What are everyone's preferred means of stimulus in downturns. Do you think there should be a built-in system of stimulus (such as NGDP targeting) or do you think it should be reactionary? Fiscal, monetary, both, or neither? And why?
Share and discuss opinions below.
The Fed pushed back its expected date of increasing near-zero rates to late 2014 as they expressed caution about the recent signs of potential recovery. Bernanke also said that they will be considering further bond purchases (quantitative easing) as core inflation remains below 2 percent...
[SIZE="3"]Budget Office: Obama's Stimulus Failed on Jobs
Wednesday, 23 Nov 2011 12:34 PM
By Paul Scicchitano
Source: http://www.newsmax.com/Headline/obama-stimulus-fewer-jobs/2011/11/23/id/419003?s=al&promo_code=D953-1
The Federal Reserve will consider more stimulus, most likely in the form of further QE, as economic outlook continues to look bad. Meanwhile, President Obama has suggested a $400 billion+ stimulus plan on the fiscal end.
source...
President Obama called for further stimulus in the form of construction loans as well as extended payroll tax cuts as unemployment figures continue to disappoint. He also proposed tax hikes for the rich to aid with debt woes. The statement comes at a weird time as Congress continues to struggle...
Obamas stimulus package was finally approved by the House and Senate. It went through the House without a single Republican vote (and 7 Dems against). Only 3 GOP senators voted for it.
It looks like all the bipartisan meetings on the hill were for show and tell, this bill went through...
So Obama now has two separate plans for fixing our economy. An $819 billion dollar stimulus package and Geithner is working on a new plan (new details to be released later, cost unknown as of yet).
Where in the world is this money coming from? After the first stimulus and after learning...
The House is expected to vote on President Obama's $825 billion stimulus plan today. There has been a lot of debate over whether all of the money is being used the right way and even if it is all necessary. Republicans are saying that some of the spending is excessive and the tax cuts aren't...