³ÉÈËÂÛ̳

It all boils down to this: will the stimulus package for the US economy (and the re-vamped bank bail-out) actually have the desired effect.

Anyone who has studied even undergraduate economics knows that just as stock markets tend to leap forward early in a recovery, unemployment tends to lag behind the curve as firms wait to make sure the green shoots are really green and really shooting.

So the employment promise contained in the Obama plan is very ambitious. There is room for disappointment. But there is a deeper problem: the real scepticism in the US is focused on the economic institutions themselves - government and private - and whether they can make a better job of things in the future.

has a direct relevance to the US experience where the Republicans say that only the individual taxpayer can be trusted to reboot the economy. He/She should get the money. It could still become plan B.

• Bookmark with:
• |
• |
• |
• |
• - What's this?