Us Economy Plan

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The US economic stimulus package provides up to $600 rebates for individuals and $1200 for couples plus $300 per child, with additional rebates for low-income retirees and military veterans. The $150 billion package aims to help ordinary Americans during the economic downturn by stimulating consumer spending and business investment, though some politicians worry it will significantly increase budget deficits.

Business News & Politics

US economic stimulus package BBC BUSINESS ENGLISH February 08 Letizia Cinganotto

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1. The need for managers in the many new businesses of the late 1800s contributed significantly to the growth of a. the middle class. b. America's expanding debt. c. payroll clerks. d. big business. e. company takeovers. 2. How did business owners respond to the growth of unions and the labor movement? a. They cut wages and hours. b. They appealed to Congressmen to outlaw unions. c. They required workers to sign yellow dog contracts or created blacklists. d. They planted spies among union members. e. They promoted suspected organizers to the management level, thereby negating their union membership 3. Among the American Federation of Labor's successes were all of the following except a. setting a new standard workday from ten to eight hours. b. serving as an umbrella for the many craft unions. c. arbitrating disputes to ensure worker solidarity rather than competition between different groups of workers. d. becoming the leading labor organizations in the 1880s by appealing to middle class Americans as well as the working class. e. The AFL achieved all of these successes. 4. One of the earliest American preservationists was a. Andrew Carnegie. b. Jay Gould. c. John Muir. d. John D. Rockefeller. e. Thomas Edison. 5. As the Industrial Revolution progressed in America, all of the following occurred except a. Cities grew rapidly. b. People moved from farms to cities. c. Immigration became less important to America. d. Large-scale corporate firms dominated the American economy. e. Family businesses became less important to America's economy. 6. The Tweed Ring, working out of Tammany Hall, was a. a political machine designed to help workers get jobs. b. famously run by "Boss William Tweed," the leader of the dominant Democratic political organization or "machine" in New York City. c. a Chicago political machine. d. noted for helping the poor and the destitute. e. a haven for newly arrived immigrants. 7. Racism was a particularly important incentive for poor white voters supportive of the Democratic ticket in the South because a. keeping black people as an underclass in southern society was important to poor whites' sense of self-worth and economic well-being. b. poor southern whites had too often suffered the arrogant abuse from free blacks in Southern cities. c. poor southern whites lacked the education to understand the true equality of people of all colors. d. poor whites stood to gain economically from the plight of black Southerners 8. The Haymarket strike led to: a. the founding of the Knights of Labor. b. growing anti-union sentiment nationwide. c. increased union membership across the country. d. new government policies about arresting strikers. e. a huge victory for the American Federation of Labor. 9. Vertical integration meant a. buying up all competitors. b. breaking up older but less competitive monopolies. c. owning all aspects of production and dist ...

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In the first quarter of 2009, President Obama pushed his massive fiscal stimulus package of $862 (It was originally at $787 billion) through the Congress and later passed by the House and the Senate, whose centerpiece was spending most of this stimulus funds in repairing and building infrastructure in transportation, healthcare, science and technology, and education. Pres. Obama also urged to make a modest tax cut for middleincome families making a household income less than $250K per year (it has been modified to $400k starting from January 2013). The push for this combined package of spending and partial tax cut was also criticized by several opponents in politics, academia, and businesses on the ground that the spending was too large under government financing to balance the growing budget deficit and national debt that might threaten future economic stability of the country. A) What possible macroeconomic arguments might President Obama use to defend his $862 billion fiscal stimulus package as a part of his economic recovery plans? B) What were the macroeconomic arguments the critics might have expressed in their opposition to stimulus package as a bad economic policy, and not just for the US, but also for the world economy? Do they sound to have a trickle down adverse effect in the current or future financial stability in the US and the World economy, say later in 2013 and beyond? Do you think this issue is also related to the current political rhetoric between the GOP and Democrats on raising the tax rates for the wealthy making over $250K annually and leave the Bush Tax cut for the middle class (expired on Dec 31, 2012, with modification of extending the tax cut up to $400K per household)? With the new fiscal bill of President Obama passed by the US Congress on Jan 2nd of 2013, how would it affect the economy in the next two years starting from Jan 2013? Note: President Obama is expected to propose further stimulus package in his 2015 State of the Union Address of Jan 20, 2015 on the basis of the same principle for boosting the middle class economy. C) Recent data shows a sudden decline of RGDP growth rate in China after continuous robust economic growth for more than a quarter of century. In response to this early sign of recession, on April 19, 2015 the central bank of China has reduced its reserve requirement ratio by another 1% that it has started reducing since Nov 30, 2011. This is the second time since Feb 4, 2015 that the Central Bank of China reduced its RRR this year. In reaction to that biggest one time reduction of RRR was a sharp spike in stock market prices worldwide within hours. What would happen to the growth rate of the money supply in China if foreigners lost confidence in the Chinese Economy as a result of current uncertainty over the declining rate of economic growth and aggressive reduction of RRR by its Central Bank? Explain briefly. D)Using the Keynesian Cross model diagram (The diagram with 45 degree line by sp.

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Lawmakers on Capitol Hill have been negotiating over a new package of economic and public health support to combat COVID-19. Congress has already enacted $3.7 trillion of spending, tax cuts and deferrals, loans, and other fiscal aid, but some of this support is now expiring, particularly expanded unemployment benefits. On July 31st, Committee for a Responsible Federal Budget senior vice president Marc Goldwein presented a webinar titled "Where Does the Next Phase of COVID Relief Stand?" This slide deck was made to accompany that webinar.

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Watch the following video and respond to the questions below: https://www.youtube.com/watch?v=ImQrUjlyHUg (1) What is your opinion of Mark Pagel's explanation of language and humanity? (i.e., do you think his explanation of the evolution of language adequately addresses how humans have been impacted by the ability to communicate). (2) How do you think "social learning" has influenced humanity? (think of the good and bad). (3) Are there any additional thoughts that came to mind as you were watching this video? Don’t Look Back in Anger at Bailouts and Stimulus By Alan S. Blinder And Mark Zandi The Wall Street Journal Oct. 15, 2015 6:32 p.m. ET Former Federal Reserve Chairman Ben Bernanke in an Oct. 6 interview on the Fox Business Network. PHOTO: RICHARD DREW/ASSOCIATED PRESS Without the emergency measures of 2008-09, the U.S. economy would be far worse off today. The publicity surrounding former Federal Reserve Chairman Ben Bernanke’s memoir prompts a look-back at the stunning array of policy responses promulgated by the Fed, Congress and two administrations to avert catastrophe during the financial crisis in 2008-09. This is important because many of these initiatives haven’t aged well in the eyes of politicians and the public. TARP, fiscal stimulus, quantitative easing and auto bailout remain dirty words to many people who increasingly blame them for prolonging the Great Recession and the slow pace of recovery. But in a study released Thursday for the Center on Budget and Policy Priorities, we found the reverse to be true: These extraordinary policies ended the crisis and jump-started an economic recovery that is stronger in the U.S. than in most countries. Specifically, we estimate that: • The peak-to-trough decline in real gross domestic product, which was barely more than 4%, would have been close to a stunning 14%. • The contraction would have lasted three years, more than twice as long as it did. Don’t Look Back in Anger at Bailouts and Stimulus By Alan S. Blinder And Mark Zandi The Wall Street Journal Oct. 15, 2015 6:32 p.m. ET • More than 17 million jobs would have been lost, about twice the actual number. • Unemployment would have peaked at just under 16%, rather than at 10%. • The federal budget deficit would have ballooned to $2.8 trillion, equal to 18% of GDP, compared with its actual peak of 10%. • Today’s economy would be far weaker than it is—with real GDP about $800 billion lower, 3.6 million fewer jobs, and unemployment still at 7.6%. The overwhelming nature of the fiscal and monetary policy responses is the main reason we didn’t suffer a much-worse fate. Yet history is in danger of giving the powerful 2008-09 responses a misguided Bronx cheer. Start with TARP. The Troubled Asset Relief Program was deeply unpopular in part because it was so large—a $700 billion bailout fund—and aimed primarily at “Wall Street.” It felt wrong to bail out guilty parties, and many.

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Us Economy Plan

1. US economic stimulus package BBC BUSINESS ENGLISH February 08 Letizia Cinganotto

5. What does the plan include?

10. Did President Bush welcome the plan? Why?

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12. Why are some politicians worried?

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Us Economy Plan

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