@ISIDEWITHQuestionseconomyStarted 11yrs agoActive 3wks 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 2016 Justin Trudeau proposed a stimulus package which he claims will raise GDP by 0.5 per cent and create 100,000 jobs.

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Answer Overview

Response rates from 845k Canada voters.

87%
Yes
13%
No
69%
Yes
11%
No
6%
Yes, but in the form of tax breaks for all citizens
2%
No, recession is a natural cycle that purges excess
5%
Yes, but in the form of increased spending on infrastructure
0%
No, and the government should drastically reduce spending during recessions
4%
Yes, but in the form of assisting sectors most heavily hit by the recession
2%
Yes, the government should intervene to boost a recovery
0%
Yes, but in the form of tax breaks for low income citizens
0%
Yes, and collectivize all industry

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Other Popular Answers

Unique answers from Canada voters whose views went beyond the provided options.

 @9FQB6TFfrom Manitoba  answered…1yr1Y

Tax breaks for all working people.

 @9ZYVF3Mfrom Ontario  answered…3wks3W

During recessions there should be tax breaks for low income individuals and sectors heavily affected by the recession, but the government should also reduce spending excess.

 @9WYDMSDfrom British Columbia  answered…2mos2MO

Yes, we can do more than 1 thing at a time, we can collectivize industry that has collapsed from the private sector, turn it around to become profitable and fund social programs but also as a right away thing protect thousands of jobs. tax breaks, spending more repairing infrastructure to attract businesses, assisting other failing sectors with wage subsidies and mortgage/rent freezing/coverage. theres a lot we can and should do to stop the awful symptoms of recession.

 @9RZPX67from Alberta  answered…5mos5MO

as long as it goes to support the 60% of canadian who actually create the jobs, not govt consulting contracts

 @9RFSJMHfrom New Brunswick  answered…5mos5MO

Yes, to reasonably sustainable amounts that do not cause excessive increases in the national debt. This should also be coupled with paying down the debt during good times.

 @9FQB6TFfrom Manitoba  answered…1yr1Y

Tax breaks for all working people not just the poor. The working people are the ones keeping the country running.

 @9FPVJCGfrom Ontario  answered…1yr1Y

Fiscally responsible spending and balanced budgets in periods of high economic growth gives governments the flexibility to increase spending on infrastructure while reducing taxes in times of recession.

 @9FB4M2Cfrom Quebec  answered…1yr1Y

Yes, but only for Canadian-born citizens and not immigrants.

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…2mos2MO

Inside the Podcast Revolution: Trump’s Unfiltered Strategy and Harris’s ‘Meltdown’ Risk

Tech billionaire Elon Musk attributed President-elect Trump’s election victory, at least in part, to the lengthy podcast interviews he did during the campaign.In an interview late Tuesday with former Fox News host Tucker Carlson, Musk said Trump’s podcast appearances showed the American public that he was a normal person.“I think it made a big difference that President Trump and soon-to-be Vice President Vance went on lengthy podcasts,” Musk said in the interview.“I think this really makes a difference because people look at, like, Joe Rogan’s podcast, which is great, and Lex Fridman’s and the All-In podcast, and, you know, to a reasonable-minded, smart person — who’s not, like, hardcore one way or the other — they just listen to someone talk for a few hours and that’s how they decide whether, you know, you’re a good person, whether they like you,” he added, according to a clip highlighted by Mediaite.Trump conducted many interviews with new media during his campaign, as well as with legacy news organizations such as Fox News.Last month, he joined Joe Rogan’s podcast for a 3-hour long interview. The celebrity host later endorsed his candidacy.His opponent, Vice President Harris, did not appear on Rogan’s podcast because, according to “The Joe Rogan Experience” host, the Harris campaign only had an hour and required him to travel to her. Rogan said he felt “strongly” that the “best way to do” an interview with the vice president would have been in his studio in Austin, Texas.Musk recalled posting on his social platform X account that “nothing would do more damage” to Harris’s campaign than going on Rogan’s podcast, “because she would run out of non-sequiturs after about 45 minutes.”“You can’t hide for three hours,” Carlson replied.Musk added, “Yeah, like, hour two and three would be a complete melted puddle of nonsense. So it would just be absolute game over. That’s why she didn’t go on.”“But on the other hand, Trump, he’s there, and there’s no, there’s no talking points,” the Tesla CEO continued. “He’s just being a normal person who’s having a conversation, and doing three hours of Rogan, no problem.”

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 @ISIDEWITH submitted…3wks3W

Biden will issue a pardon of his son Hunter Biden

President Joe Biden has decided to issue a pardon for his son Hunter and is expected to announce it Sunday night, according to a senior White House official with direct knowledge of the decision.The decision marks a reversal for the president, who has repeatedly said he would not use his executive authority to pardon his son or commute his sentence. The pardon comes ahead of Hunter Biden’s Dec. 12 sentencing for his conviction on federal gun charges. Hunter Biden also is set to be sentenced in a separate criminal case on Dec. 16, after pleading guilty in September on federal tax evasion charges.The pardon is expected to cover both Hunter Biden’s gun charges conviction and guilty plea.The senior White House official said Biden decided over this weekend to grant his son a pardon and began to inform his senior aides on Sunday. Using his pardon power to assure Hunter Biden does not spend time in jail comes as the 82-year-old president is near the end of his term in the White House and has no future election to face. In recent months Biden has said he would not pardon his son or commute his sentence.“I will not pardon him,” the president said of his son in June after a jury found him guilty on three federal gun charges.President Biden has discussed issuing a pardon for his son with some of his closest aides since at least Hunter Biden’s conviction in June, two people with direct knowledge of the discussions about the matter said. They said a decision was made at the time for the president to publicly say he would not pardon his son even though doing so remained on the table.White House press secretary Karine Jean-Pierre told reporters earlier this month that the president’s position has not changed.

▲  1713 replies

Active 11hrs ago

 @ISIDEWITH submitted…6 days6D

Defense Bill Blocks Transgender Care To Minors

The Senate on Wednesday gave final approval to a defense policy bill directing $895 billion toward the Pentagon and other military activities, moving over the objections of some Democrats who opposed a provision added late in the negotiations that would deny coverage for transgender health procedures for minors.The 85-to-14 vote, coming a week after a divided House passed the same measure, cleared the bill for President Biden’s signature.Most Republicans and many Democrats supported the measure, which provides a 14.5 percent pay raise to junior enlisted service members and a 4.5 percent pay raise for all other service members. It also expands access to meal assistance, housing and child care programs that benefit those in uniform.But several Democrats withheld their backing in protest of a provision preventing TRICARE, the military’s health care plan for service members, from covering “medical interventions for the treatment of gender dysphoria that could result in sterilization” for children under 18.The language, which would affect the gender-transitioning children of service members, was recently added to the measure at the insistence of Speaker Mike Johnson, Republican of Louisiana, who refused to bring a defense bill to the House floor without it, according to aides familiar with the negotiations.Twenty-one Democrats, led by Senator Tammy Baldwin of Wisconsin, proposed an amendment to strip the provision from the bill, but the matter was never brought to a vote. Several of them took to the floor on Tuesday to lodge their objections.“It’s flat-out wrong to put this provision in this bill and take away a service member’s freedom to make that decision for their families,” Ms. Baldwin said, estimating that the provision could negatively affect as many as 6,000 to 7,000 military families.

▲  1911 replies2 agree