tag:blogger.com,1999:blog-6950958371463784360.post1047445188635205567..comments2023-09-11T05:35:20.532-07:00Comments on Commonwealth Club of California: Reich's Assessment of the Economy Has Been Spot Onjzippererhttp://www.blogger.com/profile/14774755651549270732noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6950958371463784360.post-72002627013792474782009-01-15T13:19:00.000-08:002009-01-15T13:19:00.000-08:00Good point. Also, how much stimulus should be offe...Good point. Also, how much stimulus should be offered by our trading partners in this global economy? Germany received lots of criticism for being late to the large-stimulus plan, but they finally came around last week. But is that enough? Is China's enough? There's a lot of cross-border demand that needs to be built back up, and it's not all on the shoulders of (or within the capabilities of) the taxpayers of the United States, Germany, China, and a few others, is it?jzippererhttps://www.blogger.com/profile/14774755651549270732noreply@blogger.comtag:blogger.com,1999:blog-6950958371463784360.post-16570794124679009322009-01-15T12:46:00.000-08:002009-01-15T12:46:00.000-08:00I attended Reich's talk yesterday at the Nikko Hot...I attended Reich's talk yesterday at the Nikko Hotel. He said that, if the government does everything right, the recession will be severe and will last 2 or 3 years. My worry is that it has been a long time since our government has done "everything right" - so how long could the recession be if we bungle it? For example, what I'm reading is that the proposed stimulus package of 800 Billion or so may not be big enough to do the job.Bizprofhttps://www.blogger.com/profile/14838159898044480392noreply@blogger.com