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Bernard English

Bernard English
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Friday, November 21, 2008

Everyone to get NT$3,600 bonus FROM The China Post

America tried these kind of stimulus packages for many years, sometimes in the form of lower interest rates and sometimes as tax rebates, as well as many other forms. It did not solve any of America's structural problems and neither will this solve any of Taiwan's fundamental problems.
"TAIPEI, Taiwan -- Premier Liu Chao-shiuan formally announced yesterday a government plan to distribute NT$3,600 shopping vouchers to each of the nation’s citizens early next year. He expects the NT$82.9 billion program will help stimulate domestic spending and economic growth." 

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