Federal Stimulus

History of Federal Stimulus John Maynard Keynes Increasing government deficit and

spending to stimulate economy FDR and the New Deal

More Recently Economic Stimulus Act of 2008- $170

Billion American Recovery and

Reinvestment Act of 2009- $787 Billion

American Jobs Act???? Solyndra

Obama/Democratic Viewpoint

Believes in government spending to stimulate Economy

Trying to pass American Jobs Act

Rick Perry Viewpoint Attacking American Jobs Act Cut Taxes – especially on small

businesses Establish incentive funds to

encourage hiring of employees Invest in education

Michele Bachmann Viewpoint

Cut Spending Reduce Taxes Stop regulation from EPA such as Cap

and Trade Simplify complicated IRS tax code

Mitt Romney Viewpoint Reduce

• Taxes• Spending • Regulation• Government

Programs

Increase• Trade• Energy Production• Human Capital• Labor Flexibility