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Business Cycles and Economic
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Business Cycles and Economic Outlook
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3. This exercise demonstrated that the change in the real GDP growth rate in Q4 2008 was -6.3%. Using what you have learned in the previous modules, if you were an advisor to President Obama, what types of policies would you advocate to stimulate the economy?
I would focus on energy transformation and advice President Obama, that such a policy would create jobs and increase manufacturing. Increases in manufacturing reveal benefits early, one can track the benefit at all stages and report the benefits to the public quickly. According to a statement released by the Center for American Progress, solar panels dont install themselves. Wind turbines dont manufacture themselves. Homes and buildings dont retrofit or weatherize themselves. In our industrial society, trees dont even PLANT themselves, anymore. Real people must do all of that work. The public wants a quick fix, they want to start hearing that the economy is doing better and a focus on manufacturing will accomplish this. Additionally, there has been increasing pressure on the White House to focuses on alternative energy sources. Such a policy would gain favor with democratic and liberal environmentalists
4. Do you consider your views to be more aligned with a
or
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