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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: RJA_ who wrote (44999)	1/10/2009 8:40:58 AM
From: elmatador	Respond to of 217749

Obama plan is nowhere near big enough to fill this “output gap.” ... To close a gap of more than $2 trillion — possibly a lot more, if the budget office projections turn out to be too optimistic — Mr. Obama offers a $775 billion plan. And that’s not enough. ... Standard estimates suggest that a dollar of public spending raises G.D.P. by around $1.50. But only about 60 percent of the Obama plan consists of public spending. The rest consists of tax cuts — and many economists are skeptical about how much these tax cuts, especially the tax breaks for business, will actually do to boost spending. ... Obama plan is unlikely to close more than half of the looming output gap, and could easily end up doing less than a third of the job. nytimes.com Looks like emerging markets are the only possibility to take on the slack.