This Element is an excerpt from Seeds of Destruction: Why the Path to Economic Ruin Runs Through Washington, and How to Reclaim American Prosperity (9780137027736) by Glenn Hubbard and Peter Navarro. Available in print and digital formats.
Why the 2009 fiscal stimulus went so wrong—and what America needs to do instead.
President Obama inherited a very difficult economic situation. Unemployment had climbed to a 16-year high, and economic recovery was nowhere in sight. He quickly turned over responsibility for designing the stimulus bill to congressional leadership. Harry Reid and Nancy Pelosi proved far more adept at crafting “sprawling, undisciplined” pork barrel legislation than a package likely to spur recovery and long-term growth.
- Title: Why You Can’t Stimulate Your Way to Prosperity
- Release date: April 2011
- Publisher(s): Pearson
- ISBN: 9780132781862
You might also like
The Handbook of Municipal Bonds
In The Handbook of Municipal Bonds, editors Sylvan Feldstein and Frank Fabozzi provide traders, bankers, and …
Powered by Storytelling: Excavate, Craft, and Present Stories to Transform Business Communication
HARNESS THE UNIVERSAL POWER OF STORYTELLING TO IMPROVE ALL OF YOUR BUSINESS COMMUNICATIONS. What’s your story? …
Handbook of the Economics of Finance SET:Volumes 2A & 2B
This two-volume set of 23 articles authoritatively describes recent scholarship in corporate finance and asset pricing. …
Risk consideration is central to more accurate post-crisis valuation Corporate Valuation presents the most up-to-date tools …