Stimulus Bill Political Communication
Political Communication during the Stimulus Bill Debate
In times of economic uncertainty and national emergency, the government has the capacity to make decisions that it believes will aid the country in its time of need. Such a time of need occurred in 2009 when the country continued to face an existence of dire economic circumstances involving national cash-flow and jobs. In order to set economic recovery into motion, President Obama called for the passing of the American Recovery and Reinvestment Act of 2009 (ARRA), otherwise regarded as the stimulus bill. While such a bill was considered pivotal by many government officials in order to get the country back on its feet, crucial differences in policy and bill structure could be viewed in assessing the opinions Democrats and Republicans brought to the floor in terms of the bill's passing. In understanding the basis of the bill itself, along with gauging the opinions of two noted leaders from each party, one can better assess the capacity of which political communication, the mass media, and public opinion have upon the passage of such bills, and more specifically the ARRA of 2009.
Bill Overview
As previously noted the American Recovery and Reinvestment Act of 2009 -- or the stimulus -- is an economic package enacted by the United States Congress in February of 2009 and signed into law by President Barack Obama on February 17, 2009. The bill was set in motion in order to combat the effects of the late-2000s recession. During this time, the United States suffered greatly from a severe and continuous economic problem that began in late 2007 and took a drastic and sharp downward turn in the fall of 2008. The economic landscape of the time saw unparalleled unemployment, drastic issues in the housing market, and an overall case of economic calamity. The stimulus bill was set into motion in order to both save and create jobs first and foremost. Second, the bill contained objectives to provide temporary relief programs for those impacted most by the recession and invest in infrastructure, education, health, and green energy (Bernstein and Romer, 2009, p.1). In the field of healthcare alone, the stimulus would launch significant funding for the research and coordination of policies and guidelines that would mandate health coverage and reimbursement for bills paid during the recession (Steinbrook, 2009, p. 1059). In the field of green technology, the ARRA would introduce spending and tax credits of $70 billion for clean-energy and transportation programs (Makower, Pernick and Wilder, 2009, p.18). The effects would be significant, and would aid more facets of the economy than the financial market.
The approximate cost of the stimulus package was labeled at $787 billion at the time of its passage, and it included direct spending in infrastructure, education, health, energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions (Calmes, 2009, p.1). The bill was found to hold a significant basis in monetary policy, nominal interest rates and the rule-of-thumb behavior that has long been attributed to the new Keynesian model (Cogan, Cwik and Taylor, 2010, p. 281). The rationale for the stimulus bill was based on the 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 (Espo, 2009, p.1).
Democratic Politician's Ideology and Arguments
Upon taking office in 2009, left reeling in the wake of the financial system's collapse, no Democrat was as pivotal in the passage of the stimulus bill as President Barack Obama. President Obama began his work toward a fiscal stimulus even before his swearing in, working side-by-side with many Democratic Congressional leaders in an effort to determine what the size and shape of his plan should be immediately upon taking his place within the White House.
His rationale was basic and direct: assist the American economy in a manner that wastes no further time in order to alter the situation he began his presidency dealing with. In pushing for the passage of his bill in public forums, Obama warned of dire and lasting consequences if Congress chose not to pump such unprecedented dollars into the economy, and his first speech post-election dealt solely with the mammoth spending proposal that was to follow (Obama, 2009, p.1). The passage of the stimulus would reverse the upward trend in inequality between the economy and the income scale, and Democrats heralded it as the savior the...
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