Word: stimulus
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...goods and services leaving the country was down 22.6% compared to last year. Reuters reports that economists expected the drop to be only 18%. Several experts also pointed out that the reason that Chinese economic growth is still reasonably strong is due to the nation's $585 billion stimulus package...
...trouble with the stimulus packages in the U.S. and China is that eventually the efforts of governments to prime the pump run out of money and economic activity has to stand on its own. For China and the U.S. the end of that support means very different things, but the are inextricable connected. China's stimulus package is aimed at driving business activity and consumer spending within the nation's borders. But, if demand for its exports does not return soon, the most critical aspect of its GDP growth will still be in an anemic state. Alternatively...
...economic stimulus package should be in full force by the summer. Companies that build roads, public structures like schools, and infrastructure projects are supposed be getting contracts for tens of billions of dollars in new projects. Out-of-work construction crews will be called back to work. The building sector will be on its way out of its depression. (See pictures of the Top 10 scared traders...
...even in South Carolina, not now. Sanford has gone further than any other governor in passing up the Democrats' stimulus money, but he's turning down only 10% of his state's share, about 2% of his state's spending. He is still being portrayed as Scrooge, a heartless ideologue who wants to close prisons, fire teachers, shutter programs for autistic kids and ultimately shut down state government during a recession. And those portrayals aren't coming from Democrats. "The governor has one of the most radical philosophies I've ever seen," says state senator Hugh Leatherman, 78, the Republican...
...Business and Big Oil and the rich." In the Bush era, the party routinely sided with corporate lobbyists - promoting tax breaks, subsidies and earmarks for well-wired industries - against ordinary taxpayers as well as basic principles of fiscal restraint. South Carolina Senator Jim DeMint's Republican alternative to the stimulus included tax cuts skewed toward the wealthy; at this point, the GOP's reflexes are almost involuntary...