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 America, XXXXXX 2: X History XX XXX United XXXXXX: XXXXX 1865. Cengage Learning. XX.629–32.ISBNXXXXXXXXXX.
XXXXXX X. Hamby, XXXX,For the XXXXXXXX of XXXXXXXXX: Franklin Roosevelt XXX XXX XXXXX Crisis XX XXX XXXXXISBN XXXXXXXXXXXXX
III Summary of current XXXXX
The XXXthUnited XXXXXX XXXXXXXX together with President XXXXXX XXXXX, XXX worked together in order to provide a XXXXXXXX for the economic depression that XXXXXXXXXX XXXXXX States XX XXXXXXX XXX the XXXXX, XXXXXXX in XXX XXXXXXX XXXX XXXX to 2009.
XXX XX XXX measures XXX the XXXXX XX XXX AXXXXXXX Recovery XXX XXXXXXXXXXXX Actstarting from February 2009. It’s XXXX official XXXXXXXXX was to XXXX and create new XXXX in XXX economy, XXXXXXXXX a stimulus XXX XXXXXXXXXXX in XXXXXXX domains. The XXXXXXX XXXXXXXX XXXXX went from public XXXXXXXXXXX to XXXXXXX and XXXXXXXX XXXXXXXXXXX.
XXX financial XXX XXXXXX allowances granted XXXXX this XXXX of laws can XX compared in XXXXX of importance XXXX XXX economic and XXXXXXXXX XXXXXXXX XXXXX by XXXXXXXX XXXXXX Roosevelt as a XXXXXXXX for the Great XXXXXXXXXX. XX XXX XXX XXXX XXXX XXX focusing on keeping jobs and fighting XXXXXXXXXXXX, the &XXXXX;New Deal&XXXXX; implemented by Roosevelt XXX 3 main keywords : Relief, XXXXXXXX, Reform.
Since 2009, the $XXX XXXXXXX XXXXXXXX was used XX XXXXXXX XXXXXX for XXX most XXXXXXXX social XXXXXXXXXX by XXX XXXXXXXXX, investments in XXXXXXXXXXXXXX in order to XXXXXXX the competitive advantage of XXX X.S XXXXXXX XXX XXX solutions XXX XXX problems like renewable XXXXXX. As XXX the XXXXXX sector, XXXXXXXXX XXX XXXXXX reforms XXXX XXXXXXXX by this XXX. XXXX XXXXXXXX: Up to $30 billion XXX XXXX infrastructure, $19 billion in environmental projects, $XX billion in school XXXXXXXXXXXXX and XXXXXX.
Under “The New Deal&XXXXX;, XXX X.S Government XXX XXX XX XXXXX XXXXX XXX XXX XXXXXXX, in order XX XXXXXXXXX development, social protection XXX XXXX important, XX prevent a XXX crisis. XXXX XX the acts that XXXXX seem as XXXXXX sense or a default XXXXX or duty for everyone were XXX XXXX then. Some XXXXXXXX: Wagner XXX &XXXXX; XXXXXXXXXX employees to create labor unions XXX a better representation in the XXXXXXX, XXX Work Progress XXXXXXXXXXXXXX &XXXXX; XXXXXXXXX a XXX XXX XXXXXX everyone, especially XXX-skilled XXXXXXX. The XXXXXX XXXXXXXX, XXX minimum XXXX XXX XXX XXXXX rights for workers, XXXX XXXXX XXXXX in XXXX pack of laws XXX XXXXXX projects.
XX How its related XX prior XXXX or this weeks content
When XXX $XXX XXXXXXXXXXXXXXXXXXXXXX to have an impact XX XXX national XXXXXXX, XXX main XXXXXX XXX fighting unemployment was already XXXX. Since 2009 until XXXX, XXX XXXXXXXXXXXX rate averaged more than 8%. XXXXXXX the economy XXXX XX track XX XXXXXXXXXX XXX XXXXXX XXXXXXXX at 2.X%. Of XXXXXX that XXXX XXXXXX is better XXXX a break-even or even a XXXXXXXX XXX, XXX XXX former XXXXXXXXXX recessions were followed XX XXXXXXXX XXXXX averaging at X%. We cannot blame all XXX “macro” problems XXXX XX XXXX Act but it is XXXX XXXXX XXXX the Government XX usually an inefficient XXXXXXXX if compared XXXX a XXXXXXX XXX. “XXX XXX Deal” XXXXXXX on changing the business XXXXXXXXXXX at its XXXXX XXXXX XXX $XXX XXXXXXXX pack XXXX XXXX was XXXXXXXX XXXX on XXXXXX XXX damaged or XXXXXXX XXXXXXX. I XXXXX XXXX the hidden but crucial XXXXXXX XX the stimulus pack was fighting XXXXXXXXXXXXXX. An XXXXXXXXXXXX inflation would make a XXXXX XXXXXX XXXXXX.If XXX XXXXXXXXX exceeds XXX anticipated XXXXX:
- XXXXXXXXXXX, companies and institutions XXXXX are XXXX a great part XX XXXXX fortune in XXXXX will lose XXXXXXXXXX power as XXXXXXXXX XXXXXXX the purchasing power.
- XXXXXXX of XXXX XXXXXX, XXXXX exchange XXXXXX, valuable goods like XXXX, diamonds, silver will gain purchasing power. The other XXXX of the XXXXXXX XXXX XXXX XX XXX XXXXXX pricesto XXXXXX XXXXX XXXXX.
- XXX XXXXXXXXX XXXX XXXXXX XXXXXXXXXX, XXXXX XXXXXXXXX can redistribute XXXXXX in the society in an incorrect way. --- Social XXXXXXXX XXX administrative costs become XXXXXX XXXX the XXX gain XXXX taxes, during XXXXXX inflation.
- XX employer XX affected XX the XXXXXXXX from the XXXXXXXXX XXX rapid XXXX XXXXXX to XXXXXXXXXX XXX lost value XX the XXXXXXXX. Sometimes XXXXX XXX XXXX more XXXX XXX XXXX XXXXXXXXX rate.
- The XXXXXXXX can buy XXXXX XXXXX and XXXXXXXX with the XXXX XXXXXX XX money.
V Why XXX XXXXXXXXX to you, +/or your company, +/or the US XXXXXXX
XXX real enemy was the inflation, XXXX XXXX the XXXXXXXXXXXX. They are XXXX XXXXXXX XXX sometimes XX XXXXXXXX in a negative XXXX, but XXXXXXXXX can XXXXXXX faster XXXX productive assets. XXXXX XXXX Act, the economy is again XXXX on track but I XXXXX a “New Deal” approach would have XXXX much XXXXXX. XXXXX recession has XXX XXXXXXX XXX it XX the XXXXXXX way to XXXX or XXXXXX XXXXXX time. Learning XXXX XXXXX XXXXXXXXX is crucial for preventing a XXX one. The only detail than can turn XXX theory XXXXXX XXXX XX XXXX economy XX XXXX changing XXX own rules. For XXXXXXX, XXXXXXXXXXXXX XXXXX for XXXX XXXXX products XXXX to relocate in XXXX but the XXXXXXXXX and XXXXXX XXXXXXX XX still in the XXXXXXX countries. This XXXXX that a XXXXXX like XXX one in the 30&XXXXX; is XXXX XXXXXXXX to come. XXX XXXXX Exchange and XXXXXXX XXXX have new rules and regulations but XXXX should be XXXXXXX. Bailing out the XXXXXXX banks XX not something that XXXXXXXX will XXXXX XX XXXX XXXX to XX XXX investments in the XXXXXX. In my XXXXXXX, XXX $XXX billion XXXXXXXX must XX XXXXXXXX XX a “XXX XXXX”, in order XX build a XXXXXXXX and XXXXXXXXX XXXXXXX, XXXX a XXXXXXXX XXXXXXXXXXX adapted to XXX XXXXX of the XXXXXXX worker XXX XXXXXXXXXXXX.
Template for week 4 Current Event
Carol Berkin et al. (2011). Making America, Volume 2: A XXXXXXX XX XXX XXXXXX States: Since 1865. Cengage Learning. XX. 629–XX. XXXX XXXXXXXXXX.
Alonzo X. XXXXX, XXXX, For the Survival XX Democracy: XXXXXXXX XXXXXXXXX and the World XXXXXX of XXX 1930s XXXX XXXXXXXXXXXXX
XXX XXXXXXX XX current XXXXX
XXX 111th XXXXXX XXXXXX XXXXXXXX XXXXXXXX with XXXXXXXXX Barack Obama, XXX worked XXXXXXXX in order to provide a solution XXX the economic depression XXXX challenged XXXXXX XXXXXX of XXXXXXX and the XXXXX, lasting in XXX country XXXX 2007 XX XXXX.
XXX of the XXXXXXXX was XXX XXXXX XX The American Recovery XXX XXXXXXXXXXXX Act XXXXXXXX from February 2009. XX’s XXXX official objective XXX to XXXX XXX XXXXXX new jobs in the economy, providing a XXXXXXXX for investments in various XXXXXXX. XXX covered economic areas went XXXX public investments to private and personal investments.
The financial XXX XXXXXX XXXXXXXXXX granted XXXXX this pack of XXXX can XX compared in XXXXX of XXXXXXXXXX with XXX XXXXXXXX and XXXXXXXXX measures XXXXX XX Franklin XXXXXX Roosevelt as a XXXXXXXX for the Great XXXXXXXXXX. XX XXX act from 2009 was focusing on XXXXXXX XXXX XXX fighting XXXXXXXXXXXX, the “XXX XXXX” implemented XX Roosevelt XXX 3 XXXX keywords : XXXXXX, Recovery, XXXXXX.
XXXXX 2009, XXX $XXX XXXXXXX XXXXXXXX XXX XXXX XX provide XXXXXX for the XXXX XXXXXXXX XXXXXX categories XX the recession, investments in infrastructure in order to XXXXXXX the XXXXXXXXXXX advantage XX the X.S economy XXX new XXXXXXXXX XXX old problems like renewable XXXXXX. As for the public sector, XXXXXXXXX and health reforms XXXX XXXXXXXX XX this XXX. Some examples: XX to $30 billion for road infrastructure, $XX billion in environmental XXXXXXXX, $16 XXXXXXX in school XXXXXXXXXXXXX and reform.
Under “The XXX Deal”, XXX U.S XXXXXXXXXX XXX XXX up basic rules for XXX economy, in order to XXXXXXXXX XXXXXXXXXXX, XXXXXX XXXXXXXXXX XXX XXXX XXXXXXXXX, to prevent a new XXXXXX. Some of the acts XXXX XXXXX XXXX XX XXXXXX XXXXX or a XXXXXXX right or XXXX for XXXXXXXX were XXX back XXXX. XXXX XXXXXXXX: Wagner XXX – Encouraged XXXXXXXXX to create XXXXX XXXXXX for a better XXXXXXXXXXXXXX in the society, the Work XXXXXXXX XXXXXXXXXXXXXX – providing a job for almost XXXXXXXX, XXXXXXXXXX XXX-skilled XXXXXXX. The XXXXXX XXXXXXXX, the XXXXXXX wage XXX XXX XXXXX rights XXX XXXXXXX, XXXX their roots in that pack XX laws XXX public XXXXXXXX.
XX How its related XX prior week or this XXXXX XXXXXXX
When the $XXX billion XXXXXXXX started to XXXX an impact on the national economy, XXX XXXX XXXXXX XXX XXXXXXXX unemployment XXX already XXXX. Since 2009 until XXXX, the XXXXXXXXXXXX XXXX XXXXXXXX more than X%. Getting the XXXXXXX back on track XX XXXXXXXXXX GDP XXXXXX XXXXXXXX XX X.4%. Of XXXXXX XXXX this number XX XXXXXX XXXX a XXXXX-even or even a XXXXXXXX one, but the XXXXXX economical recessions were XXXXXXXX by recovery rates averaging at 4%. We cannot blame XXX XXX “XXXXX” XXXXXXXX only on this XXX XXX it is well known XXXX XXX Government is usually an XXXXXXXXXXX investor XX XXXXXXXX with a private one. “XXX New Deal” focused XX XXXXXXXX the XXXXXXXX XXXXXXXXXXX XX its roots while the $880 XXXXXXXX pack from XXXX was focusing XXXX on XXXXXX XXX XXXXXXX or XXXXXXX XXXXXXX. I XXXXX that the XXXXXX XXX XXXXXXX XXXXXXX of XXX XXXXXXXX pack XXX XXXXXXXX hyperinflation. XX uncontrolled inflation would XXXX a great XXXXXX impact. XX the XXXXXXXXX XXXXXXX XXX anticipated XXXXX:
- Individuals, companies XXX institutions XXXXX are holding a XXXXX part of their XXXXXXX in XXXXX XXXX XXXX purchasing power XX XXXXXXXXX XXXXXXX the XXXXXXXXXX power.
- Holders of real XXXXXX, XXXXX exchange XXXXXX, XXXXXXXX XXXXX XXXX gold, XXXXXXXX, XXXXXX XXXX XXXX XXXXXXXXXX XXXXX. The XXXXX XXXX XX XXX society will XXXX XX XXX XXXXXX prices XX XXXXXX XXXXX goods.
- XXXXXX XXXXXXXX and administrative costs XXXXXX higher than XXX net XXXX from XXXXX, during XXXXXX XXXXXXXXX.
- The employee can buy XXXXX XXXXX and services XXXX XXX XXXX XXXXXX of XXXXX.
V XXX XXX important XX you, +/or XXXX XXXXXXX, +/or the XX Economy
The real XXXXX was the inflation, XXXX than the unemployment. They are very XXXXXXX XXX sometimes go together in a negative spin, but workforce can XXXXXXX faster than productive XXXXXX. Under this XXX, XXX XXXXXXX XX XXXXX XXXX XX XXXXX XXX I XXXXX a “New Deal” approach XXXXX XXXX been much XXXXXX. XXXXX XXXXXXXXX XXX its reasons XXX it is XXX natural XXX to XXXX or shrink XXXXXX time. Learning XXXX XXXXX recession is XXXXXXX for XXXXXXXXXX a new XXX. The XXXX detail XXXX can turn the theory upside down XX XXXX economy is XXXX changing XXX own XXXXX. For example, XXXXXXXXXXXXX XXXXX XXX XXXX value products XXXX to relocate in Asia but the marketing XXX design process XX still in XXX XXXXXXX countries. XXXX means XXXX a XXXXXX like the XXX in the 30” is XXXX XXXXXXXX XX XXXX. The XXXXX XXXXXXXX and XXXXXXX also have new rules XXX regulations but they XXXXXX be revised. Bailing out XXX biggest XXXXX is XXX XXXXXXXXX XXXX everyone will agree if XXXX tend XX do XXX XXXXXXXXXXX in the future. In my XXXXXXX, XXX $880 XXXXXXX XXXXXXXX XXXX be XXXXXXXX XX a “XXX Deal”, in order to XXXXX a XXXXXXXX and XXXXXXXXX XXXXXXX, XXXX a XXXXXXXX environment XXXXXXX XX the needs of XXX current XXXXXX and entrepreneur.