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snippet:
"China’s passenger-vehicle sales rose 48 percent in June, the biggest jump since February 2006, as government stimulus spending spurred a revival in the world’s third-largest economy.
..
A 4 trillion yuan ($585 billion) economic package has helped China surpass the U.S. as the world’s largest auto market this year.."
A stimulus spent right may work as evidenced by China.
snippet:
"China’s passenger-vehicle sales rose 48 percent in June, the biggest jump since February 2006, as government stimulus spending spurred a revival in the world’s third-largest economy.
..
A 4 trillion yuan ($585 billion) economic package has helped China surpass the U.S. as the world’s largest auto market this year.."
A stimulus spent right may work as evidenced by China.
************************************************** *******
Evidence that economic advisers who advocated our own stimulus package
might have been correct. No doubt some will disagree, but if it worked for
China, it just may work for us as well. Most of us would give a huge sigh of
relief.
snippet:
"China’s passenger-vehicle sales rose 48 percent in June, the biggest jump since February 2006, as government stimulus spending spurred a revival in the world’s third-largest economy.
..
A 4 trillion yuan ($585 billion) economic package has helped China surpass the U.S. as the world’s largest auto market this year.."
A stimulus spent right may work as evidenced by China.
Everyday China is ridding itself of more and more workplace laws. And unions are illegal. And we are going inthe complete opposite direction.
China's economy is expected to grow at a rate of 7 percent in the next year. Our's is expected to shrink.
I seriously think it is time to call Rosetta Stone.
************************************************** *******
Evidence that economic advisers who advocated our own stimulus package
might have been correct. No doubt some will disagree, but if it worked for
China, it just may work for us as well. Most of us would give a huge sigh of
relief.
China's economy is booming despite the stimulus. Besides, the stimulus is paid for by pent up savings, not deficit spending. HUGE difference.
************************************************** *******
Evidence that economic advisers who advocated our own stimulus package
might have been correct. No doubt some will disagree, but if it worked for
China, it just may work for us as well. Most of us would give a huge sigh of
relief.
Go and do some research on China's stimulus. It was not handled like ours.
The money went out fast into the economy and created those "shovel ready" jobs.
That is not happening here. Our banks have frozen up and are not lending. The government had to intervene and is trying to do it themselves.
snippet:
"Beijing's leaders are patting themselves on the back for moving fast to prime the pump.
..
Much of the juice is coming from state-owned banks. While the Obama Administration struggles to get U.S. banks to start lending again, Chinese banks are following government orders and flooding the country with loans. In the first three months of the year, new lending by Chinese banks grew 30%, to $676 billion. That means the banks are already more than 90% toward Beijing's target for the whole year."
Go and do some research on China's stimulus. It was not handled like ours.
The money went out fast into the economy and created those "shovel ready" jobs.
That is not happening here. Our banks have frozen up and are not lending. The government had to intervene and is trying to do it themselves.
snippet:
"Beijing's leaders are patting themselves on the back for moving fast to prime the pump.
..
Much of the juice is coming from state-owned banks. While the Obama Administration struggles to get U.S. banks to start lending again, Chinese banks are following government orders and flooding the country with loans. In the first three months of the year, new lending by Chinese banks grew 30%, to $676 billion. That means the banks are already more than 90% toward Beijing's target for the whole year."
************************************************** *******
So why is it that American banks are willing to take the money but, unlike their Chinese counterparts, are not "following government orders and flooding the country with loans?" Particularly when there is empirical evidence that it's been a viable plan elsewhere? I don't have a dog in the fight...I'm just another American trying to make sense of it all.
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