Friday, March 13, 2009

Stimulus Packages In Perspective

Another long piece in the March 9 issue of The Wall Street Journal entitled “U.S. to Push for Global Stimulus” has a table in which stimulus packages by country are scaled by the countries GDP.

The U.S. is near the top, but not at the top.

As a subtext, the article also discusses how western European governments are pushing for less spending as a cure for the recession, and more regulation. It will be interesting to see how things turn out for them over the next 10 years or so, since they are already known for more regulation, and that has correlated with weaker economic performance over the last 30 years.

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