Question
We had several fiscal stimulus packages during the Bush and Obama Administrations to try to expand the economy.We borrowed and spent Trillions of dollars and
We had several fiscal stimulus packages during the Bush and Obama Administrations to try to expand the economy.We borrowed and spent Trillions of dollars and got a relatively small increase in the GDP.However, now real incomes are up and unemployment is down.Some would argue the money was well spent and it just took longer than expected but the economy is now on track and we did the right thing.
Some would argue that all the borrowed money has pushed us much deeper in debt and the economy would have recovered without any help from the government.The whole thing was a waste and dangerously flawed public policy.
The question is "Is the government managing our economy, or mismanaging it? Take a side and discuss in detail, giving examples to support the position."
Thank you
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