The second stimulus package in Japan adds up the whole effort to 500 bil. Dollar, Europe agreed to a 'small' 260 bil Dollar package and China had committed 700 bil Dollar for the same purpose. America will be nothing short of 700 bil but be sure all of them will double those efforts over time. So that's throwing trillions of dollars in aid into the economies and that is on to of the tril. of aid given to financial firms after they screwed up big time. İts outrageous that the bonus payments which are still paid though reduced are sponsored by taxpayers money as a incapable to say the least Treasury Secretary spend half of the TARP money unwisely without making sure it goıt there it was needed to be. That should trigger an charge for misconduct and a full fledged investigation into the operations of the FED and Treasury as they worked on strange standards to bailout some and let go others without any sense I can make out of it other than to benefit small groups on costs of the taxpayers. The problem was and is that lawmakers allowed banks to expand unwisely their ways to generate faked profits since everybody who ever joined a class for economy and I suppose that must be true for Harvard MBA classes as well knows there is no one way profit stream. The weird thing is to make center figures of those 'deliberation' attempts to the people who oversee it as Greenspan was a lobbyist for banks to deliberate and was made chairman of the FED and to make after Rubin who influenced Clinton to go forward with that insane strategy now Paulson to finish the mission looks rather more like a master plan than just stupid greed. As much as the 9/11 event was needed to change/ diminish democratic rights in the sake of haunting the evil forces the collapse of the financial system will make it possible to change the control of money flows to a unseen scale as the powers are moved into the hands of a few as the Worldbank or IMF - that's a dream scenario for the 'Rothschild' or Bilderberger or what ever name that group of people might have. Its getting more and more obvious as some people have big smiles on their faces as all this happens. Republican congressman and now senators have shown in the TARP and now in the car industry bailout negotiations that they play a big charade and people allover the world have to suffer because they were not able or what I rather believe have an interest in destroying market faith. The irony is that they were in the driver seat for most of the 8 years of Bush administration and could have acted wisely and in foresight of obvious things to come. Basically that's true for almost all politicians around the world as they are the puppets 'deep pockets' pay to take care of there interests. Corruption and greed are at all time highs as people let there presidents screw around (Clinton) and get into insane debt but get out with 50 mil at the end. Corruption is done on a sophisticated and legal level nowadays. You just pay a person for 2 hours speaking some bulls.. 250000$ that were the daily rates of Greenspan and Clinton plus they got some advisor contracts which earned them a few mil more. That's pretty obvious as those who paid those rates were wall street firms or other big companies who had there benefits.
Excerpt CNBC
Japan Announces New Economic Stimulus Package
Japanese Prime Minister Taro Aso on Friday announced a new stimulus package to shore up his country's economy, with measures to spur employment, encourage lending and inject capital into financial markets.
"The global downturn is said to be a recession on a scale that comes once in a century," Aso said.
The new package includes 10 trillion yen ($111 billion) in tax breaks and public financing, and 13 trillion yen ($144 billion) to prop up financial markets, he said in a nationally televised news conference.
It comes after a 27 trillion yen stimulus package announced in October, which included expanded credits for small businesses and a cash payout to every household to spur spending.
"Since then the economy has worsened beyond our expectations," Aso said.
He pointed to falling stocks and the surging yen, and said measures were needed to boost employment and stabilize Japan's economic system.
Aso said the newest package would provide support including tax breaks for workers affected by the economic slowdown and home buyers, as well as funds for injection into markets and support for mid-sized businesses.
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