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Essay / Research Paper Abstract
A 6 page paper discussing persistent economic stasis even after several tax cuts following the appearance of the recession of 2001. The paper reviews the types of tax cuts that have been made, along with the results that typically could be expected. The US has yet to implement the tax cut that could be most beneficial, which is that on corporate dividends and personal savings. Bibliography lists 11 sources.
Page Count:
6 pages (~225 words per page)
File: CC6_KSeconStkEc.rtf
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Unformatted sample text from the term paper:
The United States enjoyed the longest period of economic expansion in history throughout most of the decade of the 1990s. A few voices were musing that perhaps the business
cycle was dead, that the old law of boom-and-bust was no longer valid. Most of those voices should have known better... Economist Paul Samuelson said the same thing
in 1969; by 1973 the United States was in deep recession that spread throughout the developed world in response to the international oil crisis of 1973-1974.
Reasonable people knew that a "correction" would be forthcoming, and the US economy was showing signs that such a correction was on the horizon. Some believed
that the fallout of the technology sector in the summer of 2000 constituted the entire correction, others believed it to be only the herald announcing the real thing that still
had not appeared. A year later, the US economy was teetering on the edge. The terrorist attacks of September 11, 2001 pushed it over the brink.
Since then, the US government has been watching the economy and striving to arrive at some stimulus package that could be workable and achieve the
desired results. The central bank has kept interest rates low, the federal government has instituted tax cuts and analysts urge consumers to spend. In essence, it is seeking
a balance between fiscal and monetary policy in order to provide growth stimulus in a recessionary economy. Governments Role and Responsibility John Maynard
Keynes maintained that it was the responsibility of the national government to take such action as might be necessary to direct the movement of the national economy. In Keynesian
...