Word: stimulus
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...create jobs or generate long-term growth," he proclaimed in his first budget to Congress. But "at this particular moment, government must lead the way." A partial Obama to-do list, only some of it done, includes a remake of the health care and energy sectors; a $787 billion stimulus bill aimed, so far, mostly at public employment; takeovers of General Motors and Chrysler; a "pay czar" to cut salaries at bailed-out banks and a proposed new consumer-protection agency to police the nation's lenders...
President Obama has proposed new stimulus packages for working Americans and aims to create five million new jobs. While everyone seems to be tightening their belts on spending this holiday, you won’t break the bank by similarly helping someone with their business. According to the World Bank, nearly one and a half billion people survive on less than $1.25 a day. Whether it be helping a basket-weaver in Ecuador or a sheep-herder in Kazakhstan, the organization Kiva.org allows you to play banker by investing small amounts of money in someone’s start...
Although the 2009 federal stimulus plan helped prevent a global depression, America still feels the pinch of hard times. Unemployment hovers around 10 percent and the country’s GDP remains significantly below 2007 levels. With this in mind, the Congress should welcome Obama’s recent suggestions for renewed efforts to stimulate the economy...
Some liberal economists have maintained that the stimulus bill in February was not big enough to fill the economic crater left by the financial crisis. Obama aides refused to endorse that position, even after Obama began planning another stimulus effort in September. Though the Great Recession is officially over, credit remains scarce, unemployment hovers above 10%, commercial real estate is crashing, home foreclosures are rising, and many state and local governments are teetering on the brink of insolvency. The nation, in other words, is out of the operating room but not yet home from the hospital. "If we go back...
...used to the discordance. Once the next stimulus is passed, Obama will make reducing a record-breaking deficit a theme of his State of the Union address in January. His second and third years in office will turn on whether he can fix the economy while still reducing the deficit and bringing two wars to a close. If he succeeds, he will enter the 2012 campaign in a strong position for re-election. If he fails, even he may not want the job of cleaning up the mess...