Stimulus

Sunday November 9, 2008 - 7:09PM EDT

Just read an article on China implementing an economic stimulus package. While the United States has done this in the form of a pittance of rebates and is considering doing something similar again. I find it interesting what China considers economic stimulus package. It includes spending on healthcare, building railroads, disaster relief, low cost housing and environmental protection and technology. That is not an all inclusive list. Also some unspecified tax reform and freeing up of credit. It just sounds like a sick joke to me because somehow someone in the United States came up with the idea of tossing some bread to the peasants as some kind of solution or bridge to a solution, while this sounds like a comprehensive start to a larger plan to progress. The economics of the two countries are very different for sure but I still wonder where these kinds of ideas have been in the United States.