Description
Stimulus Spending.  | FederalBailout and Stimulus Spending
DISCUSSION QUESTION: As most of you are aware, when President Obama assumed office the country was in an economic crisis. Decisive action had to be taken in order to prevent an economic melt-down (recession, depression?).As a result, the U.S. economic stimulus andbailout was initiated. The abovementioned breakdown represents a 2 Trillion Dollar cost for the U.S. economic stimulus and bailout alone! Not to mention that this was just a short-term fix (hopefully, to stabilize the failing economy). This money is claims on future tax-payers...you and your children! Considering the country's current situation, did this effort make a difference? Is the President's plan working? What is your opinion on this matter? In your discussions, please consider the following: 1. Economic Impact 2. Your individual rights and the rights of U.S. citizens in general 3. Employment Impact 4. The Recession 5. Consumer Rights 6. The Politics Involved 7. Global Impact 8. Personal Experiences 9. Solutions 10. What's The Future? 11. Capitalism: Is it working? The abovemention are just suggested considerations. Please feel free to add more. Special Note: Your participation is vital to receiving substantial credit for your Discussion and Class Participation requirements. Therefore, I expect a very conscientious effort! This question requires research and analysis. "Half-hearted" answers |
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Explanation & Answer
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Attached.
Running head: FINANCIAL BAILOUTS
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Financial Bailouts
Student’s name
Institution Affiliation
Date
FINANCIAL BAILOUTS
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Introduction
When President Obama took office, the country was undergoing one of the worst
financial crises since the Great Depression. The rate of unemployment was rising exponentially
coupled with the collapse of major businesses and banks. Many businesses sought different
interventions to overcome the challenge brought about by the collapse of the stock markets and
huge losses already felt. To protect the public investors as well as to resuscitate the economy,
President Obama initiated one of the most expensive bailout programs for different businesses to
re-establish the economy once again. By the end of the different stimulus programs initiated, the
government had spent a total of 2 trillion dollars of tax-payers revenue. This stimulus programs
had various impacts on the economy, consumer rights, and politics of the country, among others.
From an economic point of view, many analysts and political players in the country
continue to differ if the program had any impact on the economy of the United States. While this
view remains contentious, it is evident that the program had a positive impact on the economy at
large. In a report released by the White House in 2012, the American Recovery and
Reinvestment Act game with many investments which will impact positively on the economy on
the long-run. It is estimated that in 2009 - 2012, the stimulus program led to the cre...
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