Transcript dobson centennial

Brian Austin
Jake Howry
Sarah Lenau
Brian Murphy
 Growth is not as
fast as prior
recoveries
 The domestic
economy has
pulled out of the
recession, as
demonstrated by
consumption,
investment, and
exports/imports
 The labor market is improving but is still far from that of a
healthy economy
While GDP has improved during the present recovery,
growth has been substantially slower than that of prior
recessions
Annualized Rate of Business Investment From Prior Quarter
10.00%
0.00%
1Q 2009
-10.00%
2Q 2009
-20.00%
3Q 2009
-30.00%
4Q 2009
-40.00%
1Q 2010
-50.00%
• Deficit expanded 2.5% to $40.4
billion in March from the previous
month
• U.S. exports and imports both
increased at a respective 3.2% and
3.1 %
• Trade subtracted 0.61% from first
quarter GDP
 Core CPI up 0.9% from a year
ago
 At 44 year low
 Core PPI up 0.9% from a year
ago
 Core PCEPI up 1.4% from a
year ago
“It’s great that the stock market has
bounced back. But if you’re still looking
for a job, it’s still a downturn”
~ Barack Obama, May 12, 2010
Unemployment
U6 (Underemployment)
The labor market will not substantially improve by November
• Census hiring/firing
• Stimulus to be spent
• Discouraged workers
• Business confidence about recovery
• Housing
Speed
Cost to
Gov.
Past
Successes
Do
Nothing
----
++
----
Corporate
Tax Cut
--
--
++++
Tax Credit
for Hiring
++
-
----
Gov Work
Programs
++
----
Small
Business
Loans
+ indicate advantages
- indicates disadvantages
Volume of
Jobs
Created
Long
Term
Viability
Overall
------
++
++
+
-
---
++
++
--
+
+++
+++
++
++++++
“Small business lending conditions are much tighter
than they’ve been at any time in recent memory.
What we need to do is find a balance where the
banks are not so conservative and so restrictive that
they turn away borrowers who they can reasonably
expect to repay and to be creditworthy.”
~Chairman of the Federal Reserve, Ben Bernanke
•Cut the max corporate tax rate to 25%
•Increase funding to the Small Business
Lending Fund
•Expand access to small business loans
•Focus incentives on businesses following
the lean start-up model