Skip to main content

GOVERNMENT HOPEs TO JUMPSTART THE US ECONOMY

When our automobile fails to start, we try to jump start it, by plugging the weak battery to a good one, with the use of jumper cables. The same is quite true for the US economy. The battery that provides power to it is perceived to be weak so the government is thinking of measures to jump start it to make the engine run.

For starts, President Bush wants to give tax rebates to low income households so they can use it to alleviate their lives. In so doing, the recipients of the rebates will use the money to pay for commodities and that will make the manufacturers, suppliers and the rest of the economy active. because of a multiplier effect, the rest of the economy is expected to positively react. The video provided will give us a better picture of the bigger plans.

Labels

Labels:

Comments

durano lawayan a.k.a. brad spit said…
For as long as the US is in denial, the Recession will not be saved by an insignificant palliative such as a stimulus package which will be delivered in early June. Their deficit will balloon to $350 billion this year, including the outlay for the Iraq war and Afghanistan war. With an expected growth rate of only 1.6% for 2008, they're headed for very bad weather. It will be the Katrina for the entire US, unless they really change their lifestyles, tighten belts, stop wars, stop spending and start saving. --Durano, done!
6:15 PM, January 26, 2008
Post a Comment

Popular posts from this blog

Land Reform: Land of Bondage Land of the Free

One of the most moving speeches that I've read. During grade school, this was the most often recited elocution piece in my school. Here it is, the text of Raul Manglapus' Land of Bondage, Land of the Free. Land of Bondage, Land of the Free By Raul Manglapus And yet, ladies and gentlemen, the tao is constitutionally free! No wonder, then, that the tao being a slave has acquired the habits of a slave. No wonder that after three centuries in chains, without freedom, without hope, he should lose the erect and fearless posture of a freeman, and become the bent, misshapen, indolent, vicious, pitiful thing that he is! Who dares accuse him now? Who dares rise up in judgement against this man, reduced to this subhuman level by three centuries of oppession? Ladies and gentlemen the tao does not come here tonight to be judged -- but to judge! Hear then his accusation and his sentence: I indict the Spanish encomendero for inventing taxes impossible to pay! I indict the usurer for s...
35 comments
Read more

US PRESIDENTIAL CONVOYS

A columnist for a Philippine newspaper talks about the costs and massive preparations required by the US Secret Service whenever President Bush and other (US Presidents) travel outside of Washington DC. I remember watching a CNN report that showed how big a US presidential convoy is, compared to the two vehicle transport being used by Prime Minister Tony Blair of the UK.
10 comments
Read more

Competitive Advantage of the Philippines II

Despite being a newcomer in the global BPO industry, the Philippines have steadily increased its foothold as a top outsourcing destination. Rest of Asia ready to grab BPO jobs from India, RP--study INQ7.net, Agence France-Presse Last updated 08:44pm (Mla time) 11/05/2006 THE PHILIPPINES and India have to boost their overall competitiveness, as Asian countries gear up to get their share of the global offshore outsourcing pie, a recent global study showed. These top two outsourcing destinations will eventually compete with China, and other Asia Pacific countries that have similarly positioned themselves as outsourcing destinations, the latest Offshore City Competitiveness Report of market research firm neoIT showed. The study noted that companies have "moved beyond India" and the Philippines into not so well-known cities in the world since companies want to create a "global footprint." China and Eastern European countries are starting ...
4 comments
Read more