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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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 email@example.com, 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's announcement of a R50-billion rand infrastructure programme, aimed at stimulating economic growth and job creation, has been broadly welcomed. Here's what some political parties think of the plan. For more news, visit: sabcnews.com
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As we've been reporting, it is a big week for South Africa. President Cyril Ramaphosa last week announced an economic stimulus package to get the economy growing, and create jobs. Joining us in the studio is lecturer at the Gordon Institute of Business Science at the University of Pretoria, Buyani Zwane. For more news, visit: sabcnews.com
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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.
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1. US President George W. Bush walking into Roosevelt Room 2. SOUNDBITE: (English) George W. Bush, U.S. President: "After careful consideration, and after discussions with members of Congress, I have concluded that additional action is needed. To keep our economy growing and creating jobs, Congress and the administration need to work to enact an economic growth package as soon as possible." 3. Bush speaking 4. SOUNDBITE: (English) George W. Bush, U.S. President: "This growth package must be big enough to make a difference in an economy as large and dynamic as ours - which means it should be about 1 percent of GDP (gross domestic product). This growth package must be built on broad-based tax relief that will directly affect economic growth - and not the kind of spending projects that would have little immediate impact on our economy. This growth package must be temporary and take effect right away." 5. Wide of Bush speaking 6. SOUNDBITE: (English) George W. Bush, U.S. President: "To be effective, a growth package must also include direct and rapid income tax relief for the American people. Americans could use this money as they see fit - to help meet their monthly bills, cover higher costs at the gas pump, or pay for other basic necessities. Letting Americans keep more of their own money should increase consumer spending, and lift our economy at a time when people otherwise might spend less." 7. Zoom in on Bush speaking 8. SOUNDBITE: (English) George W. Bush, U.S. President: "By passing an effective growth package quickly, we can provide a "shot in the arm" to keep a fundamentally strong economy healthy. And it will help keep economic sectors that are going through adjustments, such as the housing market, from adversely affecting other parts of our economy." 9. Wide of Bush and officials leaving room STORYLINE: US President George W. Bush, acknowledging the risk of recession, embraced about 145 (b) billion US dollars worth of tax relief on Friday to give the US economy a boost. Bush said such a growth package must also include tax incentives for business investment and quick tax relief for individuals. He outlined several criteria for the package to meet. Bush said that to be effective, "This growth package must be big enough to make a difference in an economy as large and dynamic as ours - which means it should be about 1 percent of GDP (gross domestic product)" - the value of all US goods and services and the best measure of the US' economic standing. "This growth package must be built on broad-based tax relief that will directly affect economic growth - and not the kind of spending projects that would have little immediate impact on our economy," Bush said. "This growth package must be temporary and take effect right away." The president and Congress are scrambling to take action as fears mount that a severe housing slump and painful credit crisis could cause people to close their wallets and businesses to put a lid on hiring, throwing the world's largest economy into its first recession since 2001. The state of the economy has become a major topic in the US presidential campaign, replacing the Iraq war. Bush said that Congress and the administration need to settle on a temporary economic package that could be implemented quickly to "keep our economy growing and create jobs." "Letting Americans keep more of their money should increase consumer spending," he said. Specifically, he called for tax incentives for businesses, including small companies, to make new and major investments this year. He also called for tax relief for individuals - probably to come in the form of one-time rebates. Nor did Bush detail how the US would pay for such a plan. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/b353ba132391c19a0ab60edfeffb88ec Find out more about AP Archive: http://www.aparchive.com/HowWeWork
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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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Using my hands and the help of these newfangled things called computers, I endeavor to show what the economic stimulus package is trying to do. Whether or not it'll work out well I don't know, but this is basically what the bill will mean to college aged students around the country.
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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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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
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What does the economic stimulus package mean for small businesses?
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Subscribe to our channel http://bit.ly/AJSubscribe US president-elect Barack Obama has outlined more details of a plan to fix the United States' faltering economy. If approved, it would be the largest investment in American infrastructure since the 1950s and would cover projects including health care, roads, and broadband communications. But the one thing Obama has not done is put a price on it. Rosiland Jordan reports. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
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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
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http://www.euronews.com/ The Japanese Prime Minister Shinzo Abe has announced an 87 billion euro stimulus package to create jobs and boost the recession-hit country. The move comes despite concerns about Japan's public debt, which is already more than twice the size of its 3.7 trillion euro economy. Abe said: "I recognise that fiscal discipline is extremely important. I will aim towards returning the primary balance to the black." "But without economic growth, there is no hope for the future of Japan and for rebuilding our finances," he added. The package aims to create more than half a million jobs and boost economic growth by two percent. The stimulus is a combination of construction projects, subsidies to companies and loan guarantees for small firms. Financial analysts, including investment bank Nomura, said the stimulus would give the economy a big lift. Japan's Nikkei stock index jumped on the news, gaining 1.4 percent after Abe's announcement. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
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Rep. Baron Hill (D-Ind.) asks Bill Beach, director of the Center for Data Analysis at The Heritage Foundation, about the pros and cons of an economic stimulus package. Beach testified on Jan. 16, 2008, before the Joint Economic Committee of Congress. http://blog.heritage.org/2008/01/16/what-should-congress-do-to-avoid-a-recession/
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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 firstname.lastname@example.org www.stockaninews.com
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Economic Stimulus Or Obama Stimulus http://economicstimulus.org/obama-stimulus/ What is an economic stimulus, and why you really need to know If you'd ask the question "what is economic stimulus?",then you'd be surprised to know that answer isn't that complicated at all. Stimulus, in economics, refers to efforts to utilize fiscal or monetary policy in stimulating the economy. It could also mean monetary policies for instance quantitative easing and lowering interest rates. Even though you may not be amongst the people that have been affected straight by the financial decline drastically, you will find nevertheless methods in which you might advantage from the stimulus package effects. Injecting the economy with consumer spending could be the major objective of your stimulus package. The car and housing markets, exactly where manufacturers and builders have suffered significant losses in preceding months, happen to be the major concentrate. Folks who're in a stable economic condition could benefit the most here. Tax credits for very first time homebuyers are supplied by one of several main provisions within the stimulus package. Individuals who will acquire their initially home would definitely advantage from an awesome modify inside the first time tax credit of homebuyer. The new homebuyer tax credit was elevated to 8000 dollars from the prior 7500 dollars. Additionally, the tax credit isn't required to be repaid. The taxpayer is home free of charge provided that the taxpayer chooses to remain within the property and considers it as his/her primary residence for three years at the very least. Get Support From A Trusted Debt Specialist From CuraDebt Individuals who uncover themselves inside a position to be capable to select to purchase a brand new truck or car or a list of big ticket products which include a refrigerator or possibly a new bathroom suite or perhaps maybe a brand new kitchen would possess the opportunity of deducting the sales tax. People that reside in states that has high state taxes would considerably benefit from this. Because the credits begin to phase out for larger revenue taxpayers, you'll want to check the limitations of taxpayers for these credits. The stimulus bill expands the tax advantages for workers so this can be for those people who use public transportation drastically. Regardless of no matter whether the employer pays for the advantage, the cash that is spent on transportation is regarded as tax free. All round, the economic stimulus package's principal goal is instilling the self-confidence that's necessary for economic climate development restoration and confidence and with no all 3 of those elements the economy would not have a opportunity of development. Monetary policy had currently performed its aspect so it really is clear that fiscal policy is necessary. The program would also be accountable in restoring trust within the finance sector by limiting further the bonuses for the senior executives of companies (that received TARP funds). The economic stimulus package was actually a results (in line with economic indicators). But not all the results could be attributed for the package due to the fact strong emerging markets also helped in boosting the economic climate. Nonetheless, stimulus package was accountable for finding the self-confidence necessary in turning our economy around The American Recovery and Reinvestment Act of 2009, or ARRA.It is usually called by many, the Stimulus or The Recovery Act.Was signed into law on February 17, 2009, by President Barack Obama.Further info Here go to:http://economicstimulus.org/obama-stimulus/ Most associate the recovery act with the Stimulus Check. Economic Stimulus Obama Stimulus Stimulus Package Economic Stimulus Package What Is Economic Stimulus Economic Stimulus Or Obama Stimulus http://economicstimulus.org/obama-stimulus/
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Cato Senior Fellow Daniel J. Mitchell debates Will Straw of the Center for American Progress on Obama's economic plan.
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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.
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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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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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(7 Feb 2009) SHOTLIST 1. GRAPHIC: (English) "Your weekly address - February 7, 2009 2. SOUNDBITE: (English) Barack Obama, US President: 3. GRAPHIC: (English) "www.whitehouse.gov" STORYLINE: With the Senate moving toward a tenuous compromise on the White House's economic stimulus plan, President Barack Obama hammered at the urgent need to pass a bill that will jump-start the struggling economy and put people back to work. "Americans across this country are struggling, and they are watching to see if we're equal to the task before us. Let's show them that we are. And let's do whatever it takes to keep the promise of America alive in our time," Obama said Saturday in his weekly radio and Internet address. Obama made an aggressive push for House and Senate lawmakers to work quickly to resolve their differences in an economic bill whose pricetag has swung from 720 (b) billion upward toward a (tr) trillion dollars. The new president had hoped to sign economic legislation on his first day in office, but instead has spent his first three weeks in office wrangling with a reluctant Congress, including fellow Democrats, to heed his leadership. He started his address by making reference to the loss of on estimated 3.6 (m) million jobs since the beginning of the recession but quickly spoke about the legislative victory he scored on Friday when Senate Democrats reached agreement with a small group of Republicans on an economic stimulus package. "Democrats and Republicans came together in the Senate and responded appropriately to the urgency this moment demands," said Obama. "The scale and scope of this plan is right. And the time for action is now." Democratic leaders expressed confidence the concessions they had made to Republicans and moderate Democrats to trim the measure had cleared the way for its passage. No final vote was expected before Monday. Officials put the cost of the stimulus bill at 827 (b) billion US dollars, including Obama's signature tax cut of up to one-thousand US dollars for working couples, even if they earn too little to pay income taxes. Also included are breaks for homebuyers and people buying new cars. Much of the new spending would be for victims of the recession, in the form of unemployment compensation, health care and food stamps. The agreement announced on Friday night capped a tense day of backroom negotiations in which Senate Majority Leader Harry Reid, joined by White House chief of staff Rahm Emanuel, sought to attract the support of enough Republicans to pass the measure. Democrats hold a 58-41 majority in the Senate, including two independents, but it takes 60 votes to pass the bill because it would raise the federal deficit. Earlier in the week Obama had ratcheted up the pressure on lawmakers as a new jobs report posted the worst results in a generation, 598-thousand positions lost in January and the US unemployment rate rising to 7.6 percent - the highest since September 1992. While the Democrats' majority in the House of Representatives allowed them to pass their 819 (b) billion US dollars version of the stimulus package even though they won no Republican support, Senate passage had proved far more difficult. If the plan passes in the Senate, both versions would have to be reconciled and more changes could still come. Obama and his advisers have grown more assertive in recent days, reminding Democrats that voters gave them the White House, the House and the Senate to bring change, not partisan gamesmanship. "That was, after all, what last November's election was all about." Republicans characterised Obama's rhetoric as arrogant. They have pushed for the bill to include more tax cuts and less spending. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/35408e9eacf4e4f2a0d33edef84cdd1d Find out more about AP Archive: http://www.aparchive.com/HowWeWork
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The Congressman also appeared on MSNBC this morning to discuss the same issue. One commentator suggested that Paul's analysis was misguided because "The house is already on fire" and something must be done to put it out. "You are correct, the house is on fire," Paul fired back, "and you think you're putting water on it, but I think you are pouring kerosene on it." he added. "We got into this mess by spending too much, borrowing too much and inflating too much. Government was too big and we had too many regulations. We had rejected the market economy for decades, we have rejected the notion of sound money for decades, and we got into a mess this way. So what is the proposal? Spend more money, borrow more money, print more money, regulate more, it makes no sense whatsoever." Paul asserted. The Congressman suggested that a more sound approach to the crisis would be to abolish income tax and business tax to get Americans spending, whilst simultaneously cutting overseas spending to cover revenue losses. "But the problem is no one wants to cut the American Empire," Paul explained. "Even Obama's administration wants to increase spending overseas and increase military spending. As long as you want to run the world empire at a trillion dollars a year, believe me you cannot solve this problem." he added.
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President Cyril Ramaphosa has unveiled a plan to stimulate the South African economy. This after first and second quarter GDP figures pointed to a recession following two consecutive contractions. Ramaphosa says the stimulus package will be implemented immediately to restore business confidence and prevent further job losses. . Lets discuss this the stimulus plan further now. We are joined in studio by Busisiwe Mavuso the COO of Business Leadership SA and Chairperson of DBSA. For more news, visit: sabcnews.com
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George Bush's "Stimulus Plan" WILL NOT STIMULATE AMERICA'S ECONOMY He is throwing money at us to distract us from the real issues. The government doesn't think Americans are smart enough to figure out that this plan won't work. They think we are way too dumb to understand the real issues. This is ALL GOVERNMENT.. not just Republicans and/or Democrats - they are one in the same.. and we all know it and have talked about it for decades! Watch this video to find out why the stimulas plan won't work.. AND what you can do with your stimulas package to get the most out of it for Americans!!! VOTE RON PAUL IN 2008!
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Dennis and Sally from the Center for Community Change take to the streets of NYC asking folks to help explain what's in President Obama's first economic stimulus package.
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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 those who are currently working and employed.
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CSPAN 01-28-2009 13 27 20 As you know, we're dealing with one of the worst economic climates in history. 2.6 million jobs lost last year. The worst housing market since the Geat Depression. Financial turmoil that has threatened the savings and retirement of millions. That's the context in which this Administration is taking office. As we move to confront this crisis, we welcome the criticism of our Republican friends and others, but let's put that criticism in some context. Again, not for a partisan sense, but for a sense of instruction of the perception of what worked and what did not.
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The Democratic Alliance has cast doubts on President Cyril Ramaphosa's economic stimulus recovery plan. The DA says it does not believe that the plan will be able to sustain and change the fortunes of South Africa. Speaking to the SABC, DA leader Mmusi Maimane, says the plan does not go far enough especially in the light of South Africa's much needed reform. For more news, visit: sabcnews.com
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