* By Lounge Lizard
We are now facing a world-wide depression, not just a recession. Governments are in a panic. Never in history has so much money been thrown at a problem. In the US, Obama's proposed stimulus package now totals $US 820 billion, laden with pork for special interest groups and money for causes deemed worthy by the incoming administration. In the UK, Gordon Brown's government is throwing another £200bn to the banks. In Australia, Rudd is now throwing $4bn to the commercial property sector.
All this is in addition to the $US 700bn bank bail-out plan that was signed into law by President Bush on October 3 last year and Gordon Brown's £400bn bank rescue plan unveiled a few days later. When will it end?