Do they generally understand it? Agree with it?
How can I find their opinions online or the news or whatever... To me it boggles my mind, none of it really makes sense to me so I wanna hear opinions from the experts.
I don't understand it because... The projected deficit is huge, so where do they get this money from? Borrow - We have to pay back. Print - Inflation soars. Tax revenue - We already have a deficit, will 3% tax increase on the rich REALLY cover the costs especially in a recession where business is bad? Not to talk of tax increases on the most successful businesses.
Can someone explain to me how this is supposed to work? We 'pump' money back into the economy with 'our' money, run huge debts, then we pay it back slowly with 'our' money with no real actions to support businesses just more taxes... Businesses save on health insurance costs, but also face several tax increases.
Doesn't add up to me %26gt;.%26lt;What do most (Real) Economics say about Obama's economics?
Almost all economists think bailing out the financial institutions was necessary, but are uneasy about the effects and there is nit picking about the details. Most main steam economist support the idea of the stimulus but there is some opposition. Among the ones who support the stimulus in principle Conservatives favor more tax cut and Liberals think there should have been more spending.
Usually the money people save is borrowed by businesses or other people and spent on investment or consumption but during recessions people save more and businesses borrows less for investment so total spending falls, But every ones income is the result of spending so the total income falls and the economy get worse, The idea behind the stimulus is that the government borrows the excess savings and either spends it or returns it to taxpayers so they will spend more, which will keep incomes from falling or at at least reduce the amount of the decline.
Ever since the depression the government has had some sort of stimulus package during recession, but this is the biggest ever so it is more controversial but this the worst economic problem we have has since then.What do most (Real) Economics say about Obama's economics?
Pelosi Obama Reid (POR) are raising unemployment up to 25%; how is that for a message.
POR is the three headed goddess of unemployment.
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