As his inauguration approached, President elect Obama faced enormous government deficits, a costly bailout, and a monetary sector collapse. With joblessness increasing, interest rates near zero, and the market in recession, Obama needed to determine whether, and how much, to use fiscal stimulus to resuscitate the economy.
To help students comprehend Obama's options, the case reviews both the recent tax cuts under President George W. Bush, including the supply-side and demand-management justification given for them, and the broad history of fiscal policy in the United States. Educators may additionally obtain a Teaching Note, written by the writer of this case, that provides suggestions for using this case efficiently in the classroom.
PUBLICATION DATE: January 09, 2009 PRODUCT #: 709037-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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