American Stimulus, Japanese Stimulus

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Bleloclorgo of AL 1:08AM April 04, 2009

Any economic report coming from Japanese sources needs to be looked at with "healthy skepticism". In the 1980s, Japan, because they were an economic juggernaut, took a lot of flak because of their "Japan-centric" trade policies. Since the collapse of their stock and real estate markets in 1990, Japan has been very happy to have the West view them as an economic misfit, staggering from one failed economic policy to the next. This has relieved pressure on Japan's one-sided trade policies.
In reality, Japan's economy has been booming. Japan's unemployment rate has not exceeded 5.4% in the last 30 years and currently stands at 4.4%. Japan ranks only second to the US in overall GDP. On a per capita basis, they are in the top five in exports and currently are ranked third in their current account balance (the US is ranked 164th).
Japan is trying to fly under the radar. News reports such as this only help them do so.

Bill of NJ 12:00AM February 08, 2009

1) Japan was not leading the free world either up or down in the 90's, as America is now. Their successes or lack thereof are not too relevant to what the USA should be doing.
2) Perhaps Japan's roads and bridges are "overbuilt". Ours certainly are not.
One fell in the river. Hundreds of thousands are labeled as deficient and obsolete.
3) As for "crowding out private investment", crowding out exactly WHAT?
Movies, cell phones, liquor, porn, tobacco, video games, clothes from China, casino gambling, Miami condos, corn bid to the moon over inefficient ethanol? These are recent biggies from the private sector.
Don't buy lies.

Muser of NM 9:29AM February 07, 2009

This is obviously a social construct plan intended to indebt the American people to dependency on government jobs and hand outs. This type of system rewards victimhood and non productivity. When these temporary jobs run out there will be a demand by the masses for more. The Democrats will gain more "victims" and the middle class will disappear. The elite politicians will keep getting reelected. They will demand more sacrifices from the middle class while they continue to get raises, drive big cars, jet around the country and go on lavish retreats to Williamsburg and elsewhere. What do you call a society filled with an elite ruling class and then rest of us? History tells us. Obama is obviously following the "Cloward-Piven Strategy".
This president already advocates the stifling of free speech. At least under Bush you could express yourself freely (note to Liberals- remember?). A journalist was "roughed up" recently for trying to politely ask Leon Panetta a question. Scary.

stitchathome of VA 8:43AM February 07, 2009