A Council of Economic Advisers post on January 15, 2010
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A Council of Economic Advisers post on January 15, 2010

A Council of Economic Advisers post on January 15, 2010, stated that “The American Recovery and Reinvestment Act [...] was the boldest countercyclical fiscal action in American history. [...] the Administration is committed to taking every responsible measure to spur job creation.” Comment on the characteristics of the Obama administration’s economic policy. Is it an activist or nonactivist policy?

Hint
Accounts & FinanceObama administration’s economic policy was characterized by a decrease in income inequality, a moderate tax increase on higher-income Americans, a reduction of the federal budget deficit, and a designed to fund the health care reform. His policies help set the economy on a path to steady and removed it out of a frightening slump....

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