surviving the recession

Barack Obama finally got sworn into office today. It seemed an age coming - in the three months since he was elected, markets have collapsed, banks have been taken into public ownership, unemployment has soared, tax payers money has been flung around like it was confetti,  and businesses have collapsed.

Things can hardly get worse, so it could be said that today is the start of the recovery. Obama’s presence in the White House should surely cheer up the population and raise confidence. And the raft of measures he has got planned should surely kick-start the economy. Let us all hope so.  The last time the world faced a deep depression, it only recovered after a world war broke out nearly a decade after the recession started. With some luck, this time it will be different.

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