Word: plan
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...book tour charisma or the price their storyline fetches from a film studio or video game maker, rather than for their innovative content. This approach does not bode well for either literature or the industry in the long run, but right now it is the only Plan B in place...
...that he knows the stakes when it comes to the economic crisis. In an address on the economy last Thursday, he said, “we need to act boldly and act now to reverse these cycles.” Regrettably, his proposed action, the American Recovery and Reinvestment Plan, falls well short of bold. A $775 billion dollar bill might be the best way to win bipartisan support, but threatens to leave our economy in recession for years, sell the American people short, and tarnish Obama’s presidency...
Obama’s economic team has filed a comprehensive report on ARRP. According to New York Times economist Paul Krugman’s analysis of the report, “the plan would close only around a third of the output gap over the next two years.” Furthermore, it will only lower unemployment from about 9 percent to 7.5 percent, while the economy’s target unemployment rate, the natural rate, is about 5 percent. By the standards of the president-elect’s own economists, the plan will leave America with high unemployment...
This economic crisis is widely regarded as the greatest crisis since the Great Depression. Such a crisis dictates leaning toward a stimulus that might be too large, certainly not toward one that is too small. If all goes according to plan, which is a leap of faith in itself, this plan still leaves millions of Americans in the unemployment line. In addition, unemployment statistics present an incomplete picture of unemployment. Job losses are not the only concern, but also the scarcity of job opportunities for people entering the workforce...
...truly effective stimulus plan jolts the economy by lifting consumer confidence, since tax cuts can only increase economic activity when people spend, not save. A bigger plan would undoubtedly lead to more consumer confidence, especially if Obama had been brave enough to break the trillion-dollar mark. The flurry of news headlines and television news stories that would accompany such a big figure would show the public that Obama is serious about bringing up the economy, and hopefully motivate them to spend...