"Like the Fall of the Wall" (Joseph Stiglitz) (tags)
The mixture of low interests, excessive liquidity and lax oversight on money institutes led to the financial crisis. National indebtedness rose two-thirds in only eight years. The govt should immediately begin investing in the infrastructure, education and other projects.
"We celebrate the victory over the recession while several hundred thousand employees are dismissed every month', decried Calif congressman Pete Stark. `It would be almost hilarious if it weren't so sad.'..Employers prefer reducing personnel to save costs.."