct-29-09 12:03 PM |
#69 |
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... |
Romulox |
Oct-29-09 12:13 PM |
#76 |
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There's nothing there that needs reconciling. |
TexasObserver |
Oct-29-09 12:23 PM |
#82 |
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The TARP is not connected to GDP growth? Really, this is the argument you'll hang your hat on? |
Romulox |
Oct-29-09 12:24 PM |
#83 |
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Your perceptions are bizarre and unsupported. |
TexasObserver |
Oct-29-09 12:28 PM |
#85 |
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I asked you to reconcile your two quotes (to this same thread!) There's still time! |
Romulox |
Oct-29-09 12:30 PM |
#88 |
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I'd love any comments from 3rd parties. Is it "bizarre" to connect stimulus, TARP to GDP growth? |
Romulox |
Oct-29-09 12:29 PM |
#87 |
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Which part of "I never said that" are you incapable of processing? |
TexasObserver |
Oct-29-09 12:32 PM |
#90 |
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Your words: "You have a bizarre way of connecting things that are not connected." |
Romulox |
Oct-29-09 12:34 PM |
#91 |
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There's nothing about the two quotes you lifted that need to be reconciled. |
TexasObserver |
Oct-29-09 12:49 PM |
#94 |
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Either the TARP/Stimulus monies were misapplied, robbing us of GDP growth |
Romulox |
Oct-29-09 02:25 PM |
#103 |
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Either you can't read or you can't tell the truth. |
TexasObserver |
Oct-29-09 03:14 PM |
#106 |
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PS You need to look up the definition of "3rd party" |
Romulox |
Oct-29-09 12:38 PM |
#92 |
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If you get past TexasObserver's |
AllentownJake |
Oct-29-09 01:08 PM |
#98 |
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Distilled to it's essence, the argument is "Rah rah" vs. "boo!" |
Romulox |
Oct-29-09 02:31 PM |
#105 |
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That poster is ok |
AllentownJake |
Oct-29-09 03:18 PM |
#108 |
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This is dumb. Wall Street has prospered while we all wither before. |
Romulox |
Oct-29-09 11:08 AM |
#41 |
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No +GDP = no jobs. |
Statistical |
Oct-29-09 11:38 AM |
#55 |
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GDP growth is a necessary (but NOT sufficient) condition for job growth |
Romulox |
Oct-29-09 11:58 AM |
#66 |
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Agreed. |
Statistical |
Oct-29-09 12:28 PM |
#86 |
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An actual quote from a DUer: "You want good things, but that's irrelevant." |
Stinky The Clown |
Oct-29-09 11:46 AM |
#60 |
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And I say it again |
dmallind |
Oct-29-09 12:15 PM |
#77 |
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Again, what difference does your characterization of events make? |
Romulox |
Oct-29-09 12:23 PM |
#81 |
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Words have to mean something or we cannot communicate |
dmallind |
Oct-29-09 01:01 PM |
#96 |
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That's a great argument for the Merriam Webster.com forums... |
Romulox |
Oct-29-09 02:28 PM |
#104 |
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Sorry. That is a direct quote in its entirety. Not only a whole sentence you posted, it was ...... |
Stinky The Clown |
Oct-29-09 01:51 PM |
#101 |
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GDP is a dubious measure of the real economy..... |
marmar |
Oct-29-09 11:34 AM |
#53 |
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It's also juvenile to pretend that "happy talk" isn't an organized admin policy |
Romulox |
Oct-29-09 12:00 PM |
#68 |
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So the fuck what? |
Cali_Democrat |
Oct-29-09 12:04 PM |
#71 |
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It is a joke . It's amazing how this meaningless crap over rides |
blues90 |
Oct-29-09 12:32 PM |
#89 |
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GDP growth is part of trickle down voodoo theory |
optimator |
Oct-29-09 12:05 PM |
#72 |
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Trickle down = Pissed on |
Stinky The Clown |
Oct-29-09 12:21 PM |
#79 |
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woohoo ! resume our culture of greed and consumption! |
optimator |
Oct-29-09 12:08 PM |
#74 |
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Well, that should piss off a whole bunch of people here |
tjwash |
Oct-29-09 12:52 PM |
#95 |
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Well shit |
AllentownJake |
Oct-29-09 01:03 PM |
#97 |
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Jobs are so partisan. In the post-partisan world, we will live on words. |
Karmadillo |
Oct-29-09 01:42 PM |
#100 |
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It's a house of cards built on borrowed money. |
Tierra_y_Libertad |
Oct-29-09 07:32 PM |
#112 |
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