Virtually very government stimulus plan is sold as temporary, targeted and timely. The $150 bln package earlier this year in the US was billed that way and the $300 bln follow-up will undoubtedly be touted as such…
The Europeans are now taking up the Triple-T mantle, with economic czar Almunia promising just such a package. The one thing we can guarantee is that it will be timely. The other two, we’ll have to wait and see.