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Wednesday, July 08, 2009

Another US Bankster Bailout on the Way?

There are speculations that the US economy needs a second stimulus to recover from its current doldrums as the first one has apparently failed to treat the ailing economy.

The US may need another stimulus plan to secure its recovery, said Laura Tyson, a Barack Obama aide and member of his economic advisory panel. Addressing the Nomura Asia Equity Forum in Singapore Tuesday, Tyson explained that the first stimulus package embraced "a significant amount of investment in long-term growth."

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