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Monday, 9 February 2009
Think about this carefully, if you think the recession is just like any other one.
And ask yourself - why on earth did Ignatieff not take over the government when he had the chance to provide stable governance for at least 18 months under a coalition government?
So far, the US government has issued guarantees and spent cash equal to ten trillion dollars:
"The worst financial crisis in two generations has erased $14.5 trillion, or 33 percent, of the value of the world’s companies since Sept. 15; brought down Bear Stearns Cos. and Lehman Brothers Holdings Inc.; and led to the takeover of Merrill Lynch & Co. by Bank of America Corp.
The $9.7 trillion in pledges would be enough to send a $1,430 check to every man, woman and child alive in the world. It’s 13 times what the U.S. has spent so far on wars in Iraq and Afghanistan, according to Congressional Budget Office data, and is almost enough to pay off every home mortgage loan in the U.S., calculated at $10.5 trillion by the Federal Reserve."
And just how much has Harper done along the same lines?
