Australia’s Stimulus funds ’should flow into economy quickly’
Economists say the early impact of the Federal Government’s $42 billion stimulus package will be noticed when the payments flow from next month.
The stimulus plan made it through the Senate yesterday after a week of wrangling in Federal Parliament.
The cash handouts will start to roll from next month, beginning with the single income and back to school bonuses from March 11. Read the rest »
US Stimulus Plan
Barack Obama produced the two main parts of his rescue plan: a USD789 billion stimulus plan and his outline for a (probably even more expensive) bank bail-out. This double offensive could have broken the spiral of uncertainty and gloom that is gripping investors, producers and consumers across the globe.
Alas, that opportunity was squandered. Mr Obama ceded control of the stimulus to the fractious congressional Democrats, so the fiscal boost is less efficient than it should have been. The financial-rescue blueprint, touted as a bold departure from the incrementalism and uncertainty that had plagued the Bush administration’s Wall Street fixes, is depressingly more of the same: timid, incomplete and short on detail.
Read the full article at The trouble with Obama’s rescue | The Obama rescue | The Economist
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