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Economic Stimulus

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GAO: Obama's $787 Billion Stimulus Creating More Confusion than Jobs
Nov 19th, 2009 - Newsmax
WASHINGTON -- The government watchdog overseeing economic stimulus spending says the White House was too quick to take credit for saving or creating 640,000 jobs. The White House trumpeted job figures released last month...
Stimulus watchdog: Job creation data flawed
Nov 19th, 2009 - Times Online
The government watchdog overseeing economic stimulus spending says the White House was too quick to take credit for saving or creating 640,000 jobs. The White House trumpeted job figures released last month...
GAO finds fault with stimulus jobs data but touts transparency
Nov 20th, 2009 - Washington Post
Government auditors raised doubts Thursday about the number of jobs created or saved by the economic stimulus program, but they also said that mistakes reported in recent weeks signal the benefits of government transparency.
GAO calls for clearer guidance for reporting use of stimulus funds
Nov 18th, 2009 - Washington Post
A government audit set for release Thursday urges the Obama administration to provide further guidance on how recipients of economic stimulus dollars should report jobs created with the funding.
Accounting for stimulus jobs: Be careful what you wish for
Nov 17th, 2009 - Washington Post
Another day, another flurry of outrage over the jobs numbers claimed by the government for the administration's $787 billion economic stimulus program. House Appropriations Committee Chairman David R...

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In economics, fiscal policy is the use of government spending and revenue collection to influence the economy.

Fiscal policy can be contrasted with the other main type of economic policy, monetary policy, which attempts to stabilize the economy by controlling interest rates and the supply of money. The two main instruments of fiscal policy are government spending and taxation. Changes in the level and composition of taxation and government spending can impact on the following variables in the economy:

Aggregate demand and the level of economic activity;
The pattern of resource allocation;
The distribution of income.

Fiscal policy refers to the overall effect of the budget outcome on economic activity. The three possible stances of fiscal policy are neutral, expansionary and contractionary: