Sherle Schwenninger in Bloomberg News | 'Obama-Pelosi Stimulus May Fail to Reignite Economy'

November 17, 2008 |
Japan's experience suggests the U.S. should be cautious about when it decides to start easing up on its stimulus programs. The world's second-largest economy raised consumption taxes in 1997 and fell back into a recession.

That's why economist Sherle Schwenninger of the New America Foundation in Washington, says talk about Obama's plan to raise taxes on the wealthy isn't ``helpful'' now. LINK
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