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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Amazon's Bezos: We Should Be 'Super Optimistic' On Long-Term Economy

Amazon chief executive Jeff Bezos, appearing moments ago on CNBC to promote his new Kindle 2, which is out today, said that Americans should be "super optimistic" on the long-term outlook for the economy.

Easy for him to say: Amazon stock has doubled in price since its November trough.

Bezos said he can't say what the next couple of years will bring -- though he appeared to lean toward favoring President Obama's stimulus plan -- but said that he is heartened by the innovation blooming all around the world in fields such as sustainable energy that will boost the global economy in the long-term.

Pressed for his views on the stimulus, Bezos said that he can see the arguments on both sides, but said that there's no time to give lessons on moral hazards when the house is burning down.

"You don't tell someone not to play with matches" when the house is on fire, Bezos said.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  February 23, 2009; 12:50 PM ET
Categories:  The Ticker  | Tags: Amazon, Jeff Bezos, Kindle, recession  
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