World Bank President Calls Stimulus Plans ‘Sugar High’ Solutions

Despite the fact that the US government has embarked on massive spending plans since the economic crisis began approximately 18 months ago, each so-called ‘stimulus’ plan bigger than the last, World Bank President Robert Zoellick referred the policies as ‘sugar high’ solutions that are not suited to truly turn around the damaged economies. At the heart of the problem is the ailing credit market, and although there has been some turn around, the crisis is far from over. He also warns of ‘political unrest’ due to the fact that joblessness numbers continue to climb across the globe, despite the stimulus policies.

His overview is not all “doom-and-gloom”, but the statement above is something to consider, if our economy ends up in further decline, despite the government’s actions, with a LOT more debt on our shoulders to boot.

Read more at Bloomberg.com.

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