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Letizia Cinganotto US economic US economic stimulus package stimulus package BBC BUSINESS ENGLISH BBC BUSINESS ENGLISH February 08 February 08 Letizia Cinganotto

Us Economy Plan

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Page 1: Us Economy Plan

Letizia Cinganotto

US economic US economic stimulus packagestimulus package

US economic US economic stimulus packagestimulus package

BBC BUSINESS ENGLISHBBC BUSINESS ENGLISHFebruary 08February 08

Letizia Cinganotto

Page 2: Us Economy Plan

Letizia Cinganotto

What is the stimulus package worth $150 bn

aimed at?

Page 3: Us Economy Plan

Letizia Cinganotto

helping ordinary Americans deal with the economic downturn.

Page 4: Us Economy Plan

Letizia Cinganotto

TRUE OR FALSE?

The Congress easily approved it.

F

Page 5: Us Economy Plan

Letizia Cinganotto

What does the plan include?

Page 6: Us Economy Plan

Letizia Cinganotto

• one-off rebates of up to $600 for individuals and $1,200 for couples plus $300 for each child.

• rebates for low income retirees and military veterans

Page 7: Us Economy Plan

Letizia Cinganotto

What’s the meaning of rebate?

• Money given back?• Prices reduced?• Discussion?

Page 8: Us Economy Plan

Letizia Cinganotto

Money given back

Page 9: Us Economy Plan

Letizia Cinganotto

Explain the expressions“low income retirees” and “military veterans”

Page 10: Us Economy Plan

Letizia Cinganotto

Did President Bush welcome the plan?

Why?

Page 11: Us Economy Plan

Letizia Cinganotto

Yes, because it would help stimulate consumer spending and accelerate needed business investment.

Page 12: Us Economy Plan

Letizia Cinganotto

Why are some politicians worried?

Page 13: Us Economy Plan

Letizia Cinganotto

about the damage the plan will do to government finances - potentially doubling last year's budget deficit