Global Recession really over?

[NeonSamurai]

I dunno, I think government can help stimulate the economy and bring a country out of a depression. But its not by bailing out the large corporations and banks (who frankly should be let to die out if they mismanaged themselves).

One of the most effective programs launched during the great depression was the US government starting massive public works jobs. One of the big ones was rebuilding the infrastructure of the country (roads and the like). This did a lot of good things for the country at the time. It put money in average people's pockets so they could spend again (and afford to eat), and it greatly improved the US's infrastructure which it was in need of at the time.

Ironically some parts of US infrastructure are in real need of repair/improvement right now, and if things continue it would be a very good idea for the US gov to implement such programs.


On another note I really don't think the western world is going to return so quickly to their excessive spending ways. Demand has been vastly over inflated in the west by marketing, particularly when it comes to technology. People were convinced by marketing that they needed all this new crap, that they needed a brand new state of the art cell phone every 6 months, that they need to spend 1000$ on computer video cards every year. Large numbers of rather foolish people were getting heavily into debt trying to keep up with the trends and technology. On top of it we have the "i am entitled to everything I want" generations who see no difference between borrowed money and money in hand.