@ISIDEWITHQuestionseconomyStarted 11yrs agoActive 4mos ago

Should the government use economic stimulus to aid the country during times of recession?

Answer Overview

Response rates from 1.2k Turkey voters.

85%
Yes
15%
No
74%
Yes
13%
No
4%
Yes, but in the form of tax breaks for low income citizens
2%
No, and the government should drastically reduce spending during recessions
4%
Yes, but in the form of tax breaks for all citizens
1%
No, recession is a natural cycle that purges excess
1%
Yes, and collectivize all industry
1%
Yes, the government should intervene to boost a recovery
0%
Yes, but in the form of assisting sectors most heavily hit by the recession
0%
Yes, but in the form of increased spending on infrastructure

Historical Support

Trend of support over time for each answer from 1.2k Turkey voters.

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Historical Importance

Trend of how important this issue is for 1.2k Turkey voters.

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Other Popular Answers

Unique answers from Turkey voters whose views went beyond the provided options.

 @9ZZC3VXanswered…4mos4MO

Allow local community banks to lend for productive purposes and if people are struggling cut taxes

Latest News

Stay up-to-date on the most recent “Economic Stimulus” news articles, updated frequently.

  @lemans3427 from California submitted…1yr1Y

Commercial Real Estate Crisis Threatens Global Economy

Recent global events have sparked fears of a commercial real estate crisis in Europe, mirroring situations in Japan and the US. Notably, Deutsche Pfandbriefbank AG faces significant downturns due to the real estate market's weakness.The past week has witnessed significant downturns in the stock values of several banks worldwide, particularly those with substantial exposure to commercial property loans. Mirroring unsettling developments in Japan and the United States, Europe is now facing the prospect of an emerging commercial real estate crisis. Some senior officials at the European Central Bank say Germany will inevitably be a special focus as they examine CRE risks at banks across the region.“There is more pain to come in real estate valuations, so what does that mean for lenders and does that mean there is the potential for a crisis?”German banks have the most commercial real estate loans in the European Union, along with their French peers, but they have classified a relatively small portion of those loans as non-performing. Recently, however, that share has been rising while it declined in several other countries.“This is definitely not just a US problem,” said Valeriya Dinger, a professor of economics at Germany’s University of Osnabrueck. “I wouldn’t be surprised if we see a wave of loan loss provisions for German banks on their domestic commercial real estate exposure,” she said, even if there’s no systemic risk.German property values are particularly vulnerable to higher borrowing costs because capitalization rates — or the potential return on a real estate investment — were pushed lower there than in other markets during the cheap money era. That reflected in part the fact that yields on German government bonds, a benchmark for investors, were negative at the time.

 @ISIDEWITH submitted…1yr1Y

China Creates A Global Economic Shock

The first China shock came after a series of liberalizing reforms in China in the 1990s and its accession to the World Trade Organization in 2001. For U.S. consumers, this brought considerable benefits. One 2019 paper found that consumer prices in the U.S. for goods fell 2% for every extra percentage point of market share grabbed by Chinese imports, with the biggest benefits felt by people on low and middle incomes. But the China shock also piled pressure on domestic manufacturers. In 2016, Autor and other economists estimated that the U.S. lost more than two million jobs between 1999 and 2011 as a result of Chinese imports, as makers of furniture, toys and clothes buckled under the competition and workers in hollowed-out communities struggled to find new roles. A sequel of sorts appears to be under way. China’s economy expanded 5.2% last year, a subdued rate by its standards, and is expected to slow further as a drawn-out real-estate crunch crushes investment and consumers rein in spending. Capital Economics, a consulting firm, thinks annual growth will slow to around 2% by 2030. Beijing is seeking to engineer an economic turnaround by plowing money into factories, especially for semiconductors, aerospace, cars and renewable-energy equipment, and selling the resulting surplus abroad. Protectionism might shift some of the deflationary impact to other parts of the world, as Chinese exporters look for new markets in poorer countries. Those economies could see their own fledgling industries shrivel in the teeth of Chinese competition, much as the U.S. did in an earlier era.

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 @ISIDEWITH submitted…5mos5MO

Billion-Dollar Bust: Kamala’s Campaign Drowns in Debt After Star-Studded Spending Spree

Kamala Harris's campaign ended with at least $20 million in debt, per two sources familiar. Harris raised over $1 billion and had $118 million in the bank as of Oct. 16.Rob Flaherty, this staffer said, is currently shopping around the Kamala fundraising email list to anyone who wants it to try to raise the money back. This includes other campaigns and outside groups.Flaherty is the deputy campaign manager and reports to Jen O’Malley Dillon.“Jen blew through a billion dollars in a few months and it was all Jen’s idea to do all the concerts.” — Kamala campaign adviser told meThis source added that O’Malley Dillon did these “concerts,” like Katy Perry, Lizzo, Eminem, Bruce Springsteen et cetera at the expense of “prioritizing and spending money on social media and other campaign priorities.”Apparently a group in Georgia had to lay off 100 people because they couldn’t pay them. It’s unclear at this time if the campaign PAID the talent to perform but the cost of production for the events was “immense.”What’s more, this Kamala campaign staffer said several people who were working for the Kamala Harris for President campaign are still awaiting several overdue payments they were promised for their work. IE, they didn’t pay the staff.“People didn’t like working with her. Many people on the campaign felt like we lost because Kamala wasn’t allowed to run her campaign. They were running Joe Biden’s campaign instead of a Kamala campaign. Obnoxious and very much a gate keeper and interfering with the vice president’s people who were trying to do their job.”

▲  2611 replies

 @ISIDEWITH submitted…4mos4MO

Border Bombshell: 8 Million New Arrivals Under Biden

The immigration surge of the past few years has been the largest in U.S. history, surpassing the great immigration boom of the late 1800s and early 1900s, according to a New York Times analysis of government data.Annual net migration — the number of people coming to the country minus the number leaving — averaged 2.4 million people from 2021 to 2023, according to the Congressional Budget Office. Total net migration during the Biden administration is likely to exceed eight million people.That’s a faster pace of arrivals than during any other period on record, including the peak years of Ellis Island traffic, when millions of Europeans came to the United States. Even after taking into account today’s larger U.S. population, the recent surge is the most rapid since at least 1850.The numbers in the Times analysis include both legal and illegal immigration. About 60 percent of immigrants who have entered the country since 2021 have done so without legal authorization, according to a Goldman Sachs report based on government data.The combined increases of legal and illegal immigration have caused the share of the U.S. population born in another country to reach a new high, 15.2 percent in 2023, up from 13.6 percent in 2020. The previous high was 14.8 percent, in 1890.Several factors caused the surge, starting with President Biden’s welcoming immigration policy during his first three years in office. Offended by Donald J. Trump’s harsh policies — including the separation of families at the border — Mr. Biden and other Democrats promised a different approach. “We’re a nation that says, ‘If you want to flee, and you’re fleeing oppression, you should come,’” Mr. Biden said during his 2020 presidential campaign.After taking office, his administration loosened the rules on asylum and other immigration policies, making it easier for people to enter the United States. Some have received temporary legal status while their cases wend through backlogged immigration courts. Others have remained without legal permission.

▲  1512 replies