current event

Faced with a global financial downturn, this article is about shopping coupons, because our government want to excite economy, so they want to give 3600NT for every man, woman, and child, but Wall Street think this is a harebrained scheme, this is the article they write : President Ma Ying-jeou's popularity ratings are in the low 20s, and perhaps he hopes this will distract voters from the fact that so far on his watch, GDP growth is contracting and the stock market is down by over 50%. The Taiwan government predicts the voucher will boost GDP by some 0.64% next year, but color us skeptical. Wavering consumers are more likely to spend the coupon on things they'd buy anyway and save the "spare" money.

I think global financial downturn is very serious, so however Ma Ying-jeou or Chen Shui-bian or any president in other country can't avoid this event.

The article in WSJ ----- http://online.wsj.com/article/SB122720272366944593.html