Econ - bringing in employment not only in the short run but...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
To. Senator Loni Hancock. On December 9, U.S. President Barack Obama announced proposals to create more jobs with an expansion of his $787 billion stimulus plan. According to The Wal Street Journal, These include putting an additional $50 billion toward infrastructure spending, ramping up Treasury Department lending to small businesses through the Troubled Asset Relief Program, extending tax credits for business investment and relief state and local governments. I recommend you to vote for a second fiscal stimulus bill because it will expand the economy
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: bringing in employment not only in the short run but also in the long run leading an increase in labor efficiency which will increase growth rate of standards living. According to the U.S Beau of Economic Analysis, Real GDP increased at an annual rate of 2.8 percent in the third quarter of 2009. This shows we are on the recovery since real GDP stopped falling. However, unemployment...
View Full Document

Ask a homework question - tutors are online