Jesús Arturo Devesa
Economist , MBA
Ideas and data for congressmen and senators:
Pumping money into the financial system |Federal spending and structural problems. (03/09/11):
2008, 2009 and 2010 in the U.S. and Canada; and Japan economy history
indicates that pumping money into the financial system by the government
doesn't mean economy reinvigoration.
the economy with cash can't fix structural problems.
banks are more a political entity than a technocratic one.
federal spending can make the economy rebound and employment drop.
our GDP study from 2005 to 2010, the cost of entitlement programs- Medicare,
Medicaid and Social Security - has reduced economic output by 10% in
these five years through debt service.
of the economic growth in those years was originated in borrowing mainly
in consumer revolving credit.
Our ideas and studies taken from analytical data may give you instruments to implement innovative solutions.