Entreprenuership

According to the latest economic data the economic growth has weakened, unemployment is rising, credit crunch and sub primes hitting the liquidity in the market, blood bath on the Wall Street. Seeing all these, government is feared of a downturn or probably start of a recession in the economy. In December 2007 President Bush and Henry Paulson (the Treasury Secretary) unveiled a package of tax rebates to try to boost the economy. The fiscal stimulus package is estimated worth 'more than $150 billion in total. Individuals are expected to receive payment cheques from June- July. These cash outlays are expected to boost private consumption and accelerate overall demand levels for the economy. By seeing the size of the US economy this will be a small stimulus but it can have a multiplier effect. The immediate spends will increase the demand resulting into higher employment by the businesses. Higher employment will again stimulate higher private consumption, which in turn will