@ISIDEWITHQuestionseconomy11yrs ago

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

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Answer Overview

Response rates from 1.9k Tokyo voters.

83%
Yes
17%
No
71%
Yes
15%
No
3%
Yes, but in the form of tax breaks for low income citizens
2%
No, recession is a natural cycle that purges excess
3%
Yes, the government should intervene to boost a recovery
1%
No, and the government should drastically reduce spending during recessions
2%
Yes, but in the form of tax breaks for all citizens
2%
Yes, but in the form of assisting sectors most heavily hit by the recession
1%
Yes, but in the form of increased spending on infrastructure
1%
Yes, and collectivize all industry

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Other Popular Answers

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

 @8Y636XSfrom Ibaraki  answered…3yrs3Y

Yes, but in the form of cash/coupon handouts to citizens, not corporations

Latest News

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  @lemans3427 from California submitted…12mos12MO

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…12mos12MO

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…2wks2W

Jon Stewart Begs Democrats To ‘Please Stop Trotting Out Chuck Schumer!'

Jon Stewart criticized Democrats for repeatedly using Chuck Schumer as their spokesperson against Trump, calling his performances ineffective and monotonous.Stewart mocked Schumer's response to Trump's trade war threats, particularly his simplistic explanation about Mexican imports like Corona beer and avocados.The former Daily Show host expressed frustration at Schumer's basic observation that "guacamole is made of avocados" as a response to complex trade policy issues.Stewart sarcastically highlighted the Democrats' poor strategic choice in selecting Schumer to counter Trump, whom he described as "one of the most savvy presidential media manipulators in history."The comedian ridiculed Schumer's appearance and presentation style, particularly mocking his use of reading glasses positioned low on his nose.Stewart's criticism centered on the Democratic leadership's judgment in repeatedly choosing an "uninteresting" and "monotone" spokesperson.The commentary addressed Trump's threats of tariffs against Canada and Mexico, though focused more on the Democratic response than the policy itself.Stewart used hyperbole to emphasize his point, stating that Schumer's speaking makes him "want to bomb Canada."The piece highlighted the perceived disconnect between Democratic messaging strategy and effective opposition to Trump's policies.Stewart's criticism suggested a broader frustration with Democratic leadership's media strategy and public presentation.

▲  4817 replies

 @ISIDEWITH submitted…1wk1W

Gavin Newsom Defends Immigrants With $25 Million

Governor Newsom signed legislation allocating $50 million total to protect California's policies from Trump administration challenges and defend immigrants facing deportation, split evenly between the state's DOJ and legal defense groups.The funding comes as California anticipates renewed conflicts with Trump's administration, following over 100 legal actions against his first term policies on issues including climate, water, and immigration.Assembly Speaker Robert Rivas justified the funding by characterizing the Trump administration as "out-of-control" and threatening to Californians' constitutional rights.The signing occurred just after Newsom's Washington visit to secure federal disaster aid for January's devastating Los Angeles wildfires, which claimed more than two dozen lives.California recently enacted a separate $2.5 billion fire relief package, with expectations of federal reimbursement for disaster response costs.Republican lawmakers criticized the legal defense funding as a political distraction from wildfire recovery efforts, with State Senate Minority Leader Brian Jones calling it a "slush fund."Critics raised concerns about the possibility of funds being used to defend immigrants with serious felony convictions, though Newsom indicated this wasn't the intended purpose.The legislation emerged from a special session Newsom called shortly after Trump's election in November, demonstrating California's proactive stance against anticipated federal challenges.During Trump's first term, California initiated more than 120 lawsuits against his administration, spending approximately $42 million on legal battles.Annual legal expenses fighting federal policies during Trump's first term ranged from $2 million to nearly $13 million per year.

▲  1120 replies