Here, it must focus on alleviating unemployment and promote not only the needs of companies/industries but rather the capacity to induce packages that are facilitative and responsive to the real problems that are happening. In essence, it must be adherent to improving unemployment and provision of healthcare benefits. ‘Why Government Spending Does Not Stimulate Economic Growth: Answering the Critics. And how taxes affect economic growth’. Brian M. Riedl. Wall Street Journal, January 8, 2010
The purpose of this article has revolved around the careful facilitation and development of arguments concerning the value of government interventions during recessions. Here, the author does not seek to outline what is significant or reasonable behind these arguments. Rather, it corresponds to allowing the readers to recognize that regardless of the government interventions during recessions, the economy continues to overcome these problems accordingly.
Summarizing the article, it can be seen that the article points out the arguments as to why government interventions remains effective and disruptive of the economy to further opportunities to overcome the problem. Here, it corresponds to Keynesian economics and application of tax policies. Though these stimulus packages have been a result of a short-term policy to address the needs of the citizenry, it has provided the necessary leverage to improve capabilities to generate jobs.
However, considerable challenges also portray in these programs to actively target objectives and foster increased unemployment and inflation rates. Analyzing this article, it can be seen that the idea of government intervention takes into account effectively pointing out and fostering support mechanisms on industries that need it the most. Indeed, it brings about diverse reactions from economists and policy makers regarding its feasibility and value.
Though considerable changes have been elaborated in terms of infusing economic policies, it carries alongside specific challenges in the aspect of sustainability and reinforcement. Given these, the validity of ascertaining the appropriate government intervention may indeed be necessary in order to allow effective means for the allowing both economic recovery to be possible and infuse greater means to foster economic stability. ‘Taking the National Debt Seriously’.
Lawrence Kadish. Wall Street Journal, October 11, 2009 NATIONAL DEBT AND GOVERNANCE The purpose of this article revolves around careful elaboration of how national debt remains significant among common Americans. Despite its complicated nature in both computation and impact in the economy, it takes into consideration deriving responsibility among American citizens not only in examining what they spend but also on how these credit systems are valuable in addressing their future.