Stimulating America

It very well seams that the US is heading towards a new way of thinking, called progressivisms. Teddy Roosevelt introduced this during his administration, calling the world to its change. The years fallowing brought with it a social belief settings in the way the US protects its interests and conducts its business. For it is in this debatable opinion some believe, that some if not most of the Government's regulatory and fiduciary enforcements stem from this type of Idealism.

In 2008 G. W. Bush introduced Americans to the "Economic Stimulus Act of 2008". It was designed stimulate America into purchasing goods again before the America plunged into a recession. The idea was to use a fiscal policy to combat recessions. This was introduced by John Maynard Keynes in the 1930s, partly as a response to the Great Depression.

In a well written article, by Eric Epstein and Matt Brouillette, of the Central Penn Business Journal enlightens their readers on such current events that affect the economy. This attempt will be made to enlighten the reader of current events involving the "Stimulus Package", also now known as "American Recovery and Reinvestment Act".

Mr. Obama steps up to the podium to take his oath on January 21, 2009, leaving him to take his turn at the current stimulus idea. Without much effort, the now President convinces congress to let loose of money. The President faced a nation much like Franklin D. Roosevelt faced in the 1930's when he took the Presidential office. From this standpoint it looked like the new administration would have its work cut out for them.

Much like the 1930's when The President introduced work plans to help get America back on its feet. The theory was if a person worked and felt secure that person was going to spend some of the earned money on consumer goods. The working person now had an incentive for buying new goods that would in turn stimulate production. With Americans producing again, the restoration process begins for the economy. "Fiscal policy is the use of government expenditure and taxation to manage the economy". The idea of using fiscal policy to combat recessions was introduced by John Maynard Keynes in the 1930s, partly as a response to the Great Depression.

With Obama's stimulus package, America's ever increasing debt rose to nearly 10 percent without putting Americans back to work. If Obama has plans to keep on using the traditional fiscal policy, proposed by Keynes. America will have to attempt bail its way out of all the money spent thus far by taxation possibly through a health bill, or some other means, by putting a higher demand on its tax payers.

In order for an economy to work, there has to be jobs, and in order to spend money on goods to keep the economy progressing there has to be jobs. To pay for the ever growing tax burden there has to be jobs.

The outlook of how this Keynesian economics systems works; is to spend your way out of the problem. So therefore money must be gathered from tax payers to spend on America's recovery idea. Paraphrasing Eric Epstein and Matt Brouillette. "From FDR to the GWB eras this old idea of Keynesian economics might be better left off at the curb side, then abiding by the wisdom of Jean-Baptiste".