CorrespondentAuthor of biological Contact Subscribe: America can not shake the blues of its economic recession, even though the recession officially ended. In the painfully slow recovery, in a Wall Street collapse as typical of the financial crisis, economists said. However, in difficult times is so durable, I have been feeling on Obama’s idea of President Obama to stimulate a new growth package.Many end of this package in this respect: the expansion of broadband coverage, Chuang Xin School of competitive funds guilt tingling, computerized medical records, more scientific research, more investment in clean energy. I think all of this, and stimulate the will magically make it possible. It as a tool, we can lay in the Obama administration.But 2 months of growth, based on recent speculation that I have been eager to promise a reality action. The unemployment rate is already so high for so long. It is a mistake shoehorn would be to start the economy, a pack of Obama’s long-range economic plan? If the money has been applied to the more traditional short-term stimulation and influence, the more people have jobs? Will a less economists worry that a double-dip recession after the five economists talk? I can give you the bottom line: Consumer different, probably would not have much money to change our environment. However, economists put this conclusion in different paths, they have different where to go from here.The 7870 billion economic stimulus package passed 在 February 2009, opinion, about one-third of the people and business tax cuts, with three one of the donor countries and regions, as well as one-third of Obama’s domestic agenda. Many economists and non-partisan Congressional Budget Office’s credit and the end of last year to stimulate the economic downturn. It is said that the unemployment rate would have been as high as two points, without it. However, this rate is still high – 9.5 to 7 percent, in August numbers, due Friday, could edge higher.What greater stimulation than satisfied would be better, some economists said to me. “If it has an obvious problem, this is big,” said Josh Bivens, a labor support for the Economic Policy Institute economist. As for the distribution of money, he said, given the speed and the Senate 60 votes to difficult negotiations, “it is difficult to be too disappointed with how the structure.” Hopes to provide a list of other economists, what might have been. David Madelin, American workers, the liberal Center for American Progress Project Director, would like to see “into the United States national teams, teach money” to the United States and employment opportunities for caregivers. He said: “The time is mainly an investment in the beginning,” Madelin said. “If they have been for the greater public services and direct services, promotion of work, I am sure they will get them.” Mark Zandi, Moody’s Analytics, chief economists said, he would have added more temporary tax money, may be the wage tax. “We are a small so it is not very effective. This gives us much more of the play,” praised Di Shui and who should be 2008.Zandi Republican presidential candidate John McCain said this is a mistaken investment in infrastructure Zhichu stimulus bill. “This is a good policy, we can use, but it is not a quick and effective money into the economy the way,” he said. Obama is not a priority, such as education spending and broadband, “particularly helpful” in the economy will enter the fast money, he told me. “You can make a strong case”, they are very good long-term policy, he added, but they do not effectively stimulate and “they confuse what is really exciting people.” Douglas Holtz – Eakin , the former McCain adviser and former Congressional Budget Office, he said the country could cut payroll taxes from the center of the 300 billion to 400 billion U.S. dollars to stimulate the economy, same result. He agreed with Obama’s domestic policy agenda in the economic stimulus bill is not appropriate. These programs and “we hope to make the roads as the country”, he said, their benefits and costs should be in the financial crisis passed.Economist Rob
Shapiro, the former undersecretary of commerce Democrat who proposed the debate, is a stimulating architect. He said the Obama campaign asked him what innovation-driven economic stimulus plan will look very beautiful, he outlined what we have. Does he regret that part of domestic policy? “Absolutely not,” Shapiro told me. “Those who are still to achieve long-term investment results of Di.” He does not regret, were but initial of the stimulus “Langfei” Xiao Qi Ye money on tax cuts, he said Do not Work in a recession, does not include Daikuanfangan Mianlinquxiao collateral redemption of the right buyers. Reward the executive branch, rather than rewrite loans from the banks, but Shapiro said that very few owners of credible enough to obtain new loans. About 100 million foreclosures this year and housing prices are expected to continue to decline until 2011. According to one estimate, 20 percent of homeowners are underwater – the value of their houses than they can mortgages.Little changes in impactIt version less know who will stimulate the most effective, but not exclusively, not the economy through a increase again, however anemically. Congressional Budget Office reached this conclusion, because it is a Goldman Sachs analysis and Zandi and Princeton University economist Alan Bland another. The question is whether a different size or shape of the stimulus will provide a big enough kick to produce a self-sustaining recovery.The answer is probably not. First, in stimulus money go out the door of the most rapidly, as it should be. Slow starter, such as home weatherization, and some are catching up. Now worried about what will happen in the next few months, the federal stimulus flow slowed to a drip, then stops.Then have the impact of external and unforeseen, there will be any shape or size of a stimulus to development. Only this spring, Zandi said, knocking the wind out of the debt crisis of the European consumer confidence, the Senate struggled to extend unemployment benefits (from up to 40 million people have no money to spend a few crucial weeks), and home sales declined sharply over With the buyers is expected to be a top priority, tax credit.The expired, Bivens said, is “non-economic recovery act just to continue to stimulate the stagnant for more than life.” Enterprises do not employ enough, the banks do not have enough credit. State and local governments to cut spending and the same as ordinary Americans. As Shapiro put it, people buy their own homes, home values have dropped 70% from 20 to 25 percent. “They not only feel pity that they are poor,” he said. “They are not likely to cost.” The aheadWith November 2 road mid-term elections in sight, economists do not expect any major developments. But their recommendations are included in the measures under consideration in Congress, Obama or both. Shapiro and Zandi said, stable housing market in the coming months the key. Zandi proposal to help homeowners refinance mortgage loans at cheap rates. He said 10 million loan eligibility and the people will be able to save 100 yuan, an average of one month, then they probably spend. Secretary for Housing, Shaun Donovan, said last month, a re-financing programs, plans, and with other people to help the unemployed to remain in their homes.Other steps economists proposed a bill passed the Senate, respectively, to stagnation not prior to the small business tax cuts to small businesses easier access to bank loans, as well as members of Congress and Obama to address the expiration of the Bush era tax cuts fate. Bivens said he did not. A priority will be more assistance to help state and local governments to keep their workers. “We lost jobs in July alone 48,000,” he said. “This is an obvious loophole that needs to be filled.” He also spent more infrastructure projects and expand the eligibility of unemployment – for example, graduates who can not find work, but history does not work immediately, as now required. That would be “a real hard sell all,” because the political landscape, he said. The U.S. Congress recently passed the national and local aid bill and efforts to expand the existing unemployment benefits, let alone expanded. Thus, Bivens was hard for those sales may be right. But Obama also said this week he is considering to increase capital spending, “double” of clean energy, research and development investment, expand the middle class tax cuts the Bush era, and “further tax relief to encourage companies to their working capital to create jobs in the United States. “whatever happened now, because of seasonal and party political stakes, the margin,” “as Zandi says. But many of these workers and enterprises these days. Each drop will help Obama help us wait for the return on investment in the future.
