Why isn't the US using proven techniques to jump start the economy? Is there any example of a nation escaping debt and spending it's way to prosperity?
Barbados is about to take a big step forward in improving the climate for the establishment and growth of businesses. It is a step other Caribbean countries should emulate, as the productivity of a country ultimately depends on the productivity of its businesses.
The economic model being pursued by President Hugo Chavez in Venezuela of nationalising banks, oil companies and other productive enterprises may work for him for a time. Certainly, it will last while his government has access to the cheque book of the state-owned oil company, PDVSA, and oil prices remain elevated. But it will not work for many Caricom countries whose debt-to-GDP ratio is so high that the obligation to repay debt prohibits them from spending to grow their economies.
The ratio of debt to GDP in several Caribbean countries is serious: St Kitts-Nevis -- 178 per cent; Jamaica -- 128 per cent; Antigua and Barbuda -- 107 per cent; Barbados -- 106 per cent; Grenada -- 87 per cent; Dominica -- 86 per cent; Belize -- 80 per cent; St Lucia -- 70 per cent; and St Vincent and the Grenadines -- 67 per cent.
http://www.jamaicaobserver.com/columns/Sanders-Dec-20What is the debt ratio in the US? I think it's scarier and Obama keeps spending.
Why isn't Obama learning from these debt ridden nations?
The Barbados government has recognised that for unemployment and economic growth to be tackled, business must play a bigger role in the economy, and it is against that background that it approached the IDB for a loan to finance the greater participation of business in the economy, and to make them more competitive in regional and international trade.
Why does it seem like the Oamacrats stay up late at night making it harder for small business to stay in business? Make it harder for small business and families to prosper? Take more and more money and prosperity from the most successful in our nation?
Why isn't Obama going after the Fat Cats at the Federal Reserve? Treasury? Congress?Barney said a few years ago that Freddie/Fanniewere sound. They are asking for almost a trillioollars to keep them going. They need this money by the end of the year. Barney is still in command.
Who advised Barney years ago that Freddie/Fannie were sound?Did someone rely on financial reports? Did Barney make it up?
Who was responsible for financial reports at Freddie and Fannie? Who does Barney blame for that information? Nancy blamed the CIA for the misleading torture info, who does Barney blame?
Something IS STILL wrong with our financial system. I think the problem remains with long time members of Congress , the Federal Reserve, Wall Street, and Treasury.
Why doesn't the nation have a good financial reporting system? Something reliable? A system that works for Main Street?
The money spigot is still broken, and common sense abandonded Washington a long time ago.
jmho
