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Willisms

« Trivia Tidbit of the Day: Part 529 -- Three Important Bailout Facts Every Conservative Should Be Armed With. | WILLisms.com | Trivia Tidbit of the Day: Part 530 -- The Worst Economy Since The Great Depression? »

Trivia Tidbit of the Day: Part 530 -- Japanese Bailout Lessons.

Building Infrastructure For The Sake Of Infrastructure = BAD IDEA JEANS-

A decent read in the New York Times about Japan's "lost decade" and the failure of massive public works stimulus spending:

japandebt.jpg

Japan’s rural areas have been paved over and filled in with roads, dams and other big infrastructure projects, the legacy of trillions of dollars spent to lift the economy from a severe downturn caused by the bursting of a real estate bubble in the late 1980s. During those nearly two decades, Japan accumulated the largest public debt in the developed world — totaling 180 percent of its $5.5 trillion economy — while failing to generate a convincing recovery.

It's difficult to have confidence in the economy when so many bad ideas are headed our way. The entire article is definitely worth a read.


-------------------------------------

Previous Trivia Tidbit: Three Sets Of Facts Against The New Bailout.

Posted by Will Franklin · 9 February 2009 08:38 AM

Comments

The Government encouraging Socialist Programs are how we got into our Housing Crisis. WHY do we want more Government so called Stimulus loaded with PORK? Shame on our politicians that are encouraging Socialism. They need to be exposed. One of the most impressive things I have seen lately was Ronald Reagan's conversation about Socialized Health care at Maggie's Farm Blog. Socialism has made it's full debut with the election of our brand new Socialist POTUS. We need to be prepared for much more of this type of Spending. Yikes!

Posted by: ZsaZsa at February 9, 2009 10:28 AM

"Are we currently in the midst of the worst economic crisis since the Great Depression?"

No...No, we are not. We are currently in the midst of an economic crisis brought about by the democrats in Congress who screwed our credit markets by demanding banks loan money to people who were incapable of paying or not willing to pay up on their their mortgages.

Go talk to Barney "ooo-la-la, I love Oscar Mayer weenies" Frank or Chris "I can't pay more than four per cent for a mortgage" Dodd.

Posted by: Eneils Bailey at February 11, 2009 10:55 AM