Imagine that you are the President of the United States. The GDP in the country has decreased for the past 7 quarters (21 months). Unemployment has reached 10%. Businesses are failing. Banks are hesitant to lend any money. Gas prices have increased to $4.25 a gallon. Inflation is out of control. What do you do?
Your job is two create a plan to rescue the country from this recession/depression. As president your advisors have given you a list of 10 possible solutions to end the recession. You must pick at least 2 solutions.
Requirements:
- 2 paragraphs
- 3 positives for each of your solutions
- 1 negative for each of the solutions
- Explanation of how this will help the American Economy
- Explanation of how your plan will instill faith in the American people
- “Direct Stimulus Payments to Citizens” (government expenditure) (money into the economy)
- “Infrastructure as an Automatic Stabilizer” (government expenditure)(money into the economy)
- Increased Unemployment Insurance (government expenditure)(money into the economy)
- Increasing Funding for The Temporary Assistance for Needy Families program (TANF) (government expenditure)(money into the economy)
- Lowering Interest Rates on loans for new homes (money into the economy)
- The Supplemental Nutrition Assistance Program (SNAP) (government expenditure)
- Print more money(inflation)(money into the economy)
- Increase taxes on the wealthy -(top 5%), (Increase tax revenue)
- Decrease taxes on the lowest 50% of the economy. (loss of tax revenue, put money into the economy)
- Tax luxury items at a higher rated (Increase tax revenue)
- Lower gas prices by presidential decree to $2.50. Subsidize oil companies to drill and operate more wells in the United States.
