Monday :: Oct 13, 2008

Open Thread


by Mary

Roubini revisits his 12 steps to Financial Disaster from February and we see that most of the steps have come to pass just as he had predicted. But he notes that there are some things that can be done to reduce the extent of the deep pain and one of the key things is "a massive direct government fiscal stimulus packages that includes public works, infrastructure spending, unemployment benefits, tax rebates to lower income households and provision of grants to strapped and crunched state and local government". Building the green economy of the future would go a long way to helping America get back on its feet.

Your turn now.

Mary :: 12:00 AM :: Comments (26) :: Digg It!