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All items tagged stimulus package

 

Open Think Tank Articles

April 17, 2009 | Greening the Debt

Jakob von Weizsäcker: It is still possible to stop climate change in this current economic environment. Governments should “green the debt” from their fiscal stimulus packages by repaying it with proceeds from higher carbon taxes and cap and trade systems, improving both economic and environmental sustainability.

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February 16, 2009 | The End of Bipartisanship?

Fabian Wendenburg: The stimulus package has been the first real test of Obama’s promised bipartisanship. But after it attracted only three senators and no congressman of the GOP, last week was a vivid reminder that it will be hard to overcome differences of principle and culture.

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Global Must Read Articles

June 8, 2009 | Why Protectionism Could Intensify the Crisis

The current economic
and financial crisis is often compared to the worldwide crisis of 1929. At the
time many countries reacted with increased tariffs and currency depreciation,
which resulted in severe international consequences. Today the danger that protectionist
measures could further intensify the crisis looms again. Subsidizing national
businesses has become increasingly popular, as

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March 3, 2009 | A "Green Stimulus" for Growth and Jobs

The
inauguration of US President Obama was overshadowed by the financial crisis,
which for the time being will set the agenda in the White House. High on the
list of priorities is the nearly 800 billion US dollar stimulus package. In the
face of this large sum, the political attention it attracts and the sustained
efforts required to manage the crisis, the current Congress will have

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February 19, 2009 | Better Than the Middle Class Hiding the Money Away

Pushing through a horrible stimulus package quickly was necessary, otherwise it would have been too late. ++ It may be too late for the economy, but at least money goes to the poor, who will spend it quickly on necessities. ++ The package lacks real innovation, like resources for re-integrating prisoners, flexible help for poor areas, things that would build up the assets of poor people rather

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February 12, 2009 | Mr. Obama, Safety Should Preceed Speed

Obama seems to be certain that “disaster” and “catastrophe” will materialize should the stimulus legislation fail to be adopted promptly. ++ How can he be so sure? Overconfidence is not an unfamiliar trait in Washington: Kennedy and Johnson were plagued by it. ++ This time, a little more prudence would not hurt; $789 billion are at stake and ineffective spending would be unpardonable. ++ After

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February 5, 2009 | Global Energy Infrastructure Needs Higher Investment

The financial crisis has put the brakes on a sustainable energy market for now. Investment in the last half of 2008 was only half of what it was in 2007. “Green investment” during financial crisis will be considered an ever greater luxury. At the same time it is increasingly important for the largest energy carries to make the switch and begin reducing carbon emissions. If one waits until the

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January 29, 2009 | PM Harper's Hobson Choice

Last seen clutching on to power by the skin of his teeth in the Fall, Canadian PM Harper has come back with a massive $2.5m bail-out plan. ++ “Can there be any greater act of capitulation for a former head of the anti-government National Citizens’ Coalition than actually increasing the size of government?” ++ This new budget is entirely void of ideology and marks a complete U-turn

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January 26, 2009 | The Dawn of Liberalism

US liberalism has enjoyed popularity in cycles. ++ In the 1980s, liberal ideas were at a low as social unrest and low wages reflected “liberal governance [as] demanding far too much sacrifice.” ++ Obama is eager to revive the pre 1970s conception of liberalism and to that end he needs the stimulus plan to work, energy plans not to shed labor and the American hegemony to be revived

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January 13, 2009 | Outcome of Return to Keynesianism Is Uncertain

The Fed’s decision to pour tons of new dollars into the US economy has not staved off recession. ++ The government is in fact the main beneficiary of the huge increase in the monetary base: deposits which the public are too uneasy to borrow have been put into the Treasury to be spent by the government. ++ This is Keynesian economics, characterized this time by unparalleled government

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