Sunday, December 7, 2008

Recession in USA with chain effects all over - Remedy?

I find about 5,33000 jobs are lost in USA. Continous realestate down fall. People find it difficult to meet both ends. Unemployed thans to recession will become sooner or latter mental wreaks. There is no point to prop up the Auto makers alone. You will have to save your human resources - people. They should not die or become mental wreaks. Ideal is that the government in the name of governance has to upgrade social security of the people who lost jobs, not by forcing the people to pay more on social security but that should be paid by the government consolidated fund to float the things meaningfully. The problem governments promoted the Leverages through financial institutions and so they should bear the brunt not the poor citizens please. Yes, you can prop up the Auto companies but you should be sure that they will not be able to pay back the loans they might take from US Government so the government should give some morotorium to the Auto makers so that lost jobs can to an extent restored and the social security burden can be reduced over a time!....Dr Balakrishnan Ayer

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