Explore BrainMass

Government policies to encourage economic growth

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

The government uses policies like student loans and free trade to influence the economy's growth rate. In 600-1200 words, identify at least four policies that the US government has created to impact economic growth and productivity. In your paper, please also evaluate whether each item has enhanced or diminished your quality of life, and make any appropriate recommendations that might improve the policies. Be sure the polices you choose are main stream well known policies. Include reference in APA format.

© BrainMass Inc. brainmass.com October 17, 2018, 12:14 am ad1c9bdddf

Solution Preview

Recently the government has introduced many stimulus spending plans in hopes of reviving the economy. So you have many options from which to choose. I have found some references on some of the recent stimulus bills. I am not permitted to write your essay for you, but feel free to let me know if you still need assistance with any particular part of the assignment.

Cash for clunkers was a popular program that allowed people to trade in their current vehicles and receive up to $4500 credit towards the purchase of a new vehicle. This compelled many people who otherwise might not have been interested in new vehicles to purchase them. A good reference for the effect of this policy can be found here:
The article discusses how the program resulted in an increase in borrowing, since $4500 is not enough to purchase a new car without additional funds. This increase in consumer borrowing stimulates the economy through the money multiplier.

APA citation for this article would read:
Isidore, C. (2009, August 6). Cash for Clunkers: Real Stimulus. Retrieved December 5, 2009 from CNNMoney web site http://money.cnn.com/2009/08/06/news/companies/clunkers_economic_impact/index.htm

Another helpful program was a tax credit for new home buyers. New home buyers received tax credits up to $8,000 on their Federal taxes. This program helped to keep the real estate ...

Solution Summary

Discussion of four policies designed to stimulate the economy

Similar Posting

Impacts of International Initiatives on Economic Growth

Assess President Obama and the Congressional Majority Democrats' stimulus, budgetary, and health care initiatives in the context of promoting Economic Growth and Development. In your view, are the Democrats' policy initiatives aimed more at encouraging Economic Growth or Economic Development? Or are they aimed at both? Defend your assessment accordingly. In doing so address these questions:

What were the challenges that these policy makers perceived at the time in terms of both the Business Cycle and broader social policy?
What theories did the Democrats use to justify their policies, both enacted and proposed, regarding taxes, spending, and the historic health care reform bill? Can one theory account for all of these policies?
Perhaps it was more than academic theories and immediate macroeconomic conditions. What ideological legacies may have been motivating the Democrats in their choice of eventual policy initiatives when they finally returned to power in 2009? As such, maybe the related planks in their 2008 National Platform offer some useful insights. Along these lines, briefly explain why Republicans were almost unanimous in their opposition to these initiatives.

In your assessment, do not get caught up in the minute details of the bills, just their broader economic and political significance when taken together and their role in encouraging Economic Growth and/or Development. Since it remains an open question as to just how effective these policy initiatives have been or will be, do not feel that you must offer definitive data in some form here. Just present your best arguments and supporting data as concisely and clearly as possible.

View Full Posting Details