"The American consumer, even today, the weight of the American consumer in the global economy is China plus India doubled. So, it's tough to replace that."

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Here at home, ... while the most likely scenario remains solid growth and low inflation -- subject to the usual ups and downs -- certain sectors have been impacted by the crisis, some because of increased imports and others because of decreased exports. Moreover, problems in the global economy do constitute a risk to all our overall economic well-being.

— Robert Rubin