In which John discusses the financial crisis, recessions, and the fiscal stimulus bill just passed by the US Congress and expected to be signed by President Obama. And John Maynard Keynes. Oh, and he brags about his Academic Decathalon bronze medal. Oh and if you're wondering why I'm not talking about CEO compensation and corporate jets, it's because they aren't EVEN SLIGHTLY relevant to the health of the American economy. For further reading: Mark Zandi (former McCain economics adviser): http://www.philly.com/inquirer/opinion/20090215_Imperfect_stimulus_plan_is_still_the_best_answer.html Philosophical overview from the LA Times: http://opinion.latimes.com/opinionla/2009/02/pelosi-reid-sti.html p.s. Keynes's last words: "I wish I'd drunk more champagne." HERE ARE A LOT OF LINKS TO NERDFIGHTASTIC THINGS: Shirts and Stuff: http://dftba.com/artist/30/Vlogbrothers Hank's Music: http://dftba.com/artist/15/Hank-Green John's Books: http://amzn.to/j3LYqo ====================== Hank's Twitter: http://www.twitter.com/hankgreen Hank's Facebook: http://www.facebook.com/hankimon Hank's tumblr: http://edwardspoonhands.tumblr.com John's Twitter: http://www.twitter.com/realjohngreen John's Facebook: http://www.facebook.com/johngreenfans John's tumblr: http://fishingboatproceeds.tumblr.com ====================== Other Channels Crash Course: http://www.youtube.com/crashcourse SciShow: http://www.youtube.com/scishow Gaming: http://www.youtube.com/hankgames VidCon: http://www.youtube.com/vidcon Hank's Channel: http://www.youtube.com/hankschannel Truth or Fail: http://www.youtube.com/truthorfail ====================== Nerdfighteria http://effyeahnerdfighters.com/ http://effyeahnerdfighters.com/nftumblrs http://reddit.com/r/nerdfighters http://nerdfighteria.info/ A Bunny (\(\ ( - -) ((') (')
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Economists say reprioritising spending will help government to stabilise public finances and prevent further ratings downgrades. President Cyril Ramaphosa unveiled an economic recovery plan yesterday. He fell short of announcing a stimulus package, saying there was no room for increased spending or borrowing. One of the plan's main features is a more than 400-billion-rand for infrastructure development to be financed by a private-public partnership. Bongani Bingwa spoke to the president on the stimulus package plan. For more news, visit: sabcnews.com
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During times of economic turbulence (after a financial crisis, for example), the state can use economic stimulus (monetary stimulus by the central bank and fiscal stimulus or government stimulus by the government) in an effort to jumpstart the economy. But... should they? As you're about to find out, economists don't exactly see eye to eye when it comes to economic stimulus. Please like, comment and subscribe if you've enjoyed the video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to firstname.lastname@example.org, any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561
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Watch more Politics 101 videos: http://www.howcast.com/videos/151881-How-To-Understand-the-Federal-Stimulus-Package Our economy's in the worst crisis since the Depression, and we need to turn things around. The government moved fast to pass the Economic Recovery and Reinvestment Plan – $787 billion of investment and tax cuts that will create 3.5 million jobs. Here are the plan's goals. Step 1: Understand the basics Break the cycle. Right now, consumers are worried about the economy. They aren’t spending, so businesses are struggling. When businesses struggle, people lose jobs. When people lose jobs, they cut their spending. It’s a vicious cycle, one that the recovery package aims to break. Step 2: Job creation Create jobs. The most important part of the package is job creation. The plan includes $150 billion to fund clean energy, technology, and infrastructure projects, which will employ millions of Americans looking for work. Step 3: Move toward a green economy Create green jobs, which put people back to work today, and make us more energy independent in the future. The projects in the package include: Modernizing the country’s electrical grid Developing wind turbines, solar panels, biofuels, and advanced vehicle battery systems Investing in clean water, flood control, and environmental restoration And increasing energy-efficiency in homes and offices. Step 4: Improve infrastructure To compete in a 21st-century economy, we also need to provide jobs that help construct a 21st-century infrastructure using 21st-century technology. The plan includes: Upgrading our crumbling roads and bridges Improving public transit and rail systems Modernizing the health-care system for long-term savings Funding biomedical, science, and engineering research And extending broadband services to underserved communities across the country. Step 5: Improve education Improve education to make America more competitive. To increase higher-education opportunities, college students will be eligible for a $2,500 tuition tax credit, $200 million will expand work-study programs, and the maximum Pell Grant – federal aid primarily for low-income students – will increase by $500. The package also provides more than $2 billion for early childhood development, and $13 billion in grants to ensure disadvantaged kids achieve high academic standards. Step 6: Unemployment benefits Help the unemployed, who are bearing the brunt of the economic crisis. Anyone who lost their job won’t have to pay income taxes on the first $2,400 of federal unemployment benefits, and government subsidies will make their health insurance more affordable. The package increases and extends unemployment benefits through 2009 and boosts food stamp benefits to offset rising food costs. Step 7: Tax relief Cut taxes and boost consumer confidence. The stimulus package includes $288 billion in tax cuts. In 2009 and 2010, President Obama’s signature 'Making Work Pay' tax cut will provide most individuals with $400 and most families with $800. Qualified retirees and disabled veterans will get a one-time $250 payment. These cuts ensure that working people pay less taxes, so they have more money to spend. Tip To help pump money into the economy over time, the 'Making Work Pay' tax credits won’t be distributed as a lump sum. Beginning in June, you’ll see an extra $13 in your weekly paycheck, and an extra $8 starting in January 2010. Step 8: Housing and auto credits Boost the housing and auto markets. To help buoy the housing market and stem foreclosures, the tax credit for first-time homebuyers will increase to $8,000. And if you purchase a new car, you can deduct the sales tax. These tax savings will translate into more people buying cars, which will help shore up the auto industry in addition to encouraging consumer spending. Step 9: Send money to states Help all 50 states. The economy can’t bounce back if states can’t balance their budgets, and if states suffer budget shortfalls, they can’t pay for essentials like public safety and other critical services, quality teachers, and school renovations. The package provides more than $50 billion for state services, plus an $87 billion increase in federal funding for Medicaid to states. Step 10: Work together Encourage optimism. We can’t expect the government to solve the financial crisis alone, or overnight. The private sector must contribute to job creation and economic growth. But the stimulus package is the first, critical step to getting our economy back on track. As President Obama said, 'We will turn this crisis into opportunity and emerge from our painful present into a brighter future.' Did You Know? You can find out more details of the stimulus plan, and even track how government money is being spent once the plan kicks
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In which Jacob and Adriene teach you about the evils of fiscal policy and stimulus. Well, maybe the policies aren't evil, but there is an evil lair involved. In this episode we learn how government use taxes and spending influence the economy. Sometimes the government gives, and sometimes it takes. And the giving and the taking can have a profound effect on how economies behave. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
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President Cyril Ramaphosa has announced a plan to revitalise the economy and put it on a firmer footing and address socio economic challenges. The president says given the contraction of the economy, it is evident that the country's challenges are huge. The stimulus package include financial and non-financial interventions aimed at boosting investor confidence, economic activity, job creation and addressing service delivery challenges. Business leadership South Africa has welcomed the stimulus package policy announced by President Cyril Ramaphosa aimed at reviving the economy. BLSA says this will help boost business confidence and inject the much needed funds into various sectors of the economy. Meanwhile Economists have given it a nod and a thumbs up saying re- prioritising 50 billion rand to boost economic growth and create jobs while remaining deficit neutral, thus saving the country money. For more news, visit: sabcnews.com
Просмотров: 479 SABC Digital News
In 2009 the German government approved a 10 billion euro stimulus package to run to the end of 2010. The money has gone toward improving public infrastructure.The federal government program was an unexpected bonanza which allowed long neglected or postponed projects to finally be started. Since then a number of public works projects have been undertaken across the country. Not just in the capital. MADE in GERMANY tried to find out where the billions have gone and whether the money is helping the construction industry in overcoming the crisis.
Просмотров: 653 DW English
Cato Senior Fellow Daniel J. Mitchell debates Will Straw of the Center for American Progress on Obama's economic plan.
Просмотров: 1474 The Cato Institute
In this Majority Report clip, we listen to the Rush Limbaugh program and get a cool history lesson on public works programs and government stimulus efforts that have been effective in boosting the economy. Rush Limbaugh has updated his opinions on such programs now that some kind of infrastructure program will happen under a Trump administration, so now this type of government spending is good. Try to keep up. Watch the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM Download our FREE app: http://majorityapp.com SUPPORT the show by becoming a member: http://jointhemajorityreport.com and BUY all of your Amazon purchase thru our Amazon affiliate link: http://majorityreportkickback.com LIKE us on Facebook: http://facebook.com/MajorityReport FOLLOW us on Twitter: http://twitter.com/MajorityFM SUBSCRIBE to us on YouTube: http://youtube.com/user/SamSeder WATCH our LIVE show video stream: http://youtube.com/user/MajorityReportLIVE
Просмотров: 7370 The Majority Report w/ Sam Seder
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111--5), commonly referred to as the Stimulus or The Recovery Act, was an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama. To respond to the Great Recession, the primary objective for ARRA was to save and create jobs almost immediately. Secondary objectives were to provide temporary relief programs for those most impacted by the recession and invest in infrastructure, education, health, and renewable energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. The rationale for ARRA was from Keynesian macroeconomic theory, which argues that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration. Shortly after the law was passed, however, Keynesian economist and Nobel laureate Paul Krugman while supportive of the law, criticized the law for being too weak because it did not "even cover one third of the (spending) gap". Economists such as Martin Feldstein, Daron Acemoğlu, National Economic Council director Larry Summers, and Nobel Memorial Prize in Economic Sciences winners Joseph Stiglitz and Paul Krugman favored large economic stimulus to counter the economic downturn. While in favor of a stimulus package, Feldstein expressed concern over the act as written, saying it needed revision to address consumer spending and unemployment more directly. Just after the bill was enacted, Krugman wrote that the stimulus was too small to deal with the problem, adding, "And it's widely believed that political considerations led to a plan that was weaker and contains more tax cuts than it should have — that Mr. Obama compromised in advance in the hope of gaining broad bipartisan support." Conservative economist John Lott was more critical of the government spending. On January 28, 2009, a full-page advertisement with the names of approximately 200 economists who were against Obama's plan appeared in The New York Times and The Wall Street Journal. The economists denied the quoted statement by President Obama that there was "no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy". Instead, the signers believed that "to improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth." The funding for this advertisement came from the Cato Institute. On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term-growth path". This letter was signed by Nobel Memorial laureates Kenneth Arrow, Lawrence R. Klein, Eric Maskin, Daniel McFadden, Paul Samuelson and Robert Solow. The New York Times published projections from IHS Global Insight, Moody's.com, Economy.com and Macroeconomic Advisers that indicated that the economy may have been worse without the ARRA. http://en.wikipedia.org/wiki/Stimulus_Bill_of_2009 Image by Jürgen from Sandesneben, Germany (Flickr) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Просмотров: 2847 The Film Archives
Sen. Cornyn voices his continued opposition to the so-called "stimulus" plan House and Senate Democrats proposed.
Просмотров: 237 Senator John Cornyn
Florida Gov. Charlie Crist and WPB Mayor Lois Frankel held a press conference on Wednesday, Feb. 18th to discuss President Obama's stimulus package, and how it will help communities like West Palm Beach.
Просмотров: 106 WestPalmTV
The $787 billion package of the economic stimulus plan. This economic recovery plan includes significant spending provisions, as well as tax relief for some businesses and the middle and working class and State and local fiscal relief. President-elect Barack Obama hopes to save or create more than 3.5 million jobs over the next two years, ignite spending by business and consumers alike and to find the path to new economic growth and prosperity. This 3D animation details the $787 billion package. It is available at email@example.com www.stockaninews.com
Просмотров: 145 ml750
What will become of our sledding hero when faced with the biggest challenge of his life: ECONOMIC CRISIS?
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Robert Higgs, Independent Institute Senior Fellow, economist, and author of the book Depression, War, and Cold War, appears on Fox Business to discuss the economic stimulus package. To order Higgs' book "Depression, War, and Cold War," visit http://www.independent.org/store/book.asp?id=65 or call Toll Free 1-800-297-8733. Subscribe: http://www.youtube.com/subscription_center?add_user=independentinstitute Like us on Facebook: https://www.facebook.com/independentinstitute Follow us on Twitter: https://twitter.com/IndependentInst
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The government intends to inject 13 billion shillings into the economy over the next 5 months as the implementation of the economic stimulus package gains momentum. Finance Minister Uhuru Kenyatta says the money will be released before the end of this month to facilitate the implementation of various projects like schools, health centres, and agricultural markets, among others, that are intended to stimulate economic growth across the country. Henry Githaiga has that story.
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Hello! I'm Kristin Volk with a UPI Headline Update on this Thursday, the 24 day of January 2008. A deal to boost the lagging U.S. economy with a $150 billion stimulus package is reportedly imminent. Government officials say an announcement on the plan could come as early as this afternoon. Final details are still being negotiated, but officials say the current outlines of the package would give individuals a tax rebate check for about $800. Families could get up to $1600. Two new polls show Republican presidential hopeful Rudy Giuliani is slipping in Florida. Florida is a state he once called crucial to his presidential chances. The former New York mayor reportedly registers 15 percent among Republican primary voters. He's tied with former Arkansas governor Mike Huckabee, who only has a fraction of the organization that Giuliani has in Florida. Polls indicate John McCain is at 25 percent in the state and Mitt Romney's at 23 percent. And on the Democratic side, Barack Obama's big lead over rival Hillary Clinton has slipped slightly, but he still has the lead in South Carolina. That's according to a new poll just released two days before the state's presidential primary. The Illinois senator reportedly lost three points overnight and is now at 39 percent. Clinton stands at 24 percent. The shift apparently occurred since Monday night's angry debate between the two when they traded harsh accusations. Since then, John Edwards, who wasn't part of the argument, has climbed four points and is now at 19 percent. People from Gaza are pouring into Egypt for a second day today. Yesterday, militants blew open the border separating Gaza and Egypt, allowing at least 400 thousand people to cross and stock up on supplies. At least 300 thousand Gazans have reportedly crossed today. Last week, Israel blocked off the territory after days of rocket attacks. That's prohibited deliveries of things like fuel and food. That's all for now. Check out our new special segment called "Homeless with a Family" on upi.com today. Thanks for watching.
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We breakdown the economic stimulus package in detail to find out exactly who gets what. Here's how the government stimulus package benefits the unemployed.
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President Cyril Ramaphosa is set to outline his ambitious plan to help resuscitate the ailing economy. It's at least the fourth stimulus plan aimed at boosting South Africa's economy which has suffered its first recession since 2009. For more news, visit: sabcnews.com
Просмотров: 524 SABC Digital News
Maya MacGuineas (President, Committee for a Responsible Federal Budget; Director, Fiscal Policy Program - New America Foundation) appears on Regional News Network (RNN) and gives her views, commentary and criticisms of the government's upcoming economic stimulus package.
Просмотров: 843 New America
Several weeks ago, it was announced that the ANC has called on government to inject a stimulus package into the economy. This, on the back of lackluster growth and continued high unemployment levels, particularly among the youth. President Cyril Ramaphosa has indicated that, indeed, work is being done to put together a package, but what can we expect it to entail and, with the country's fragile fiscal situation, where will the money come from to make it happen? To share the ANC's thinking on the matter, we are joined in studio by Phelisa Nkomo, she's from the ANC's communications team. For more news, visit: sabcnews.com
Просмотров: 3581 SABC Digital News
Economic Stimulus | Economic Stimulus Act of 2008 http://economicstimulus.org/economic-stimulus-act-of-2008/ One of the main responses to the financial collapse and Great Recession of 2008 was the American Recovery and Reinvestment Act of 2009 (ARRA), better known as President Obama's stimulus plan. The debate over the law was quite contentious as Republicans, still stung by their defeat during the 2008 election used the new spending in the stimulus law to rally their conservative base. With Democrats in control of the White House and both houses of Congress the Republican opposition was no obstacle so on February 17, 2009, President Obama signed the legislation making it the first major legislation of his administration. Almost immediately the stimulus law became a political lightening rod and both parties developed their positions as far as the stimulus was concerned. Democrats played up the fact that the ARRA was passed to jump start the economy and create jobs and Republicans positioned themselves against the $800 billion added to the national debt and used the stimulus as a rallying cry headed into the 2012 midterms. The primary objective of the ARRA was to save and create jobs immediately at a time when the US economy was losing over 700,000 jobs per month. A secondary goal was to invest in programs that had gone unfunded like infrastructure, green energy, health and education. Specifically, the Act included increased spending for infrastructure projects, education, health, and energy. It also included federal tax incentives, an expansion of unemployment benefits and other social welfare programs. Since we are talking about Congress the Act also included many spending programs that were more long term and had very little to do with immediate jobs growth. The ARRA was based on the Keynesian economic principles that most Democrats subscribe to. This economic philosophy says that in times of recession or other economic peril it is the governments job to spend money to make up for the lack of spending in the private sector. When the government does this the increased federal spending keeps the economy going until the private sector can get back on its feet. The philosophy even goes as far as saying that the government should make work with the famous story that the government should hire workers to dig a hole and then hire them to fill it up again just to generate economic activity. Some very liberal economists actually complained that the Act was not Keynesian enough and didn't spend enough money to make a difference. When the bill passed Congress and was signed by the President it immediately went into effect. The cost of the Act included both new spending and the cost of tax cuts and breaks. On the spending side, the Act cost roughly $550 billion with most of the money going to new infrastructure (what President Obama called "shovel-ready" jobs), aid to low income individuals and the unemployed. Education spending including the No Child Left Behind program, energy incentives like subsidizes for homeowners who weatherized their homes and healthcare, especially an infusion of money into the COBRA program for unemployed Americans. On the tax side there were numerous new tax credits, a $250 payout to Social Security recipients, expanded earned income tax credits, college tuitions credits, homebuyer credits, home energy credits and expanded child credits. The total cost of the tax adjustments was roughly $250 billion. The long term impact of the stimulus is hard to determine. The President argues it saved the country from another Great Depression while Republicans argue it added almost a trillion dollars to the deficit and unemployment still hovers near 8% meaning that if the main goal of the stimulus was to save and create jobs it was a failure. Politically both sides continue to use the stimulus against each other and the fact that it's impact is hard to determine means that both sides have an argument to make. Economic Stimulus | Economic Stimulus Act of 2008 http://economicstimulus.org/economic-stimulus-act-of-2008/ http://youtu.be/W6dnyMAn1EU
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Complete video at: http://fora.tv/2008/02/05/Joseph_Stiglitz_Economics_of_Information Nobel Prize-winning economist Joseph Stiglitz argues that increasing unemployment compensation should be a necessary first step for any national economic stimulus plan. ----- Nobel Prize-winning economist Joseph Stiglitz ("Globalization and Its Discontents") talks about his new concept of economics, "The Economics of Information," and his latest book, "Making Globalization Work" - Asia Society Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.
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http://www.onlinesuccess-guaranteed.com "(Define-Economic-Stimulus)" Web definitions for Economic stimulus The Economic Stimulus Act of 2008 is an Act of Congress providing for several kinds of economic stimulus intended to boost the United States ... define economic stimulus,economic stimulus,definition RAHN: What is economic stimulus? - Washington Times 3 Dec 2008 ... How much should the US government spend on an economic stimulus program? If you have trouble answering the question, it is because it is the ... US Democrats Seek To Define Economic Stimulus Policy US Democrats from the House of Representatives held a two-day economic forum on Capitol Hill, and said they would soon propose a short-term economic ... http://www.onlinesuccess-guaranteed.com The Economic Stimulus Plan Is Really Just Economic Redistribution ... It's not an outside stimulus like the chest paddles or the transfusion. ... picture and result in a recession as you define it before one acutally exists .... The usually accepted economic definition of this economic condition is the ... define economic stimulus,economic stimulus,definition "STIMULUS" -- the Urban Dictionary definition - Mises Economics Blog "Stimulus" is slang for a sordid economic nostrum administered on the advice of ... http://www.urbandictionary.com/define.php?term=stimulus ... Define Economic Stimulus | Define Stimulus | Economic Stimulus ... Simple facts about the economic stimulus. Learn what it is, what the American government is doing to stimulate the economy, what caused the financial crisis ... http://www.onlinesuccess-guaranteed.com Define Economic Stimulus - Dogpile Web Search Find Define Economic Stimulus websites, images, videos, news and more. Get all the best search engines piled into one on Dogpile.com. define economic stimulus - AOL Video define economic stimulus,economic stimulus,definition Watch define economic stimulus videos free online at AOL Video. economic stimulus package in detail president bush's economic ... Posts tagged 'economic stimulus package in detail president bush's economic stimulus package define economic stimulus bush economic stimulus plan ... Please define the US 2009 economic stimulus plan...? - Yahoo! Answers Can someone give me an idea of what the US 2009 ec http://www.onlinesuccess-guaranteed.com stimulus: Definition, Synonyms from Answers.com stimulus n. , pl. -li ( ). Something causing or regarded as causing a response. ... Economic stimulus bill • Economic Stimulus Act of 2008, ... define economic stimulus,economic stimulus,definition define economic stimulus economic stimulus definition clinton clinton administration define define economic crisis definition dictionary definition economic stimulus economic stimulus package economy new economic stimulus search engines sign stimulus urban dictionary urban slang word definition search engine optimization search engine marketing web site seo web site optimization web site marketing search enigine positioning optimization seo
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Sen. Cornyn Comments on President-elect Obama's Proposed Economic Stimulus Package
Просмотров: 206 Senator John Cornyn
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111–5), commonly referred to as the Stimulus or The Recovery Act, was a stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama. To respond to the Great Recession, the primary objective for ARRA was to save and create jobs almost immediately. Secondary objectives were to provide temporary relief programs for those most affected by the recession and invest in infrastructure, education, health, and renewable energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. It also created the President's Economic Recovery Advisory Board. The rationale for ARRA was from Keynesian macroeconomic theory, which argues that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration. Shortly after the law was passed, Nobel laureate Paul Krugman, while supportive of the law, criticized the law for being too weak because it did not "even cover one third of the (spending) gap". Since its inception, the impact of the stimulus has been a subject of disagreement. Studies on its effects have produced a range of conclusions, from strongly positive to strongly negative and all reactions in between. In 2012, the IGM Forum poll conducted by the University of Chicago's Booth School of Business found 80% of leading economists agree unemployment was lower at the end of 2010 than it would have been without the stimulus. Regarding whether the benefits of the stimulus outweighed its costs, responses were more varied: 46% "agreed" or "strongly agreed" that the benefits outweighed the costs, 27% were uncertain, and 12% disagreed or strongly disagreed. IGM Forum asked the same question to leading economists in 2014. This new poll found 82% of leading economists strongly agreed or agreed that unemployment was lower in 2010 than it would have been without the stimulus. Revisiting the question about the benefits outweighing the costs, 56% strongly agreed or agreed that it did, 23% were uncertain, and 5% disagreed. Economists such as Martin Feldstein, Daron Acemoğlu, National Economic Council director Larry Summers, and Nobel Memorial Prize in Economic Sciences winners Joseph Stiglitz and Paul Krugman favored a larger economic stimulus to counter the economic downturn. While in favor of a stimulus package, Feldstein expressed concern over the act as written, saying it needed revision to address consumer spending and unemployment more directly. Just after the bill was enacted, Krugman wrote that the stimulus was too small to deal with the problem, adding, "And it's widely believed that political considerations led to a plan that was weaker and contains more tax cuts than it should have — that Mr. Obama compromised in advance in the hope of gaining broad bipartisan support." Conservative economist John Lott was more critical of the government spending. On January 28, 2009, a full-page advertisement with the names of approximately 200 economists who were against Obama's plan appeared in The New York Times and The Wall Street Journal. This included Nobel Memorial Prize in Economic Sciences laureates Edward C. Prescott, Vernon L. Smith, and James M. Buchanan. The economists denied the quoted statement by President Obama that there was "no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy". Instead, the signers believed that "to improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth." The funding for this advertisement came from the Cato Institute. On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term-growth path". This letter was signed by Nobel Memorial laureates Kenneth Arrow, Lawrence R. Klein, Eric Maskin, Daniel McFadden, Paul Samuelson and Robert Solow. https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
Просмотров: 324 The Film Archives
On "Meet the Press with David Gregory," Governor Jennifer Granholm is asked what a Federal economic stimulus package should contain. From 12/14/2008. For more, visit www.jennifergranholm.com.
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The American Recovery and Reinvestment Act of 2009 -- more commonly known as the Economic Stimulus Package -- was part of the federal government's response to the significant economic downturn of late 2008 and early 2009. The law was passed in February 2009 and was one of President Obama's first major economic initiatives. To learn more about American Recovery And Reinvestment Act Of 2009 visit http://www.lawinfo.com/business-finance.html
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Feb. 5 (Bloomberg) -- Alan Levin, chief executive officer at Northeast Building Products, talks with Bloombergs Betty Liu about the impact of the government's economic stimulus program on his company. Levin also discusses his change of perspective on the program. (Source: Bloomberg)
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