Are Bailouts Doomed To Fail?
President George W. Bush, saying “our entire economy is in danger,” urged Congress to approve his administration’s $700 billion bailout proposal. 
But:
German economists talk about massive layoffs this summer. (Die Wirtschaftskrise könnte nach Ansicht von Experten im Sommer voll auf dem Arbeitsmarkt durchschlagen.)
Japan’s economy shrank at its sharpest pace in over three decades in the final quarter of 2008)
Philip Greenspun ask if Job losses are due to get worse?
Leaving us with the question if any of the bailouts implemented by many governments these past few months had any impact or not. Obviously besides the impact on the tax payers pockets!
Tags: arbeitsmarkt asses bailout congress economists economy george w bush governments japan job losses massive layoffs pace politicians president george w bush proposal real solutions sommer tax payers money three decades
But:
German economists talk about massive layoffs this summer. (Die Wirtschaftskrise könnte nach Ansicht von Experten im Sommer voll auf dem Arbeitsmarkt durchschlagen.
)Japan’s economy shrank at its sharpest pace in over three decades in the final quarter of 2008
)Philip Greenspun ask if Job losses are due to get worse?
Leaving us with the question if any of the bailouts implemented by many governments these past few months had any impact or not. Obviously besides the impact on the tax payers pockets!
Are politicians all over the world now more concerned with being elected and re-elected than taking care of the real problems at hand?
Are bailouts real solutions or nothing else than the desperate try of politicians to cover their asses?
What do you think?
Tags: arbeitsmarkt asses bailout congress economists economy george w bush governments japan job losses massive layoffs pace politicians president george w bush proposal real solutions sommer tax payers money three decades
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