@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 225k New Democratic voters.

90%
Yes
10%
No
72%
Yes
8%
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
3%
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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Trend of how important this issue is for 225k New Democratic voters.

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Other Popular Answers

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

 @9FQB6TFfrom Manitoba  answered…1yr1Y

Tax breaks for all working people.

 @9WYDMSDfrom British Columbia  answered…1mo1MO

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…4mos4MO

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

 @9RFSJMHfrom New Brunswick  answered…4mos4MO

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.

 @9F5KMPVfrom Alberta  answered…1yr1Y

The government should be making sure people who lost their jobs due to a recession get a basic income to pay for their food, water, electricity and shelter. Quick action needs to be taken to ensure the economy gets back on track but not at the cost of cutting government funding.

Latest News

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  @lemans3427 from California submitted…9mos9MO

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…9mos9MO

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…20hrs20H

Mexican Shuts Down 2 Migrant Caravans After Trump Threat

Mexican immigration authorities have broken up two small migrant caravans headed to the U.S. border, activists said Saturday.Some migrants were bused to cities in southern Mexico, and others were offered transit papers.The action comes a week after U.S. President-elect Donald Trump threatened to slap 25% tariffs on Mexican products unless the country does more to stem the flow of migrants to the U.S. border.On Wednesday, Trump wrote that Mexican President Claudia Sheinbaum had agreed to stop unauthorized migration across the border into the United States. Sheinbaum wrote on her social media accounts the same day that “migrants and caravans are taken care of before they reach the border.”Migrant rights activist Luis García Villagrán said the breaking-up of the two caravans appeared to be part of “an agreement between the president of Mexico and the president of the United States.”The first of the caravans started out from the southern Mexico city of Tapachula, near the border with Guatemala, on Nov. 5, the day Trump was elected. At its height it had about 2,500 people. In almost four weeks of walking, it had gone about 270 miles (430 kilometers) to Tehuantepec in the state of Oaxaca.In Tehuantepec, Mexican immigration officials offered the tired migrants free bus rides to other cities in southern or central Mexico.“They took some of us to Acapulco, others to Morelia, and others from our group to Oaxaca city,” said Bárbara Rodríguez, an opposition supporter who left her native Venezuela after that country's contested presidential elections earlier this year.Rodríguez said by telephone she later caught a bus on her own to Mexico City.In a statement Saturday, the National Immigration Institute said the migrants voluntary accepted bus rides “to various areas where there is medical assistance and where their migratory status will be reviewed,” and said “upon accepting (the rides), they said they no longer wanted to face the risks along their way.”

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 @ISIDEWITH submitted…1wk1W

Israeli prime minister approves Lebanon ceasefire deal

Israeli Prime Minister Benjamin Netanyahu approved the emerging ceasefire deal with Hezbollah “in principle” during a security consultation with Israeli officials Sunday night, a source familiar with the matter said.Israel still has reservations over some details of the agreement, which were expected to be transmitted to the Lebanese government on Monday, the source said.Those and other details are still being negotiated and multiple sources stressed that the agreement will not be final until all issues are resolved.A ceasefire agreement will also need to be approved by the Israeli cabinet, which has not yet occurred.Sources familiar with the negotiations said talks appear to be moving positively toward an agreement, but acknowledged that as Israel and Hezbollah continue to trade fire, one misstep could upend the talks.United States envoy Amos Hochstein said in Beirut last week that a ceasefire deal between Israel and Lebanon was “within our grasp,” but that it was ultimately “the decision of the parties.”He met Lebanese Prime Minister Najib Mikati and parliament speaker Nabih Berri, the interlocutor with Hezbollah in the talks and said there had been “constructive” and “very good discussions to narrow the gaps.”“We have a real opportunity to bring conflict to an end,” he added last week. “The window is now.” He departed Lebanon for Israel on Wednesday to try to bring the negotiations “to a close.”The US-backed proposal aims to achieve a 60-day cessation of hostilities that some hope could form the basis of a lasting ceasefire.On Sunday, CNN analyst and Axios reporter Barak Ravid cited a source as saying Hochstein had told the Israeli ambassador to Washington on Saturday that if Israel did not respond positively in the coming days to the ceasefire proposal, he would withdraw from the mediation efforts.Hochstein’s trip to the region followed Beirut responding “positively” to a US-backed proposal to stop the war, Mikati said last week, adding that large parts of the draft agreement were resolved.

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 @ISIDEWITH submitted…2wks2W

Holy Intervention: Iran Urges Pope Francis to Stop War in Middle East

Iran's President Masoud Pezeshkian called on Pope Francis to use his influence with Christian governments to stop war in the Middle East, semi-official Fars news agency reported on Wednesday."Encourage world leaders, especially Christian governments, to prevent the continuation of aggressions made by the criminal Israeli regime," Pezeshkian said, in what Fars described as a message to the Pope.The message was delivered by an Iranian delegation participating in a religious dialogue event held in the Vatican, Iran's government website said.Tehran and the Holy See have enjoyed formal diplomatic relations since 1954, and Iran's Supreme Leader Ayatollah Ali Khamenei in 2022 shared a message to Pope Francis lauding his "stances on consolidating relations between Islam and Christianity".Last week, Pope Francis suggested the global community should study whether Israel's military campaign in Gaza constituted a genocide of the Palestinian people, in some of his most explicit criticism yet of Israel's conduct in its year-long war.Israel says accusations of genocide in its Gaza campaign are baseless and that it is solely hunting down Iranian-backed Hamas and other armed groups.Pezeshkian added that Tehran was ready to engage constructively with the Vatican to promote peace and justice in the world.Francis, leader of the 1.4 billion-member Catholic Church, is usually careful not to take sides in international conflicts, and to stress de-escalation. But he has stepped up his criticism of Israel's conduct in its war against Hamas recently.

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