It is against this background that Barack Obama has announced overnight his desire to spend $450 billion on a job creation program for the United States. He has the undoubtedly tricky task of trying to navigate this proposal through the
In the end, in an environment in which the Greek economy shrank by 7.3% on an annualised basis in the last quarter, the prospect of this kind of economic hurricane sweeping through the global economic system seems to be focusing minds wonderfully. “It’s the economy, stupid” was Bill Clinton’s campaign slogan in the 1992 presidential election race. Perhaps today’s politicians are bearing this in mind.