tota, Thats true, cutting spending in a recession worsens the problem. If you have no money, what are your choices? Tax the hell out of them? The cost of living has already inflated to record high levels. They are going to print money like no tomorrow.
Any long term recovery is going to need government injections to industry and to help bring back manufacture. All the hocky moms will need to realise if they buy Chinese discounted items they will lose their job, house and lifestyle. We need to reintroduce trade barriers.
