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US economy very dismal? UE to go up?


Asked by mamakirs at 3:15 PM on Feb. 1, 2010 in Politics & Current Events

Level 14 (1,495 Credits)
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Answers (5)
  • What do you expect when we put idiots in office!

    Answer by hot-mama86 at 9:45 PM on Feb. 1, 2010

  • mamakirs

    Answer by mamakirs at 3:16 PM on Feb. 1, 2010

  • Very interesting, and somewhat depressing, article. Thanks though.

    Answer by mancosmomma at 3:46 PM on Feb. 1, 2010

  • Nobel Prize-winning economist Joseph Stiglitz said Obama’s previous efforts to bolster the economy are only “a step in the right direction.”

    “I’m a bit worried that again it’s not enough,” Stiglitz said in a Jan. 28 Bloomberg Television interview in Davos. “He has to take a much more active” approach. “It has to be a second round in stimulus, focusing in particular on investment.”

    International Monetary Fund Managing Director Dominique Strauss-Kahn, who two years ago used the Davos stage to lobby governments to increase spending, said policy makers in the U.S. and elsewhere risk narrowing their options if they withdraw emergency measures too soon and the recovery falters.

    “If you exit too early then the risks are much bigger,” Strauss-Kahn told the Swiss gathering.

    Answer by Sisteract at 3:46 PM on Feb. 1, 2010

  • The above quote is interesting. I know when visiting relatives in Ireland last fall their economy was experiencing the same struggles for many of the same reasons, especially in terms of the housing market, banking and jobs, and are so happy to be part of the EU @ this point. Lots of folks living on the Irish dole-


    Answer by Sisteract at 3:49 PM on Feb. 1, 2010