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The recession led to a decline in German exports, but Germany had the capacity to replace some of the export demand with domestic stimulus. [21] The Germans were initially hesitant to pass a large stimulus bill; however, in 2009, the Germany passed a 50bn euro stimulus bill that focused on taxes, a child tax credit, and spending on ...
Electricity from mass transit was 0.2%; electricity for light passenger vehicles is counted in other sectors, but figures from the US Department of Energy estimate that 2.1 million electric vehicles used 6.1 TWh to travel 19 billion miles, indicating an average fuel efficiency of 3.1 miles per kWh. [95]
Though in 2007 some suggested that a subsidy shift would help to level the playing field and support growing energy sectors, namely solar power, wind power, and bio-fuels., [14] by 2017 those sources combined had yet to provide 10% of U.S. electricity, and intermittency forced utilities to remain reliant on oil, natural gas, and coal to meet ...
Government spending can be a useful economic policy tool for governments. Fiscal policy can be defined as the use of government spending and/or taxation as a mechanism to influence an economy. [5] [6] There are two types of fiscal policy: expansionary fiscal policy, and contractionary fiscal policy. Expansionary fiscal policy is an increase in ...
[91] Others argue that job losses always grow early in a recession and naturally slow down with or without government stimulus spending, and that the OFA chart was misleading. In the primary justification for the stimulus package, the Obama administration and Democratic proponents presented a graph in January 2009 showing the projected ...
Although tuition costs rose across the board during the Great Recession, the hardest-hit states increased their tuition costs more sharply due to higher budget cuts. For instance, Iowa, one of the ...
The U.S. federal government may be required to assist state governments further, as many U.S. states are facing budget shortfalls due to the 2008–2010 recession. The sharp decline in home prices has affected property tax revenue, while the decline in economic activity and consumer spending has led to a falloff in revenues from state sales ...
Utilities: There’s a steady demand for water, electricity, etc. — even in a recession. Stocks from companies that offer these services, like General Electric or Duke Energy, tend to do better ...