Word: stimulus
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...expectations for the G-20 meeting are so low that a great deal of positive action may come out of it, depending on whether the analysts looking at the agreements that think that regulation and stimulus are the tonics for the global recession...
...area where there is the largest division among the nations is clearly in the amount of GDP that should be thrown into stimulus measures to create jobs, support financial firms, and build consumer demand. The US is the radical on the issue saying that its Treasury is "all in" and will raise whatever money is necessary to fix its economy and reverse job losses. Nations like Germany and France think the approach is irresponsible, and they may not have the credit ratings and access to global capital that the US does, which makes the disagreement academic...
...stimulus plans will not be frozen at the G-20 meeting and plans often don't last long in a crisis. German and France may find the economic situations of their countries deteriorating more than they expected. The call for issuing more debt and supporting job creation may get louder as unemployment rises into the double digits. What seem like a sustainable polity on debt and stimulus may be now, but if EU GDP begins to contract faster and harder than expected, a wave of government desperation could sweep the countries in the union. Obama may have...
...asked President Barack Obama directly about the elephant in the room on Wednesday. But he brought it up anyway, during a joint press conference with British Prime Minister Gordon Brown. A British reporter asked Obama about the proper size of government stimulus spending, and the U.S. President decided to talk about the perilous balance of global trade...
...That is why Obama's comments on Wednesday were so notable. The issue of imbalances is not expected to play a big role in the coming G-20 communiqué, which focuses on regulation, aid to developing countries, protectionism and stimulus. But Obama clearly signaled that the issue is on his radar, and that policy shifts may be coming. In practice, this means measures in the medium term that will encourage greater consumption and spending in developing nations like China, and more saving and less debt in the U.S. Although he was vague, Obama discussed what would amount...