Tuesday, June 2, 2009

STIMULUS WON'T STOP UNEMPLOYMENT

In an interview Sunday with Al Hunt of Bloomberg Television, World Bank President Robert Zoellick warned policy makers that fiscal-stimulus plans are insufficient to turn around the "real economy" and rising joblessness threatens to set off political unrest across the globe. "While the stimulus has given an impulse, it's like a sugar high unless you eventually get the credit system working," Zoellick said. "When unemployment increases, that's probably the most political combustible issue."

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