A number of economists say that the president and Congress could do more to give the recovery a jolt immediately.
"Not that it's not important to cut the budget and reduce the deficit, but that's a long-term problem. It's more important to get the economy going again now," says Gus Faucher, an economist at Moody's.
The Stimulus Debate
Faucher says the federal government should provide more stimulus-oriented programs to shore up hemorrhaging state and local governments. He notes that state and local governments have shed about 500,000 jobs since 2008, including an average of 20,000 positions per month in the past six months.
"This is going to be a drag on growth, but people aren't talking about it because it's not popular," Faucher says. He also recommends expanding federal guarantees of small business loans to encourage banks to approve more loans for companies to reinvest in their operations and hire more workers.
Republicans argue that the stimulus funding, and other measures undertaken by Obama, merely increased the deficit without having a sustainable improvement to the economy. Their messaging has resonated with voters and made further spending politically unpopular. And Republicans' control of the House makes such a debate virtually a nonstarter, as evidenced by their success in framing upcoming 2012 budget talks exclusively around finding spending cuts.
"There's no economist that I think Republicans are going to listen to now that says the solution to our problems is more deficit spending," Ayres says. "Right now, with the result of the stimulus package, I think it would be very difficult to say the answer is having the federal government go borrow more money from China."
【免费咨询报名电话:010-6801 7975】
咨询报名MSN:xueliedu@hotmail.com
试一试网上报名
咨询报名QQ:
1505847972 | 1256358232 | 1363884583 | 1902839745 | 800072298 | 754854002 |
中专升大专 | 中专升本科 | 高升专 | 高升本 | 专升本 | 自考 |