Caribbean Stimulus Package by Eion Maison

There are many articles written by esteemed economists and columnist appearing frequently about the current financial crisis that hit the United States with rippling and perhaps crippling effects around the world, and in particuar the Caribbean.

As I read these articles I am thinking that it is about time that Caribbean Governments viz-a-viz Caricom come up with a regional solution that somewhat resembles a stimulus package.
Individually, Antigua and Barbuda has decided to establish an Unemployment Benefit Fund (UBF) to help those who have been laid off as a result of the global financial crisis.

I know that the rebuttal could be that governments are not financially able to make such a commitment, for all the right reasons; but bear me out on this. On the micro side of my own budget constraints, my mantra is that if it is budgeted it will most likely get done. The same, I think, citeris paribus, applies to the macro side.
This may sound as if I am recommending Welfare Capitalism. Well, maybe it is worth looking into. After all, Gustav Schmoller and other early economist may have seen this far into the future