Quote:
Originally Posted by Vulcan
From what I understand, he's following the lessons learned from FDR in combating the Great Depression. Speaking of FDR.
Which led to his great quote,
http://en.wikipedia.org/wiki/Franklin_D._Roosevelt
It's a gamble but it seems the only way is to give the economy a kick start and saving the banks and the leading industries such as the automakers, should bring some confidence. It's going slow for the US because congress refuses to make any real changes to Wall street and the banking system and big business is holding back investing.
It may be that the US emerges from this set back as not the pre-eminent economy, but out gunned by Europe and China. |
Do like Sweden did and create a negative intrest rate on the banks cash so they wont hold it.