America ist IMHO heading towards an ever increasing disaster.
Now 780 Billions are for simulus whith accroding to President FUD will result in 3,5 Mio jobs. That is nothing but “wishful-thinking”. And even worth they are planning for 1-2 trillions (yes you got that number for those not in know here we go one trillion is 1000000000000 Dollar. The official debt of the socialism republik of Amerika once known as USA may be around 9_000_000_000_000 so within one year they are planning to drive it up 25 %. How sustainable should that be? If we assume 5% interest rate we had 5 000 000 0000. Who and how should that be beared? It’s clear the banks will not pay any taxes the next 2-3 years, the car industry may not fare better, and what about construction? steel? How sustainable can it be too support exessive spending, with even more excessive spending. I’m sorry for the americans, but they must face that they have overstretched. If the excesses will be fixed, than you may have a chance to come back, but with the that politicians and that mass of debt, this will not going to happen. So with every new excessive spending the landing will be harsher. ….