In which John discusses the financial crisis, recessions, and the fiscal stimulus bill just passed by the US Congress and expected to be signed by President Obama. And John Maynard Keynes. Oh, and he brags about his Academic Decathalon bronze medal. Oh and if you're wondering why I'm not talking about CEO compensation and corporate jets, it's because they aren't EVEN SLIGHTLY relevant to the health of the American economy. For further reading: Mark Zandi (former McCain economics adviser): http://www.philly.com/inquirer/opinion/20090215_Imperfect_stimulus_plan_is_still_the_best_answer.html Philosophical overview from the LA Times: http://opinion.latimes.com/opinionla/2009/02/pelosi-reid-sti.html p.s. Keynes's last words: "I wish I'd drunk more champagne." HERE ARE A LOT OF LINKS TO NERDFIGHTASTIC THINGS: Shirts and Stuff: http://dftba.com/artist/30/Vlogbrothers Hank's Music: http://dftba.com/artist/15/Hank-Green John's Books: http://amzn.to/j3LYqo ====================== Hank's Twitter: http://www.twitter.com/hankgreen Hank's Facebook: http://www.facebook.com/hankimon Hank's tumblr: http://edwardspoonhands.tumblr.com John's Twitter: http://www.twitter.com/realjohngreen John's Facebook: http://www.facebook.com/johngreenfans John's tumblr: http://fishingboatproceeds.tumblr.com ====================== Other Channels Crash Course: http://www.youtube.com/crashcourse SciShow: http://www.youtube.com/scishow Gaming: http://www.youtube.com/hankgames VidCon: http://www.youtube.com/vidcon Hank's Channel: http://www.youtube.com/hankschannel Truth or Fail: http://www.youtube.com/truthorfail ====================== Nerdfighteria http://effyeahnerdfighters.com/ http://effyeahnerdfighters.com/nftumblrs http://reddit.com/r/nerdfighters http://nerdfighteria.info/ A Bunny (\(\ ( - -) ((') (')
Views: 307925 vlogbrothers
12-23-2009 - Jim Cramer and Pete Morici explain why the stimulus plan wont create many jobs and why Obama's Mortgage Plan takes the wrong apporach and wont help the housing market. Essentially Rick Santelli is right that the plan needs to help all Americans not just constituent groups who got subprimes or borrowers who got caught while trying to "flip" houses. Jim Cramer is one of the people who was talking about this crisis pretty far in advance.
Views: 2883 TalkerOne
BARACK OBAMA HOME MORTGAGE STIMULUS PLAN 2 IN ARIZONA FEBRUARY 18 2009 CONCISE HIS EXPLANATION AND THE PLAN-THAT'S IT I REMOVED INTROS GREETINGS ETC.
Views: 1087 ZZZZZZZZZZZZAMBONI
OBAMA HOME MORTGAGE STIMULUS PLAN 1 IN ARIZONA FEBRUARY 18 2009 CONCISE HIS EXPLANATION AND THE PLAN-THAT'S IT I REMOVED INTROS GREETINGS ETC.
Views: 5539 ZZZZZZZZZZZZAMBONI
You won't believe what these two guys are going to buy with their Stimulus Package. MORE BARELY: Click here to subscribe! http://www.youtube.com/subscription_center?add_user=barelypolitical Follow us on Twitter http://www.twitter.com/barelypolitical http://www.twitter.com/barelydigital Check out our websites http://www.barelypolitical.com http://www.barelydigital.com Friend us on Facebook & Myspace http://www.facebook.com/barelypolitical http://www.myspace.com/obamagirl Leave us a voicemail 1-(646)-827-2202 Write us a letter! P.O. Box 30921 New York, NY 10011 Watch Amber's channel http://www.youtube.com/2girls2minutes --
Views: 6205827 The Key of Awesome
Watch more Politics 101 videos: http://www.howcast.com/videos/151881-How-To-Understand-the-Federal-Stimulus-Package Our economy's in the worst crisis since the Depression, and we need to turn things around. The government moved fast to pass the Economic Recovery and Reinvestment Plan – $787 billion of investment and tax cuts that will create 3.5 million jobs. Here are the plan's goals. Step 1: Understand the basics Break the cycle. Right now, consumers are worried about the economy. They aren’t spending, so businesses are struggling. When businesses struggle, people lose jobs. When people lose jobs, they cut their spending. It’s a vicious cycle, one that the recovery package aims to break. Step 2: Job creation Create jobs. The most important part of the package is job creation. The plan includes $150 billion to fund clean energy, technology, and infrastructure projects, which will employ millions of Americans looking for work. Step 3: Move toward a green economy Create green jobs, which put people back to work today, and make us more energy independent in the future. The projects in the package include: Modernizing the country’s electrical grid Developing wind turbines, solar panels, biofuels, and advanced vehicle battery systems Investing in clean water, flood control, and environmental restoration And increasing energy-efficiency in homes and offices. Step 4: Improve infrastructure To compete in a 21st-century economy, we also need to provide jobs that help construct a 21st-century infrastructure using 21st-century technology. The plan includes: Upgrading our crumbling roads and bridges Improving public transit and rail systems Modernizing the health-care system for long-term savings Funding biomedical, science, and engineering research And extending broadband services to underserved communities across the country. Step 5: Improve education Improve education to make America more competitive. To increase higher-education opportunities, college students will be eligible for a $2,500 tuition tax credit, $200 million will expand work-study programs, and the maximum Pell Grant – federal aid primarily for low-income students – will increase by $500. The package also provides more than $2 billion for early childhood development, and $13 billion in grants to ensure disadvantaged kids achieve high academic standards. Step 6: Unemployment benefits Help the unemployed, who are bearing the brunt of the economic crisis. Anyone who lost their job won’t have to pay income taxes on the first $2,400 of federal unemployment benefits, and government subsidies will make their health insurance more affordable. The package increases and extends unemployment benefits through 2009 and boosts food stamp benefits to offset rising food costs. Step 7: Tax relief Cut taxes and boost consumer confidence. The stimulus package includes $288 billion in tax cuts. In 2009 and 2010, President Obama’s signature 'Making Work Pay' tax cut will provide most individuals with $400 and most families with $800. Qualified retirees and disabled veterans will get a one-time $250 payment. These cuts ensure that working people pay less taxes, so they have more money to spend. Tip To help pump money into the economy over time, the 'Making Work Pay' tax credits won’t be distributed as a lump sum. Beginning in June, you’ll see an extra $13 in your weekly paycheck, and an extra $8 starting in January 2010. Step 8: Housing and auto credits Boost the housing and auto markets. To help buoy the housing market and stem foreclosures, the tax credit for first-time homebuyers will increase to $8,000. And if you purchase a new car, you can deduct the sales tax. These tax savings will translate into more people buying cars, which will help shore up the auto industry in addition to encouraging consumer spending. Step 9: Send money to states Help all 50 states. The economy can’t bounce back if states can’t balance their budgets, and if states suffer budget shortfalls, they can’t pay for essentials like public safety and other critical services, quality teachers, and school renovations. The package provides more than $50 billion for state services, plus an $87 billion increase in federal funding for Medicaid to states. Step 10: Work together Encourage optimism. We can’t expect the government to solve the financial crisis alone, or overnight. The private sector must contribute to job creation and economic growth. But the stimulus package is the first, critical step to getting our economy back on track. As President Obama said, 'We will turn this crisis into opportunity and emerge from our painful present into a brighter future.' Did You Know? You can find out more details of the stimulus plan, and even track how government money is being spent once the plan kicks
Views: 4490 Howcast
A new GAO report requested by Senator Coburn shows tax debtors received over $1.4 billion in mortgage assistance under President Obama's stimulus plan, the American Recovery and Reinvestment Act. Fox & Friends discuss...
Views: 217 Tom Coburn
Obama announced his action plan to revive the housing industry. The focus is to assist current home owners with there current mortgage, whether it is a refinance or loan modification. Also additional money will be used to purchase mortgage back securities to maintain mortgage rates in there current position. The plan has a deadline of March 4 but details still have not been announced.
Views: 1030 The Mortgage Reel
Abbot & Costello Explain Obama's Stimulus Plan For Workers :)
Views: 316046 ww2guy1945
Our economy is on the brink of a recession. President Ramaphosa hopes to stimulate the economy with a stimulus plan of about R43 billion which will come from existing budgetary resources and new investments. This plan is set to inform Finance Minister Nhlanhla Nene's mid-term budget policy statement in October. Dawie Roodt, Chief Economist at the Efficient Group joined us on the line with his perspective on the potential stimulus plan.x
Views: 113 Business Day TV
http://autorefinanceloanrate.org/ 2-3% refinance loan rate
Views: 17 BrownWilliam100
A top Republican called for more mortgage relief and additional tax cuts in President Barack Obama's massive economic stimulus package as Democrats conceded privately they will drop items that have drawn bipartisan criticism. (Feb. 2)
Views: 4354 Associated Press
http://www.davidamoya.com At 9am at night, I got home from the gym with a strong calling to "act now." So, that's exactly what I did. I pulled out my camera and requested that all of us act where ever we can. There's no better time to act than now. Are we going into another recession? Are we going for round two of recession? Whether we are or aren't make no difference to a lot of us because we sometimes feel helpless. However, if we are citizens of this great country and citizens of the world really, we have to act where ever we can. What has been better and even great during our country's economic struggle? Mortgage RATES! Knowing that you already know this, I want to collaborate with you in contributing to your community of choice. If you, a friend or family member refinance (or purchases) with me, I will donate $200 to the charity, non-profit, struggling business of your choice. As a Certified Mortgage Coach, I make a living helping people refinance and purchase their home. That being said, there is a... Great Window of Opportunity You may have heard that home loan rates have improved and are back down to near historic levels. In fact, I've been slammed with emails and phone calls from people just like you who wanted to take advantage of this wonderful situation. But you need to keep the following in mind... While some people say good things come to those who wait, others say to strike while the iron is hot. In this case, the "iron is hot" with rates at exceptionally low levels. And while weak economic reports here in the U.S. and the economic crisis in Europe are two of the main reasons rates have improved recently, signs of inflation are beginning to creep into our economy--and that never bodes well for home loan rates. That's why it's more important than ever to act now. It will only take a minute--give me a quick call so we can look at your situation. It doesn't cost anything to check it out, and the choice of moving forward will be up to you. Don't miss this window of opportunity to save significantly on your monthly budget. I look forward to hearing from you!
Views: 36 David A. Moya
Complete video at: http://fora.tv/2008/02/05/Joseph_Stiglitz_Economics_of_Information Nobel Prize-winning economist Joseph Stiglitz argues that increasing unemployment compensation should be a necessary first step for any national economic stimulus plan. ----- Nobel Prize-winning economist Joseph Stiglitz ("Globalization and Its Discontents") talks about his new concept of economics, "The Economics of Information," and his latest book, "Making Globalization Work" - Asia Society Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.
Views: 8005 FORA.tv
Senate Minority Leader Mitch McConnell tells John King: "I think the stimulus was a big mistake... We can fairly, safely declare it now a failure." Of Obama's first six months in office: "I think the administration's off on the wrong foot," McConnell says, adding: "The President is trying to do most of these things from the far left."
Views: 15478 PoliticsNewsPolitics
Hello, I'm Kristin Volk and welcome to a UPI White House Weekly. The economic stimulus legislation of nearly $790 billion is now law. President Obama signed the final version in Denver on Tuesday. The package includes working class tax cuts, infastructure spending, help for the poor and unemployed and investments in alternative energy. Obama said he would not pretend that the plan would turn the economy around, but said it marks the beginning of an end to the country's financial troubles. He also said the legislation will save or create 3.5 million jobs over the next two years. But, Republicans say it will fall short of creating the promised level of new jobs and is also full of pork-barrel spending. The White House says it will take about a month for the money to start flowing. Afghanistan may soon be seeing more American troops. President Obama ordered 17 thousand more soldiers and Marines to that country this week that's double the number of Americans there now. He described his decision as an urgent move to stabilize a deteriorating and neglected country. However, neighboring Kyrgzstan dealt a potential blow to the U.S. military efforts in Afghanistan today. That country voted to close the last remaining U.S. air base in Central Asia a base that's used frequently for troops and supplies heading into Afghanistan. Secretary of State Hillary Clinton responded saying that Kyrgstan's decision won't affect military efforts overseas. Obama introduced a government plan this week to rescue homeowners facing foreclosure. Obama said the $75 billion proposal would reportedly help as many as 9 million families to restructure or refinance their mortgages. Republicans are challenging the fairness of the plan, but the President said it would not rescue those who have been irresponsible with their mortgage or home purchase. The White House says more details will be released on March 4. Analysts say that as many as 10 million homeowners across the country could face foreclosure in the coming years. For more on these stories and all of the day's news, go to UPI.com. Thanks for watching.
Views: 468 UPIVideo
Is the stimulus large enough to offset the demand shock caused by the contraction in credit? Will it lead to inflation? Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/deflation-tutorial/v/deflation?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/inflation-tutorial/cap-util-inflation/v/inflation-deflation-capacity-utilization-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This tutorial starts with a very "micro" view of when firms decide to raise (or lower prices). It then jumps back to the macro view to discuss how capacity utilization can impact prices. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 79611 Khan Academy
(7 Feb 2009) SHOTLIST 1. GRAPHIC: (English) "Your weekly address - February 7, 2009 2. SOUNDBITE: (English) Barack Obama, US President: 3. GRAPHIC: (English) "www.whitehouse.gov" STORYLINE: With the Senate moving toward a tenuous compromise on the White House's economic stimulus plan, President Barack Obama hammered at the urgent need to pass a bill that will jump-start the struggling economy and put people back to work. "Americans across this country are struggling, and they are watching to see if we're equal to the task before us. Let's show them that we are. And let's do whatever it takes to keep the promise of America alive in our time," Obama said Saturday in his weekly radio and Internet address. Obama made an aggressive push for House and Senate lawmakers to work quickly to resolve their differences in an economic bill whose pricetag has swung from 720 (b) billion upward toward a (tr) trillion dollars. The new president had hoped to sign economic legislation on his first day in office, but instead has spent his first three weeks in office wrangling with a reluctant Congress, including fellow Democrats, to heed his leadership. He started his address by making reference to the loss of on estimated 3.6 (m) million jobs since the beginning of the recession but quickly spoke about the legislative victory he scored on Friday when Senate Democrats reached agreement with a small group of Republicans on an economic stimulus package. "Democrats and Republicans came together in the Senate and responded appropriately to the urgency this moment demands," said Obama. "The scale and scope of this plan is right. And the time for action is now." Democratic leaders expressed confidence the concessions they had made to Republicans and moderate Democrats to trim the measure had cleared the way for its passage. No final vote was expected before Monday. Officials put the cost of the stimulus bill at 827 (b) billion US dollars, including Obama's signature tax cut of up to one-thousand US dollars for working couples, even if they earn too little to pay income taxes. Also included are breaks for homebuyers and people buying new cars. Much of the new spending would be for victims of the recession, in the form of unemployment compensation, health care and food stamps. The agreement announced on Friday night capped a tense day of backroom negotiations in which Senate Majority Leader Harry Reid, joined by White House chief of staff Rahm Emanuel, sought to attract the support of enough Republicans to pass the measure. Democrats hold a 58-41 majority in the Senate, including two independents, but it takes 60 votes to pass the bill because it would raise the federal deficit. Earlier in the week Obama had ratcheted up the pressure on lawmakers as a new jobs report posted the worst results in a generation, 598-thousand positions lost in January and the US unemployment rate rising to 7.6 percent - the highest since September 1992. While the Democrats' majority in the House of Representatives allowed them to pass their 819 (b) billion US dollars version of the stimulus package even though they won no Republican support, Senate passage had proved far more difficult. If the plan passes in the Senate, both versions would have to be reconciled and more changes could still come. Obama and his advisers have grown more assertive in recent days, reminding Democrats that voters gave them the White House, the House and the Senate to bring change, not partisan gamesmanship. "That was, after all, what last November's election was all about." Republicans characterised Obama's rhetoric as arrogant. They have pushed for the bill to include more tax cuts and less spending. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/35408e9eacf4e4f2a0d33edef84cdd1d Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 377 AP Archive
Subscribe to our channel http://bit.ly/AJSubscribe US president-elect Barack Obama has outlined more details of a plan to fix the United States' faltering economy. If approved, it would be the largest investment in American infrastructure since the 1950s and would cover projects including health care, roads, and broadband communications. But the one thing Obama has not done is put a price on it. Rosiland Jordan reports. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
Views: 5340 Al Jazeera English
Cato Senior Fellow Daniel J. Mitchell debates Will Straw of the Center for American Progress on Obama's economic plan.
Views: 1468 The Cato Institute
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111--5), commonly referred to as the Stimulus or The Recovery Act, was an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama. To respond to the Great Recession, the primary objective for ARRA was to save and create jobs almost immediately. Secondary objectives were to provide temporary relief programs for those most impacted by the recession and invest in infrastructure, education, health, and renewable energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. The rationale for ARRA was from Keynesian macroeconomic theory, which argues that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration. Shortly after the law was passed, however, Keynesian economist and Nobel laureate Paul Krugman while supportive of the law, criticized the law for being too weak because it did not "even cover one third of the (spending) gap". Economists such as Martin Feldstein, Daron Acemoğlu, National Economic Council director Larry Summers, and Nobel Memorial Prize in Economic Sciences winners Joseph Stiglitz and Paul Krugman favored large economic stimulus to counter the economic downturn. While in favor of a stimulus package, Feldstein expressed concern over the act as written, saying it needed revision to address consumer spending and unemployment more directly. Just after the bill was enacted, Krugman wrote that the stimulus was too small to deal with the problem, adding, "And it's widely believed that political considerations led to a plan that was weaker and contains more tax cuts than it should have — that Mr. Obama compromised in advance in the hope of gaining broad bipartisan support." Conservative economist John Lott was more critical of the government spending. On January 28, 2009, a full-page advertisement with the names of approximately 200 economists who were against Obama's plan appeared in The New York Times and The Wall Street Journal. The economists denied the quoted statement by President Obama that there was "no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy". Instead, the signers believed that "to improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth." The funding for this advertisement came from the Cato Institute. On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term-growth path". This letter was signed by Nobel Memorial laureates Kenneth Arrow, Lawrence R. Klein, Eric Maskin, Daniel McFadden, Paul Samuelson and Robert Solow. The New York Times published projections from IHS Global Insight, Moody's.com, Economy.com and Macroeconomic Advisers that indicated that the economy may have been worse without the ARRA. http://en.wikipedia.org/wiki/Stimulus_Bill_of_2009 Image by Jürgen from Sandesneben, Germany (Flickr) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Views: 2821 The Film Archives
U.S. Rep. Bill Huizenga Bill Huizenga compares Trump infrastructure plan to Obama stimulus plan at his Grandville office on Monday, Nov. 21, 2016.
Views: 69 MLive
I discuss the Trump Stimulus package and how African Americans can take advantage. Patreon https://www.patreon.com/UncleHotep Listen to my Podcast and follow me on Twitter podcast https://soundcloud.com/handymayhem twitter https://twitter.com/handymayhem http://hotepnation.com/shop/ http://unclehotep.storenvy.com
Views: 1903 Handy Mayhem
The House has passed an $819 billion dollar stimulus package, marking one of the most expensive pieces of legislation ever to move through Congress. Not a single Republican voted for the bill. We speak to William Greider, National Affairs correspondent for The Nation magazine. http://www.democracynow.org/2009/1/29/economic_stimulus_moves_to_senate_following
Views: 2772 mediagrrl9
How did the passing of the largest stimulus package in U.S. history impact the economy. The package included a first time home buyers tax incentive of $8,000 which is non-repayable unless you sell your home within three years. A big plus from last years tax credit which had a repayment plan. Will the banks be nationalized, this is still up for debate. What is still very clear is that housing will not come to an end. There are still home being listed and sold on a daily basis, homes sold when rates were in the teens and will continue to sell as rates are below 5.00%, the question is if this is the right opportunity for you. There has been an additional $200 Billion lifeline for home mortgages which added to the current $500 billion, this will hope to stabilize these low rates through the end of this summer.
Views: 49 The Mortgage Reel
Cabinet ministers in Japan have approved a $275b stimulus package to help the economy. The measures include new government spending, cash payouts to low-income earners and various programmes to increase consumption. Al Jazeera’s Gerald Tan explains. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Views: 2130 Al Jazeera English