2008-10-20 reverse the situation
Lazear said: “In parts of the United States, the unemployment rate is much higher, some people will regard what they had seen as certain parts of the United States that has been in recession.But we hope that we can take steps to reverse the situation. We believe we have reversed the situation.”
These included the massive financial rescue plan President George W. Bush earlier signed into law this month.Last week,President Bush announced that the federal government to purchase troubled bank's stock,More money assign to the bank,let they can more easily loan,So that consumers and businesses can engage in useful economic activity.
Lazear said,There are indications that the bank has begun to loan each other, He expressed the hope that this is the U.S. credit market began to loose the first step.
He said that,U.S. federal deficit will increase in the following months,But he expected,if the economy rebound,Government spending will be constrained,then the federal deficit will be cut again. |