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Nothing the government can do to help the economy

 
 
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adigaskell
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PostPosted: Fri Feb 06, 2009 10:17 am    Post subject: Nothing the government can do to help the economy Reply with quote

The government cannot do much at this point to pull Britain out of recession. Jonathan Loynes, chief European economist at research consultancy Capital Economics, has said: "I don't think there is a great deal [the government] can do about the outlook for this year now to be honest."

http://www.managers.org.uk/iframe_for_article_1.aspx?id=10:11&docid=19009791

Kinda what I expected really but it does make the billions being spent on this issue seem a terrible waste.
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finvik
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PostPosted: Wed Feb 18, 2009 7:56 am    Post subject: Reply with quote

Article is good
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MikeH
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PostPosted: Thu Feb 26, 2009 10:07 am    Post subject: Reply with quote

Agree that much of the measures implemented would have little or no affect.
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jfslenes
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PostPosted: Sat Jun 20, 2009 6:17 pm    Post subject: Government best to get out of way Reply with quote

This economic crisis as most in past will be aggravated by government efforts rather than helped.

First, government usually does exactly the wrong thing because it feels good to the legislators and beaurocrats.

Second, by the time their stimulative actions have an effect, many times the economy is already heading upward. End result, inflation, over stimulus, etc.

Third, the massive amount of spending and borrowing can not be absorbed by the economy. It may/will cause far worse consequences than anticiapted.

Forth, whatever the government estimates the costs, the real end cost will be orders of magnitude higher

End result of all that will be further economic crisis for people like obama to use to their benefit not the publics.
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trader84
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PostPosted: Fri Jun 26, 2009 10:47 am    Post subject: Reply with quote

thanks for yr gud article
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