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Brazilian president Roussef launches a $65.6B stimulus package (nearly 3% of GDP) aimed at...

Brazilian president Roussef launches a $65.6B stimulus package (nearly 3% of GDP) aimed at goosing the ailing economy. The money initially looks to be aimed at infrastructure spending. including highways, where the government expects to double their capacity. EWZ -5% YTD.
Comments (2)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Half of that money goes to the politicians pockets first....but interesting that Brazil needs stimulus....hmmmm...the bloom is off the rose I think...and look at all those personal loans out there for the cars and apartments they bought...oh oh
    16 Aug 2012, 07:54 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    The influence of the establishment media is pervasive, but we have to do something about these silly labels as they become increasingly Orwellian. "Stimulus spending" should not be the label of the latest attempt by government functionaries to "goose the ailing economy." What's currently labeled "stimulus" and "stimulus spending" has been shown time and again to do nothing of the sort.

     

    I propose the label "slaves to the theories of a long dead economist" or to simplify, "dead spending" as in "Brazil today launched the latest round of "dead spending" in a fruitless attempt to goose their ailing economy. They plan to build several bullet trains as well as dig holes for an expansion of the Rio subway system."

     

    And while we're at it, can we drop "austerity" which really means "smaller increases in government spending than the union hoped for"? Why not call that "stimulus"? "Reuters is reporting that there are riots today in Greece over the latest round of government stimulus..."

     

    Clarity of language is important.
    16 Aug 2012, 09:27 AM Reply Like
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