Doubt clouds new US stimulus plan

Many are skeptical that the $600bn pumped into economy will help revive it as anger grows over government spending.

     

    Republicans have taken control over the US House of Representatives after Tuesday's mid-term elections mainly due to voters' frustration with Obama's failure to speed up economic recovery.

    The US central bank has announced a fresh stimulus plan dubbed "quantitative easing" as part of a bid to boost the economy. The Federal Reserve says it will pump $600bn into the economy after it had injected $787bn worth of economic measures in the American Recovery and Reinvestment Act of 2009.

    Kimberly Halkett reports on how many are sceptical of the plan after anger over "excessive" government spending culminated in the congressional elections.

    SOURCE: Al Jazeera


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