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Saturday, October 27, 2018

Should Government Intervene in Recessions With Economic Stimulus Packages or Acts

An economic stimulus is a monetary or fiscal policy enacted by governments with the intent of stabilizing their economies during a fiscal crisis, but this was only done for big corporations, not small businesses and the common citizen who got holding the bag with losses in their properties and 401K investments.. The policies include an increase in government spending on infrastructure, tax cuts and lowering interest rates. In response to the 2008 financial crisis, Congress passed the American Recovery and Reinvestment Act of 2009. The Act included increased spending on energy, infrastructure, education, health, and unemployment benefits. The Act will cost an estimated $787 billion through 2019.  

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