Bush's $145 billion stimulus package is for short term relief.
The $145 billion stimulus package cannot help US to pull out of subprime mortgage financial crisis, this stimulus help US and other countries to escape from recession risk but slow growth is unavoidable in the coming future. it will take a long time for a fully recovery stage as right now US Govt. are in huge debts and they just can't simply offer to print more US Dollar notes. (9 trillions plus of bad debts) Why US able to build up so huge debt? They know the way to refinancial by using their huge debts that cause so huge. (They know how to borrow but they don't know how to pay back that huge debts, on one able to settle this problem either their govt. and their Fed too - This will build up a more huge risk in the coming future US if the huge debts is not going to reduce.)
From 16th Jan 2008 and 17th Jan 2008 market movement that tell me most of the countries are depend on US for their major trade partner in that mean once US is falling the whole trade partner to US is falling too.
Anyway Bush take this action that show that he are a responsibility US president even his term is going to be ended soon and recession may avoided in short term (one year?). Compare EU (European Union) and US their action taken in their package is difference, in last year's August, September and Octcber EU have injected more than 250 billions of money into their banking system for the relief. I guess in the coming future's economic superpower maybe not going to be US again that holding more than one century title (next is who? China?).
China maybe want to slow down their overheat economy in the coming future but for 5 year down the road China is still good to be invested in, as the recent UK is looking for China to increase the trade. India is a good choice to be invested in as EU is increasing their investment recently. To have a good investment choice read more newspaper and internet news to know more future market movement.
Referance:-
-Rank Order of countries Debt
-Rank Order of countries Public debt
-Rank Order of countries GDP (purchasing power parity)
-US Debt news
