In the run up to the 2008 US presidential election, both major contenders, John McCain and Barack Obama, promised that if they were elected they would push for significant new discretionary fiscal policy in 2009.\u00a0 Obama’s proposals as a candidate was for legislation which would be roughly 2\/3 new government spending and 1\/3 tax cuts or stimulus checks (This is roughly the distribution of the 2009 economic stimulus that Obama signed into law in 2009 shortly after he took office).\u00a0 McCain’s proposal was for roughly 3\/4 tax cuts or stimulus checks and 1\/4 new government spending.
For this assignment answer the following in paragraph format: Do you think discretionary fiscal policy would be more effective if its primarily tax cuts\/payments to households, increases in government spending, or a equal balance of both?\u00a0 If you were president in 2009 what type of fiscal policy (if any) would you have pushed for?
Lastly, discuss what possible negative unintended consequences could arise from the 2009 fiscal policy you described. <\/p>\n","protected":false},"excerpt":{"rendered":"
In the run up to the 2008 US presidential election, both major contenders, John McCain and Barack Obama, promised that if they were elected they would push for significant new discretionary fiscal policy in 2009.\u00a0 Obama’s proposals as a candidate was for legislation which would be roughly 2\/3 new government spending and 1\/3 tax cuts […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[22],"class_list":["post-12347","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-economics"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/12347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=12347"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/12347\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=12347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=12347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=12347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}