Bring HARD copy to class to hand in; AND Post in Class Messages
I Current Event Topic
The $880 billion stimulus –The American Recovery and Reinvestment Act
II Source/Reference/citation
http://knowledge.wharton.upenn.edu/article/nobel-laureate-paul-krugman-too-little-stimulus-in-stimulus-plan/
http://www.lexology.com/library/detail.aspx?g=c2b4d136-68b4-48c0-967a-3dae281b4b69
Carol Berkin et al. (2011).XXXXXX XXXXXXX, XXXXXX 2: X History of the XXXXXX States: Since XXXX. XXXXXXX Learning. XX.629–32.XXXX0495915246.
XXXXXX L. Hamby, XXXX,XXX the XXXXXXXX XX Democracy: XXXXXXXX Roosevelt and XXX XXXXX Crisis XX XXX XXXXXXXXX 9780684843407
III XXXXXXX XX current event
XXX 111thXXXXXX States Congress together XXXX XXXXXXXXX Barack Obama, had worked XXXXXXXX in order XX provide a XXXXXXXX XXX XXX economic depression XXXX challenged XXXXXX XXXXXX of XXXXXXX XXX XXX XXXXX, XXXXXXX in our XXXXXXX XXXX 2007 to 2009.
One of XXX XXXXXXXX XXX the issue of The Xmerican XXXXXXXX and Reinvestment XXXstarting from February 2009. It’s XXXX official XXXXXXXXX was to XXXX XXX XXXXXX XXX jobs in the XXXXXXX, XXXXXXXXX a XXXXXXXX XXX XXXXXXXXXXX in various domains. The XXXXXXX XXXXXXXX areas XXXX XXXX XXXXXX XXXXXXXXXXX XX XXXXXXX and XXXXXXXX XXXXXXXXXXX.
The financial XXX XXXXXX XXXXXXXXXX XXXXXXX XXXXX XXXX pack XX XXXX XXX XX XXXXXXXX in XXXXX XX importance with the XXXXXXXX XXX political measures taken XX Franklin XXXXXX XXXXXXXXX XX a XXXXXXXX XXX the Great Depression. XX the act XXXX 2009 was XXXXXXXX XX keeping jobs and fighting unemployment, the &XXXXX;New XXXX&XXXXX; XXXXXXXXXXX by Roosevelt had X main keywords : XXXXXX, XXXXXXXX, Reform.
Since 2009, the $880 XXXXXXX XXXXXXXX was used XX provide relief XXX XXX XXXX affected XXXXXX categories XX XXX XXXXXXXXX, investments in infrastructure in order XX improve XXX competitive XXXXXXXXX of the U.S XXXXXXX XXX XXX solutions for old problems XXXX XXXXXXXXX XXXXXX. As XXX the public sector, XXXXXXXXX and health reforms were financed by this act. XXXX examples: Up XX $30 XXXXXXX for road XXXXXXXXXXXXXX, $XX XXXXXXX in environmental projects, $XX XXXXXXX in XXXXXX modernization and XXXXXX.
Under &XXXXX;The New Deal”, the U.S XXXXXXXXXX had XXX up basic XXXXX XXX XXX economy, in order to encourage XXXXXXXXXXX, social protection XXX most XXXXXXXXX, XX prevent a XXX XXXXXX. Some XX XXX acts XXXX XXXXX seem XX common sense or a XXXXXXX XXXXX or XXXX XXX XXXXXXXX XXXX XXX XXXX XXXX. Some XXXXXXXX: Wagner Act – XXXXXXXXXX employees to XXXXXX XXXXX XXXXXX XXX a XXXXXX XXXXXXXXXXXXXX in the society, the XXXX XXXXXXXX XXXXXXXXXXXXXX – XXXXXXXXX a XXX XXX almost everyone, XXXXXXXXXX low-skilled XXXXXXX. XXX XXXXXX Security, XXX minimum wage and the basic XXXXXX XXX XXXXXXX, have XXXXX roots in that pack of laws and public projects.
IV XXX XXX related XX prior XXXX or this weeks XXXXXXX
When XXX $880 XXXXXXXXXXXXXXXXXXXXXX to have an impact on XXX XXXXXXXX economy, XXX XXXX target XXX fighting unemployment XXX already XXXX. Since 2009 until XXXX, XXX unemployment XXXX XXXXXXXX more XXXX X%. XXXXXXX XXX economy back XX XXXXX by XXXXXXXXXX GDP XXXXXX XXXXXXXX XX X.X%. Of course that XXXX XXXXXX is better than a break-even or XXXX a XXXXXXXX XXX, but the XXXXXX XXXXXXXXXX XXXXXXXXXX XXXX followed by recovery rates averaging XX X%. We XXXXXX XXXXX all XXX &XXXXX;macro&XXXXX; problems only on XXXX Act XXX it XX XXXX known XXXX the XXXXXXXXXX is usually an XXXXXXXXXXX investor if compared with a XXXXXXX one. &XXXXX;The XXX Deal&XXXXX; focused on changing XXX business XXXXXXXXXXX at XXX roots XXXXX the $XXX XXXXXXXX pack from 2009 XXX focusing more XX saving XXX XXXXXXX or XXXXXXX sectors. I think that the hidden but crucial XXXXXXX of the stimulus XXXX XXX fighting hyperinflation. An XXXXXXXXXXXX inflation XXXXX make a great XXXXXX impact.If the XXXXXXXXX XXXXXXX XXX anticipated XXXXX:
- Individuals, XXXXXXXXX and institutions XXXXX XXX XXXX a great part of XXXXX fortune in money will lose purchasing power as XXXXXXXXX affects XXX purchasing XXXXX.
- XXXXXXX of real XXXXXX, stock XXXXXXXX XXXXXX, XXXXXXXX goods XXXX XXXX, XXXXXXXX, silver will gain purchasing power. The other XXXX of XXX XXXXXXX will XXXX to XXX XXXXXX pricesto access XXXXX goods.
- XXX countries XXXX XXXXXX currencies, great inflation XXX XXXXXXXXXXXX wealth in XXX society in an incorrect XXX. --- XXXXXX security XXX administrative XXXXX become higher XXXX XXX net XXXX from taxes, during higher inflation.
- XX XXXXXXXX XX XXXXXXXX by XXX XXXXXXXX XXXX XXX XXXXXXXXX XXX XXXXX wage growth to compensate XXX lost value of the XXXXXXXX. XXXXXXXXX XXXXX can rise XXXX XXXX the XXXX XXXXXXXXX rate.
- The XXXXXXXX can XXX fewer goods XXX XXXXXXXX with the XXXX amount of money.
V XXX its important XX you, +/or XXXX XXXXXXX, +/or XXX XX Economy
XXX real enemy was XXX inflation, more than XXX unemployment. They XXX XXXX related and sometimes go together in a negative XXXX, XXX workforce can XXXXXXX faster XXXX XXXXXXXXXX assets. Under this Act, XXX XXXXXXX is again XXXX on track XXX I XXXXX a &XXXXX;XXX XXXX&XXXXX; approach would have been much XXXXXX. XXXXX XXXXXXXXX has XXX reasons and it is XXX XXXXXXX way XX XXXX or XXXXXX XXXXXX XXXX. Learning XXXX every XXXXXXXXX is XXXXXXX XXX preventing a new XXX. XXX XXXX XXXXXX XXXX can XXXX XXX XXXXXX XXXXXX XXXX XX XXXX XXXXXXX is XXXX changing XXX own XXXXX. For example, XXXXXXXXXXXXX units XXX XXXX XXXXX products tend XX XXXXXXXX in Asia XXX the marketing and XXXXXX XXXXXXX XX XXXXX in XXX XXXXXXX XXXXXXXXX. This XXXXX that a XXXXXX XXXX XXX XXX in XXX 30” XX less XXXXXXXX XX come. XXX XXXXX XXXXXXXX XXX Banking XXXX have XXX rules XXX regulations XXX XXXX should XX XXXXXXX. Bailing out XXX biggest banks XX not something that XXXXXXXX will agree XX XXXX tend XX do XXX investments in the future. XX XX XXXXXXX, the $880 billion XXXXXXXX XXXX XX followed XX a “XXX Deal&XXXXX;, in order XX XXXXX a XXXXXXXX XXX XXXXXXXXX economy, XXXX a business XXXXXXXXXXX adapted XX XXX XXXXX of XXX current worker and XXXXXXXXXXXX.