http://www.nakedcapitalism.com/2008/12/martin-wolf-says-big-stimulus-programs.html To keep it simple...... When one goes into debt to try to keep a failed concept from failing......the end result is all too obvious.... Except to "lawyer-type" politicians....... ............................................................................................. The solution lies in structural reforms....none of which are on the table.....
Just the tip of the iceberg..... But now that you mention it..... Item 1...Autos Solution...hint... What is the difference in cost of paying the monthly tally for gasoline vs charging batteries..... Guess what this amortizes....and how it could be applied..... Easy stuff....
So... we bail out the banks. We bail out some of the investment banks. We bail out the auto industry. Is there a "line in the sand" or do we just bail out EVERYBODY? Whatever happened to CAPITALISM? Where winners win and loser fade into the sunset...
Second hint..... Structural changes required must make one competitive with its peers.... Easy to envision.... Score politicians...0 ............................................................ Helpful structural change is available at the stroke of a pen.... The pols do not get it.... .......................................................... Autos, finance ok when proper structural changes are implemented.... No balls.....special interests....they do not know.... This is not rocket science.....
real world econs is not like academia that works under control environment, policy makers gets pressured into passing policies to benefit special interests, thats why college professors tend to be clueless when confronted /w to how to solve the economy, my 2cts
You mean "publish or perish" by the PhDs in waiting.... gets the podium from time to time....? Not necessarily a good thing..... No matter how sophisticated or complex..... One learns by mistakes..... No matter how big or small they are.....