@ISIDEWITHQuestionseconomyStarted 11yrs agoActive 2 days ago

Should the government use economic stimulus to aid the country during times of recession?

An economic stimulus is a monetary or fiscal policy enacted by governments with the intent of stabilizing their economies during a fiscal crisis. The policies include an increase in government spending on infrastructure, tax cuts and lowering interest rates. In response to the 2008 financial crisis Congress passed the American Recovery and Reinvestment Act of 2009. The Act included increased spending on energy, infrastructure, education, health and unemployment benefits. The Act will cost an estimated $787 billion through 2019.

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Answer Overview

Response rates from 638 Congressional District 12 voters.

82%
Yes
18%
No
71%
Yes
14%
No
4%
Yes, but in the form of increased spending on infrastructure
2%
No, recession is a natural cycle that purges excess
2%
Yes, but in the form of tax breaks for all citizens
1%
No, and the government should drastically reduce spending during recessions
2%
Yes, but in the form of tax breaks for low income citizens
2%
Yes, the government should intervene to boost a recovery
1%
Yes, but in the form of assisting sectors most heavily hit by the recession
0%
Yes, and collectivize all industry

Historical Support

Trend of support over time for each answer from 638 Congressional District 12 voters.

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Historical Importance

Trend of how important this issue is for 638 Congressional District 12 voters.

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Other Popular Answers

Unique answers from Congressional District 12 voters whose views went beyond the provided options.

 @98ZWDY5 from Oklahoma  answered…2yrs2Y

No, set a universal basic income instead

 @98D6Q8P from Oklahoma  answered…2yrs2Y

No, set a universal basic income program instead

 @9L4Z23B  from Pennsylvania  answered…8mos8MO

Yes, but be mindful of overstimulating the economy, increasing inflation rates, and increasing deficits on programs that do not increase GDP

 @9RKSSHQ from Utah  answered…5mos5MO

Yes, but only in very dire circumstances, and to those who need it most. Doing too much of this can lead to inflation later.

 @9LD5YZN from California  answered…8mos8MO

Yes, but in the form of tax breaks for Middle and working class citizens, and increased spending on infrastructure.

 @9FDDZ5B from Massachusetts  answered…1yr1Y

Yes but only in the form of monthly stimulus checks.

 @9PBT9SW from Texas  answered…6mos6MO

Yes, public spending like increasing funding for infrastructure and providing benefits that supports the consumers will improve the economy

 @9SGS2K2 from Kansas  answered…4mos4MO

Yes, by helping out individuals and small businesses to increase spending but not on large businesses that have caused themselves to fail

Latest News

Stay up-to-date on the most recent “Economic Stimulus” news articles, updated frequently.

  @lemans3427 from California submitted…10mos10MO

Commercial Real Estate Crisis Threatens Global Economy

Recent global events have sparked fears of a commercial real estate crisis in Europe, mirroring situations in Japan and the US. Notably, Deutsche Pfandbriefbank AG faces significant downturns due to the real estate market's weakness.The past week has witnessed significant downturns in the stock values of several banks worldwide, particularly those with substantial exposure to commercial property loans. Mirroring unsettling developments in Japan and the United States, Europe is now facing the prospect of an emerging commercial real estate crisis. Some senior officials at the European Central Bank say Germany will inevitably be a special focus as they examine CRE risks at banks across the region.“There is more pain to come in real estate valuations, so what does that mean for lenders and does that mean there is the potential for a crisis?”German banks have the most commercial real estate loans in the European Union, along with their French peers, but they have classified a relatively small portion of those loans as non-performing. Recently, however, that share has been rising while it declined in several other countries.“This is definitely not just a US problem,” said Valeriya Dinger, a professor of economics at Germany’s University of Osnabrueck. “I wouldn’t be surprised if we see a wave of loan loss provisions for German banks on their domestic commercial real estate exposure,” she said, even if there’s no systemic risk.German property values are particularly vulnerable to higher borrowing costs because capitalization rates — or the potential return on a real estate investment — were pushed lower there than in other markets during the cheap money era. That reflected in part the fact that yields on German government bonds, a benchmark for investors, were negative at the time.

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 @ISIDEWITH submitted…10mos10MO

China Creates A Global Economic Shock

The first China shock came after a series of liberalizing reforms in China in the 1990s and its accession to the World Trade Organization in 2001. For U.S. consumers, this brought considerable benefits. One 2019 paper found that consumer prices in the U.S. for goods fell 2% for every extra percentage point of market share grabbed by Chinese imports, with the biggest benefits felt by people on low and middle incomes. But the China shock also piled pressure on domestic manufacturers. In 2016, Autor and other economists estimated that the U.S. lost more than two million jobs between 1999 and 2011 as a result of Chinese imports, as makers of furniture, toys and clothes buckled under the competition and workers in hollowed-out communities struggled to find new roles. A sequel of sorts appears to be under way. China’s economy expanded 5.2% last year, a subdued rate by its standards, and is expected to slow further as a drawn-out real-estate crunch crushes investment and consumers rein in spending. Capital Economics, a consulting firm, thinks annual growth will slow to around 2% by 2030. Beijing is seeking to engineer an economic turnaround by plowing money into factories, especially for semiconductors, aerospace, cars and renewable-energy equipment, and selling the resulting surplus abroad. Protectionism might shift some of the deflationary impact to other parts of the world, as Chinese exporters look for new markets in poorer countries. Those economies could see their own fledgling industries shrivel in the teeth of Chinese competition, much as the U.S. did in an earlier era.

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 @ISIDEWITH submitted…3wks3W

Donald Trump nominates Pam Bondi as the next Attorney General

Former President and 2024 Republican presidential candidate Donald Trump has announced his intention to nominate former Florida Attorney General Pam Bondi as the next Attorney General of the United States, should he reclaim the presidency in the upcoming election.Bondi, a prominent figure in Republican politics, served as Florida's Attorney General from 2011 to 2019. She gained national attention for her legal battles on issues such as health care reform, consumer protection, and opioid abuse litigation. Known for her steadfast support of Trump during his presidency, Bondi also served as a key adviser during his first impeachment trial, where she defended his administration against accusations of abuse of power.In a statement released by his campaign, Trump praised Bondi’s “unwavering commitment to justice” and her “track record of standing up for everyday Americans against the abuses of Washington’s elites.”“Pam Bondi has been a fearless advocate for the people, and she embodies the principles of fairness, accountability, and the rule of law that are sorely needed to restore trust in our justice system,” Trump said. “She is the right person to lead the Department of Justice into a new era of integrity and excellence.”While Bondi’s nomination has been met with applause from conservative circles, it has also reignited criticism from Democrats and ethics watchdogs. Her acceptance of a $25,000 donation from the Trump Foundation in 2013, which coincided with her decision not to pursue an investigation into Trump University, has drawn scrutiny in the past and resurfaced following the announcement.Democratic leaders have already voiced opposition, questioning Bondi’s ability to lead the Department of Justice independently. Senator Amy Klobuchar (D-MN) called the nomination “a political power play” and urged a focus on “restoring integrity, not entrenching partisanship.”

▲  2317 replies

Active 3 days ago

 @ISIDEWITH submitted…3wks3W

Kamala Harris is considering running for president again in 2028

Kamala Harris has been lying low since her defeat in the presidential race, unwinding with family and senior aides in Hawaii before heading back to the nation’s capital.But privately, the vice president has been instructing advisers and allies to keep her options open — whether for a possible 2028 presidential run, or even to run for governor in her home state of California in two years. As Harris has repeated in phone calls, “I am staying in the fight.”She is expected to explore those and other possible paths forward with family members over the winter holiday season, according to five people in the Harris inner circle, who were granted anonymity to discuss internal dynamics. Her deliberations follow an extraordinary four months in which Harris went from President Joe Biden’s running mate to the top of the ticket, reenergizing Democrats before ultimately crashing on election night.“She doesn’t have to decide if she wants to run for something again in the next six months,” said one former Harris campaign aide. “The natural thing to do would be to set up some type of entity that would give her the opportunity to travel and give speeches and preserve her political relationships.”“She doesn’t have to decide if she wants to run for something again in the next six months,” said one former Harris campaign aide. “The natural thing to do would be to set up some type of entity that would give her the opportunity to travel and give speeches and preserve her political relationships.”Harris concedes: 'We must accept the results of this election'SharePlay VideoMost immediately, Harris and her advisers are working to define how and when she will speak out against Donald Trump and reassert her own role in the Democratic Party. Closing out her term as vice president, she’s set to preside over certifying the November election she lost to Trump, and then appear at the once-and-future president’s inauguration on Jan. 20.“There will be a desire to hear her voice, and there won’t be a vacuum for long,” a person close to Harris said.At the same time, Harris and her husband, Doug Emhoff, will have a long checklist to plow through before they leave the Naval Observatory for good.They have to decide whether they’ll take up permanent residence at their home in Los Angeles, or establish a base elsewhere. No matter where Harris and her family live, some around her have expressed concerns about safety, as her Secret Service protection expires six months after stepping away.

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 @ISIDEWITH submitted…3 days3D

Elizabeth Warren Walks Back Murder Comments

Congressional Democrats broadly denounced the murder of UnitedHealthcare CEO Brian Thompson Friday morning, after Republicans started accusing Sen. Elizabeth Warren of excusing violence.“No one's condoning this,” said Rep. Brad Schneider (D-Ill.). “Violence never is the right answer for anything. And it was a horrible murder, a tragic loss for his family.” Warren this week condemned the shooting, but added that people “can be pushed only so far.”"We'll say it over and over," Warren said on MSNBC’S “The ReidOut.” " Violence is never the answer. This guy [Luigi Mangione] gets a trial who's allegedly killed the CEO of UnitedHealth, but you can only push people so far, and then they start to take matters into their own hands."In a statement to POLITICO, Warren said, “Violence is never the answer. Period. I should have been much clearer that there is never a justification for murder.” Top Republicans denounced Warren's comments and the walked-back rhetoric, with House Majority Leader Steve Scalise (R-La.) calling it “inappropriate and dangerous.”Some House Democrats asked about the incident on Thursday pivoted the conversation to discuss policy options on health care or gun safety.“I don't really know that this is really a space that Congress normally weighs in on,” said Rep. Jasmine Crockett (D-Texas). “But at the end of the day, I think it’s an opportunity, because now people are talking about health care and to talk about the fact that this industry has honestly not been as helpful as it could be.”“Violence is never the answer,” said Rep. Troy Carter (D-La.). “We know that there are people suffering, there’s great challenges in healthcare. There's great challenges, and people have, in fact, been wronged, but a process of governance is the way to address that, not violence.”And Rep. Ted Lieu (D-Calif.) who denounced the murder, said the killer should be prosecuted and that “I do know that allegedly a ghost gun was used, and we should also ban ghost guns. There's no reason for them beyond the streets.”

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