Tuesday, February 10, 2009

Moscow News

A United Russia-organised rally in support of the car industry in Nizhny Novgorod on Saturday
03:13 | News
By Ed Bentley and Daria Chernyshova
As car factories resume production after extended New Year’s holidays, workers fear that firms may begin mass layoffs and salary cuts


Clearly the Bush heritage is anything but an American problem. Hasn't the time come for a new Breton Woods?

Any stimulus package that is limited to the US will fail for the same reason that Smoot Hawley failed. Self stimulation, economasturbation, IS a form o9f protectionism and will only result in a race to the bottom among economies.
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