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The Economic Stimulus
       Package
 What it is, what it does, and
   what it means for you.
background
• we know that the economy is not doing
  well right now.
• largest recession since the 1930’s.
• remember what...
the plan
• the Obama administration is hoping
  that by increasing spending and tax
  cuts, people will start spending mon...
democrats’ plan
• use spending to stimulate the
  economy.
• how does spending help the economy?
• improve infrastructure,...
republicans’ plan
• stimulate the economy with tax cuts.
• let people keep more of their own
  money and that will improve...
what got passed
• $787 billion bill
• only 3 Republicans supported it in the
  Senate, none in the House.
• $70 billion in...
what does this mean?
• tax breaks for buying new car or first
  house.
• sdditional $13 per month for workers.
• most econ...
what do you think?
• what should the government do, if
  anything, to improve the economy?

• on a separate piece of paper...
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Economic Stimulus Package

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Transcript of "Economic Stimulus Package"

  1. 1. The Economic Stimulus Package What it is, what it does, and what it means for you.
  2. 2. background • we know that the economy is not doing well right now. • largest recession since the 1930’s. • remember what government agency tries to regulate the economy? • who takes care of monetary policy? fiscal policy?
  3. 3. the plan • the Obama administration is hoping that by increasing spending and tax cuts, people will start spending money again & that will fix the economy. • republicans agree that the economy needs help, they just think it should be done differently.
  4. 4. democrats’ plan • use spending to stimulate the economy. • how does spending help the economy? • improve infrastructure, build/renovate schools, develop “green” industries, etc. • what does this sound like from history?
  5. 5. republicans’ plan • stimulate the economy with tax cuts. • let people keep more of their own money and that will improve the economy. • smaller government = better government
  6. 6. what got passed • $787 billion bill • only 3 Republicans supported it in the Senate, none in the House. • $70 billion in tax cuts, the rest in spending • Obama “not ruling out a second stimulus bill.”
  7. 7. what does this mean? • tax breaks for buying new car or first house. • sdditional $13 per month for workers. • most economists say most job creation will happen in 2010. • www.recovery.gov tracks all the spending.
  8. 8. what do you think? • what should the government do, if anything, to improve the economy? • on a separate piece of paper, write AT LEAST one solid paragraph to turn in. backup your opinion with reasoning.
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