WASHINGTON (AP) - Heavy government stimulus spending and near-zero interest rates did little to end a "lost decade" of stagnation and mushrooming debt in Japan. Some economists and lawmakers say the U.S. may wind up following the same trajectory.
Despite early signs of recovery and a strong U.S. stock market rally, fears persist that the failure to generate new jobs or ignite more consumer spending could drag the economy back into recession, or result in a protracted Japan-like period of poor economic and stock-market performance
KraziKofiMan
Time to break out the Wasabi sauce.
Jim in JAX
Don't worry. Obama is going to Asia on another apology tour. That will help us out a lot. (sic)
observer
By the gov. playing santa claus with working peoples tax money, when they run low they just up the taxes. Someones got to pay for all the benefits and freebies the NON-working leeches have been recieving generation after generation and being rewarded for doing it. Try doing this with your household buget , simple math you can't spend more than you earn , some in this country depend on spending what they never earn there-in lies the problem
dss
It's taken 18 years for Japan to claw its way out the hole it got into, & some folks in the U.S. are so enthusiastic about jumping into a similar hole.
tarp
how is your obama change now,dont worry dirty harry reid working with the progressive liberals to use more tax payer to put more government people to work part time to after 2010, yes we are almost their.thanks to this house/senate
THE TOMB
It is a sad commentary on a once great country like the United States of America that its citizens best chance of achieving the American Dream is investing in the stock market. It used to be you could earn a good wage working hard doing honest labor and be rewarded for you efforts. No longer the jobs don't exist and they are not coming back. Now you have to gamble your future to be able to retire! Where did our economic train get derailed!