During the second day of the now annual Jerusaelm Conference*, once speaker said that "While Israel is in a better economic position currently than both the United States and the European Union....the American government is now more involved in the private economy than is the Israeli government. The U.S. is now closer to where Israel stood 30 years ago in terms of government intervention than where Israel itself stands today."
These were the words of Zvi Stepak, Chairman of the Israeli Meitav Investment Group, who atributed this "to the massive government bailouts in the United States".
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