September unemployment is 9.8 percent

[saden1]

1/3 of the stimulus is tax breaks for corporations and consumers. WJ has a really nice breakdown of where the money is going.

[saden1]

Objective:
Avoid depression, get corporations hiring people and people spending money to stimulate the business cycle thus jump starting the economy.

The Keynesian:
In a time of deep recession reducing the corporate tax-rate alone won't necessarily give corporations incentive to hire more. You want corporations spending money in hiring people and the best way to guarantee they do is to give them government contracts.

The Monetarist:
Government should give corporations tax cuts and expand the money supply (print money and lend it on the cheap), and then get out of the way.

The Austrian:
Do nothing. The problem will self-correct.


* Economic theories are simplified.

[Schneed10]

Originally Posted by saden1

Objective:
Avoid depression, get corporations hiring people and people spending money to stimulate the business cycle thus jump starting the economy.

The Keynesian:
In a time of deep recession reducing the corporate tax-rate alone won't necessarily give corporations incentive to hire more. You want corporations spending money in hiring people and the best way to guarantee they do is to give them government contracts.

The Monetarist:
Government should give corporations tax cuts and expand the money supply (print money and lend it on the cheap), and then get out of the way.

The Austrian:
Do nothing. The problem will self-correct.


* Economic theories are simplified.

** Economic theories are not mutually exclusive of one another.

[MTK]

Jobless Claims Drop Unexpectedly to 514,000 - Political News - FOXNews.com

[dmek25]

regardless of all the bickering, in the long run we are all in this together. i guess sometimes its a lot harder to see, then others