Monday, September 29, 2008

Aso, Brown Efforts to Save Themselves May Help Bush

I thought this article was interesting, it takes a look at how other countries we have talked about in class are being impacted from the credit crisis here in the US, and how those countries are dealing with it.


By Rich Miller and Simon Kennedy


Sept. 29 (Bloomberg) -- Embattled political leaders in Tokyo and London may end up coming to the aid of President George W. Bush in containing the economic fallout from the credit crisis as political self-preservation trumps nationalism.

Confronting a recession, Japan's new prime minister, Taro Aso, is likely to promise tax cuts and higher spending in a bid to win a parliamentary election as early as next month. British Prime Minister Gordon Brown, who faces unrest in his party over its and his sagging popularity, may also opt for budget-busting measures to turn around the weakest U.K. economy since the early 1990s.

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