Today the most powerful country in the world is trying to move its economy forward, utilizing infrastructure spending and public support, and even with this it will be very difficult to overcome the problems. Here the government already used the better part of its increase in resources in its current expenses. On the other side, oil income and tax revenues are going to fall, and there won't be anything left with which to confront the crisis.
Thursday, February 19, 2009
Not Liking What He Sees
Rogelio Ramírez de la O isn't thrilled by the stimulus plan offered by the Obama administration (saying it was hemmed in by the desire not to cause unrest on Wall Street) but compared with the Mexican government's reaction to the crisis, he's falling in love with Geithner:
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