U.S has announced a Bail out of 700 billion dollars.
India has offered a stimulus package of 4 billion dollars ,which is 17000 crores in Indian Rupee.
Rescuing the economy, is an applauding insinuation
Growth stimulus and Fiscal stimulus have received praise and criticism.
The markets have given thumbs up to the package,as it would push demand and have a massive impact on growth.
Wall Street reversed early losses and closed sharply higher on Friday 5/12/2008,hoping that Washington will again step in to aid the economy.
The pick apart ,is will the market sustain this upsurge?
A malady , physical illness , in this context, is to be treated with diligent care and meticulous attention.
A medical practitioner , has to diagnose the cause, read the history of the illness, assess the condition of the patient, analyse the degree of affliction, before prescribing medicines or performing a surgery.
He should not slip, but constantly keep in mind that life is precious, any little misdoing , any wrong move,any half hearted attempt ,will cost a value.
Admitting the sick person in a well founded hospital, giving him a posh furnished room, nursing him with expensive medication, coaxing him with all comforts, cajoling him with relievers , is a transitory truancy.
The patient ,should be made aware of his ailment, should be compelled to respond to proper medication, and should be subjected to exact applications, however hard, however serious, however strenuous it may work out.
The economy is nearly dead.The infection and infliction is worldwide
To revive it , a lesson has to be learnt in a hard way.
First decimate corruption, weed bribery, extract treachery, diffuse falsification, defer procrastination.
Then , maintain transparency, practise faith, avoid double accounting,insist urgency,and centralise trust.
Once , these significant principles are moderated, the economy will look up.
The theory of Bail out , as perceived in U.S ,and stimulus , as referred in India ,will have a meaning and will win a purpose.