Monday, February 15, 2010

PREDICTION OF ASUSTAINED ECONOMIC PROSPECT, DUE TO STIMULUS PACKAGES MAY NOT BE ACCURATE.


Predictions made based on survey of sustained economic prospect, due to the stimulus packages has not been accurate and at times it could be straying.Continuous regular monitoring of products and profits made by companies and individuals would be better replacement, rather than the usual forwarded inventories and credits. Even then savings would not be monitored since an inquiry on either the saving of a private business, or of an individual's account may be regarded as an investigation and intrusion respectively which could further mean violation of an individual's rights, or a domestic violence against him, or her.
It may be true that the stimulus package has saved jobs amidst the continuous slashing of jobs in both the government and the private sectors that have accounted for hundreds of thousands of jobs loses in months.
However, the stimulus effectiveness has been profound in reducing poverty by keeping some cash in the pockets of low income earners as aresult consumers spending rate has remained high and boosted sales of items in the domestic markets.

Written by Godfrey Ohia.

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