The $787 billion U.S. economic stimulus passed earlier this year was both increased spending and tax cuts. The government has set up a website to help track the expenditures of the stimulus at Recovery.gov. At this point, the government claims to have saved or created over 600,000 jobs. However, the jobs created so far fall very far short of the total job loss. The job numbers cited by the White House have been repeatedly criticized for being too rosy.
Business week reports that the unemployment rate, now over 10%, is likely to stay high in the near future. Business Week also reports other countries success at creating jobs more directly than the U.S. has through their stimulus packages. Additionally, most of the G-20 nations have maintained their stimulus packages throughout the downturn, and many have pledged to continue. India however, is the first to exit from the stimulus parade, fearing inflation will hurt many of their citizens.
Questions you might try to answer:
- Looking at the projects listed by recovery.gov, see if you can find actual evidence that the stimulus is creating jobs.
- What are some other nations idea for creating jobs and stimulating their own economies?
- How would the withdrawal of stimulus from the G-20 economies impact our own stimulus?
First off. When writing your blogs, do NOT simply restate or summarize one of the articles that I give you to look over. You are supposed to be forming an opinion, and trying to defend your opinion using facts that you obtain from an article. If someone else has already used your statistic, you should NOT just use it again. You’re supposed to be finding information here in related articles.
I would like your statements to be as subjective as possible, or in jargon terms, positive and not normative in nature. Also, remember, I want you to keep your descriptions short, basic, and related to classroom content. Read other students comments before posting, and please leave your name with your posting.