Economic Stimulus 101 – Part 3
Posted March 12, 2009
“You want tax cuts that affect people’s incentives, in ways that make them more productive, but that’s not the kind we got.” ⊕ Launch video
“If everybody tries to save, then the economy spins down, and everybody loses their jobs, and nobody saves.”
⊕ Launch video
“If we factor in the benefits we all get from universal [broadband] access, I think that’s a worthy investment.”
⊕ Launch video
When three of four components of aggregate demand won’t buy, government spending is the only option for stimulus.
⊕ Launch video
“There’s very little evidence that government spending can stimulate an economy out of recession.”
⊕ Launch video
“The plan has a mixture of activities and hopefully one or another will do some good.”
⊕ Launch video
“We’re looking at 7 percent stimulus versus 15+ percent depression. The stimulus isn’t big enough.”
⊕ Launch video
“Is it in the interest of the rest of society to have this sector disappear completely?”
⊕ Launch video
“If I wanted to save the auto industry, here’s what I would do: I would make Mitt Romney the auto czar.”
⊕ Launch video
“We first need to deal with the issue of insolvency, and the other issue is that banks aren’t lending.”
⊕ Launch video
“If the banks can be made [profitable], eventually private capital will come in and the government can sell its stake.”
⊕ Launch video
“If [banks] become totally nationalized, then the shareholders go to zero, but they’re almost there now.”
⊕ Launch video
Can we spend our way out of a bad economy? Explore the costs, benefits and impacts.
$130
billion
Amount of money on the table for bailing out the U.S. auto industry. Source: CNN Money.
National Debt
The U.S. national debt surged past $10.9 trillion in March. What are the consequences?
The U.S. national debt surged past $10.9 trillion in March. What are the consequences?
Note: Adobe Flash is required to view the videos. Download it here.
Will it Work?
What is the stimulus bill’s intended effect, and in what ways could it fall short?
“You want tax cuts that affect people’s incentives, in ways that make them more productive, but that’s not the kind we got.” ⊕ Launch video
“If everybody tries to save, then the economy spins down, and everybody loses their jobs, and nobody saves.”
⊕ Launch video
Where should the government be investing for greatest impact?
“If we factor in the benefits we all get from universal [broadband] access, I think that’s a worthy investment.”
⊕ Launch video
Does federal spending actually help the economy? A point-counterpoint:
When three of four components of aggregate demand won’t buy, government spending is the only option for stimulus.
⊕ Launch video
“There’s very little evidence that government spending can stimulate an economy out of recession.”
⊕ Launch video
Ultimately, will the stimulus bill be enough to “fix” our economy?
“The plan has a mixture of activities and hopefully one or another will do some good.”
⊕ Launch video
“We’re looking at 7 percent stimulus versus 15+ percent depression. The stimulus isn’t big enough.”
⊕ Launch video
Bailout Nation
Should we have bailed out the American auto industry? How can it be turned around?
“Is it in the interest of the rest of society to have this sector disappear completely?”
⊕ Launch video
“If I wanted to save the auto industry, here’s what I would do: I would make Mitt Romney the auto czar.”
⊕ Launch video
Is nationalization the solution to problems in our banking system? What happens to banks’ shareholders?
“We first need to deal with the issue of insolvency, and the other issue is that banks aren’t lending.”
⊕ Launch video
“If the banks can be made [profitable], eventually private capital will come in and the government can sell its stake.”
⊕ Launch video
“If [banks] become totally nationalized, then the shareholders go to zero, but they’re almost there now.”
⊕ Launch video
Produced by Jackie Hai, Richard Caesar and Frank Godinho, AmherstWire.com.
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“I just got the idea like I really want to meet everyone in my ward, or everyone that I would represent,” said Jarrett. “Especially with issues of climate change and wealth inequality, we’re not seeing action on a national level. We’re not seeing enough action on the state level, and so municipalities are the ones that need to take the lead.”
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