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All items tagged stimulus plan

 

Global Must Read Articles

February 16, 2009 | Europe: Incoordination Means Protectionism

The EU responded to the financial crisis in an uncoordinated fashion. ++ When stimulus plans are implemented on the national level, governments will go out of their way to keep the money in the national economy and bend competition rules. ++ Three effects follow: stimulus plans are compromised, the single market is adversely influenced, and an “existential threat to monetary union”

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February 6, 2009 | Obama's Stimulus Plan: the Right Medicine This Article contains Flash-Video

The response to an economic crisis which is very reminiscent of the Great Depression needs to reflect the urgency of the situation. ++ The stimulus plan now standing before Congress will bring the change hoped for because it is “more than a prescription for short-term spending — it’s a strategy for America’s long-term growth and opportunity in areas such as renewable energy, health care

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January 27, 2009 | What's With the Republicans?

Republicans are very slow to understand that their policies have worked against America. ++ Their illusions are reflected in their doubts over the President’s stimulus plan: they argue that it legitimates excessive spending at a time when the continuous shedding of labour requires conservative spending. ++ G.O.P policies which redistributed wealth to those on the top of the income ladder

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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 9, 2009 | Obama: Big On Words, Small On Action?

When President Obama speaks of the current state of the US economy, his rhetoric reveals the gravity of the situation. ++ Yet, his actions fall short of his words, with US analysts arguing that his stimulus plan will do little to address the fast forming “output gap” and the expected upsurge in unemployment rates that will follow from lost production. ++ Whatever the reasons for his

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January 7, 2009 | Obama Suggests Tax Cuts To Stimulate Economy

President Obama has introduced a new stimulus plan to revive the US economy. ++ While the plan aims to reduce tax payments by $300 and provide relief to both families and business, US officials warn against the unnecessary spending that usually accompanies tax cuts. ++ While the complete plan has yet to be worked out, the Obama administration has characterized it as ‘ideologically

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