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LTE: National Recovery Plan | 20 comments (20 topical, editorial, 0 hidden)
Re: LTE: National Recovery Plan (none / 1)
The argument (whose merits I haven't examined) is that a stimulus plan won't work here because the money will just flow out of the economy. Which may be code for an intention to free-ride off injections into the Eurozone economy from other countries plans.
by Colman (colman at eurotrib.com) on Fri Jan 23rd, 2009 at 10:15:24 AM EST
[ Parent ]
Re: LTE: National Recovery Plan (4.00 / 1)
That's why I haven't suggested a generalised "stimulus plan" but rather a very specific investment plan in wind  power which is actually import substitutive and has a definable return on investment.

With the current budget deficit running at 10% already, we can't afford a generalised plan of expenditure increases or tax cuts to "stimulate" consumer expenditure - which in the US makes up 70% of GDP - but which is more likely just to suck in imports here.

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Jan 23rd, 2009 at 10:29:17 AM EST
[ Parent ]

LTE: National Recovery Plan | 20 comments (20 topical, 0 editorial, 0 hidden)
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