Key arguments for and against the stimulus package?
Im writing a paper for my International Busniess class and my topic covers the Stimulus package. Like the Q implies i am just looking for key arguments that are for and against the recovery act 2009. Dont need anything personal just an overview and any links would be great. Thanks
Asked By: Drift King - 2/23/2010
Best Answer - Chosen by Asker
Why do recessions happen? To clear out the bad investments accumulated during a boom. The economy cannot truly recover until those investments are cleaned out of the system. Government efforts to cut the liquidation short will prove to extend the duration of the process, not make it shorter. "Stimulus" is designed... More
Answered By: mtlmnr49 - 2/23/2010
Additional Answers (4)
THINK OF IT THIS WAY... A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year. A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons a year. The average Cash for Clunkers transaction will actually reduce US gasoline consumption by 320 gallons per year/vehicle. They claim... More
Answered By: knowitall - 2/23/2010
GENERALLY, that,that is given freely, is usually very expensive in the long-run !
Answered By: Sweetdaddy Rex - 2/23/2010
Simply..probably over simply put, how can we continue to pay out funds when there are none left? We are so far in debt we will never get out. Its a false sense of security and puts a band aid on a bullet wound.
Answered By: Jody - 2/23/2010
My main argument is that we are trillions in debt. We do not have the money that was spent. Obama doesn't have the right to give corrupt Executives money we don't have. Technically he can since he is the president, but you can't spend your way to a better economy.
Answered By: srmracer67 - 2/23/2010
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