Word: bailouts
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...form of loans to businesses and individuals. Businesses cannot conduct their affairs in the normal course. The average citizen cannot get a home loan or expand his access to credit, even through it is his taxes present and future, which are the source of the bank bailout capital...
...only tool governments are using these days to influence trade. More important perhaps is the financial support that states are offering to industrial firms to aid them in the global competition for a shrinking pool of consumer demand. Most obvious of these steps was Washington's $17 billion bailout of the U.S. auto industry. Now American steelmakers are lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies in the industries considered strategic...
...Neil Young wrote a song about the bailout...
...Read a TIME Bailout card...
...losers; it's impossible to stimulate everyone equally. In two years, if the recession is over, skeptics will claim it would have ended regardless of the stimulus. If it lingers, proponents will credit the stimulus for preventing a drearier outcome. As with the first round of the financial bailout, its most important short-term effect will probably be psychological, calming markets by sending a message of government engagement...