@ISIDEWITHQuestionseconomyStarted 11yrs agoActive 1wk 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 496 People’s Party voters.

80%
Yes
20%
No
67%
Yes
16%
No
6%
Yes, but in the form of tax breaks for all citizens
3%
No, recession is a natural cycle that purges excess
3%
Yes, the government should intervene to boost a recovery
1%
No, and the government should drastically reduce spending during recessions
2%
Yes, but in the form of increased spending on infrastructure
1%
Yes, but in the form of assisting sectors most heavily hit by the recession
1%
Yes, but in the form of tax breaks for low income citizens
0%
Yes, and collectivize all industry

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Trend of support over time for each answer from 496 People’s Party voters.

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Trend of how important this issue is for 496 People’s Party voters.

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Other Popular Answers

Unique answers from People’s Party voters whose views went beyond the provided options.

 @9FQB6TFfrom Manitoba  answered…1yr1Y

Tax breaks for all working people.

 @9WYDMSDfrom British Columbia  answered…4wks4W

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

Stay up-to-date on the most recent “Economic Stimulus” news articles, updated frequently.

  @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…3 days3D

Texas Offers Trump 1,400 Acres for His Mass Deportation Dream

Officials in Texas have offered President-elect Trump a 1,400-acre ranch for his mass deportation plan.Dawn Buckingham, land commissioner of the Texas General Land Office, said in a letter to Trump Tuesday that her office was “fully prepared” to work with federal agencies that are going to be involved in Trump’s immigration plan, and specifically deportation.Buckingham offered Trump a 1,402-acre lot in Starr County. The lot is owned by the Texas General Land Office and is roughly 35 miles west of McAllen, Texas.She said the agency is ready to work with the Department of Homeland Security and Immigration and Customs Enforcement (ICE) or the U.S. Border Patrol to build a facility on the land for “the processing, detention, and coordination of the largest deportation of violent criminals in the nation’s history.”“I am committed to using every available means at my disposal to gain complete operational security of our border,” Buckingham wrote.The letter and offering of land were first reported by The Texas Tribune. Last month, the state bought the land along the U.S.-Mexico border and has plans to build a wall.In the letter, Buckingham criticized her predecessor for not allowing a border wall to be built on the property. Those actions “enabled cartel members and violent criminals to sexually abuse migrant women and children on this land,” she said.On Monday, Trump signaled he would declare an immigration national emergency and use military assets to support his mass deportation plan when he returns to office.

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 @ISIDEWITH submitted…2 days2D

Trump Blindsided by Assault Allegation Against Pete Hegseth

Members of President-elect Donald Trump’s transition team were blindsided by the latest details to emerge about a 2017 sexual-assault allegation against Pete Hegseth, increasing their frustration with the man nominated to lead the Pentagon, according to people familiar with the matter.The transition team, which hadn’t been told about the original allegation before announcing Hegseth, was surprised again late Wednesday night when the Monterey, Calif., city police released a report about the 2017 allegations. The heavily redacted report details a boozy night at a hotel in California, a poolside argument and two conflicting versions of what ultimately took place inside Hegseth’s hotel room.The Monterey police said a redacted version of the report had been released to Hegseth on March 30, 2021. The transition team wasn’t told that a copy of the police report had been released to Hegseth previously, the people familiar with the discussions said.“This is another instance of people being blindsided, so I think there’s rising frustration there,” said a person familiar with the transition. While the president-elect is still behind Hegseth for now, “if this continues to be a drumbeat and the press coverage continues to be bad, particularly on TV, then I think there is a real chance that he loses Trump’s confidence.”Hegseth told reporters on Capitol Hill on Thursday after meetings with senators that “the matter was fully investigated and I was completely cleared.” Through his lawyer, he has acknowledged the sexual encounter but said it was consensual, while the woman who made the allegation hasn’t spoken publicly.The details about the incident contained in the report, which was released to media the evening before Hegseth was set to meet Thursday with a number of senators, are likely to draw renewed scrutiny to the allegations at a pivotal moment for his nomination. Hegseth was already bracing for a bruising confirmation hearing next year amid questions about the alleged sexual misconduct and his qualifications for the job.

▲  149 replies

 @ISIDEWITH submitted…2 days2D

Starmer Throws Netanyahu Under the ICC Bus: UK Backs Arrest Warrant for Israeli PM

Sir Keir Starmer has backed the International Criminal Court (ICC) after it issued an arrest warrant for Benjamin Netanyahu, the Israeli prime minister.When asked about the issue, Sir Keir’s official spokesman said the Government respected the independence of the court.He declined to say whether Mr Netanyahu would be arrested if he arrived in the UK.The spokesman said: “We respect the independence of the ICC, which is the primary institutional institution for investigating and prosecuting the most serious crimes in relation to international law.“This Government has been clear that Israel has a right to defend itself in accordance with international law. There is no moral equivalence between Israel, a democracy and Hamas and Lebanese Hezbollah, which are terror groups.“We remain focused on pushing for an immediate ceasefire to bring an end to the devastating violence in Gaza.”Under the Conservatives, the British government had told the court it intended to challenge the plans for the arrest warrants.However, weeks after coming to power, Sir Keir’s government reversed that position and said it would not object.Downing Street also declined to say whether Mr Netanyahu would be welcome to visit Britain in the future.Sir Keir’s spokesman said: “We never comment on future international visits but my position on the Prime Minister’s support for Israel in terms of its right to defend itself in accordance with international law is very clear.”The spokesman repeatedly declined to “go into hypotheticals” about whether Mr Netanyahu would be arrested if he arrived in the UK.He added: “It’s not up to the Prime Minister to determine other world leaders’ travel schedules. He engages and will continue to engage with the prime minister of Israel in support of Israel’s right to defend itself.”Pressed on what he meant by his comments about the court, the spokesman said: “It means that we respect the independence of the ICC. We respect the fact that the ICC is the primary international institution for investigating and prosecuting the most serious crimes of international concern.”The spokesman went on to say the Government’s “focus” remained an end to the violence in the Middle East, which has been ongoing for more than a year after the Oct 7 terror attacks by Hamas.

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 @ISIDEWITH submitted…2 days2D

Donald Trump nominates Pam Bondi as the next Attorney General

Former President and 2024 Republican presidential candidate Donald Trump has announced his intention to nominate former Florida Attorney General Pam Bondi as the next Attorney General of the United States, should he reclaim the presidency in the upcoming election.Bondi, a prominent figure in Republican politics, served as Florida's Attorney General from 2011 to 2019. She gained national attention for her legal battles on issues such as health care reform, consumer protection, and opioid abuse litigation. Known for her steadfast support of Trump during his presidency, Bondi also served as a key adviser during his first impeachment trial, where she defended his administration against accusations of abuse of power.In a statement released by his campaign, Trump praised Bondi’s “unwavering commitment to justice” and her “track record of standing up for everyday Americans against the abuses of Washington’s elites.”“Pam Bondi has been a fearless advocate for the people, and she embodies the principles of fairness, accountability, and the rule of law that are sorely needed to restore trust in our justice system,” Trump said. “She is the right person to lead the Department of Justice into a new era of integrity and excellence.”While Bondi’s nomination has been met with applause from conservative circles, it has also reignited criticism from Democrats and ethics watchdogs. Her acceptance of a $25,000 donation from the Trump Foundation in 2013, which coincided with her decision not to pursue an investigation into Trump University, has drawn scrutiny in the past and resurfaced following the announcement.Democratic leaders have already voiced opposition, questioning Bondi’s ability to lead the Department of Justice independently. Senator Amy Klobuchar (D-MN) called the nomination “a political power play” and urged a focus on “restoring integrity, not entrenching partisanship.”

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