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Now, Mr. Obama, did he manage to EFFECTIVELY launch the stimulus programme, especially BACK TO WORK programme.|
If I am not wrong, by May, the first batch of those "laid off" in October 2008 (due to banking credit lines stalling) should be hitting the Amerikan Regime's economy. If inactivity to help this first batch ......to January (additional 2.6 million workers, compare to the normal level of unemployed 2.5 million normal reports, and the unemployable of another 2 to 3 million or so)
This will be another round of deflationary impact on home prices, even car demand (due to confidence problem) and more banking problems.
However, in ASIA, countries like China, Malaya, Vietnam will see revival in business.
and Japan, Korea, Taiwan, Hong Kong, Singapore will see exports revival to the assembly states, and even some higher value products export to the key developed countries such as EU, USA and British Club.
and it will also help resources exporting states in Africa, Asean (mainly Indonesia, Malaysia), Latin America and even India (iron ore and cotton yarn).
China stimulus seems to be working as (if Mr. Mark Wu is accurate, electricity consumption is up back to near normal, on month to month comparison basis), it should be putting some of the unemployed back to work.