Agenda February 11 Finish Group Presentations from the Book Chapters Journal In Class Essay Please use your yellow packet of Econ notes Please use the notes you took from Monday Please use the Hoover and Roosevelt readings HW: Prepare for Book Club Friday Read Chapter 5 and 6 and complete Reading packet Due Thursday February 19 th

Journal Journal: IF the in class essay questions were the following-- Compare and Contrast Hoover and Roosevelt's Fiscal Policy and the impact each had on the Great Depression—What 3 things would you choose to discuss in a 5 paragraph essay?

In Class Essay Compare and Contrast Hoover and Roosevelt's Fiscal Policy and the impact each had on the Great Depression

Agenda Period 5 Important Definitions: Pork and Infrastructure Breaking Down the Current Stimulus Package

Pork Pork-barrel legislation refers to appropriations of public funds by Congress or other legislative bodies for pet projects that serve the interests local districts these legislators represent, rather than the interests of the larger population. Legislators vigorously promote such projects' funding because they will pump outside taxpayers' money and resources into the area they represent and is likely to earn political credit for the legislator that can be used to get re-elected by his/her constituents. Public works and agricultural subsides are often cited as examples of pork-barrel legislation. Other examples of such pork-barrel legislation include federal appropriations for dams, river and harbor improvements, bridge and highway construction, and job-training centers and Federal Appropriations designed to prevent closure of obsolete or unneeded military installations, prisons, VA hospitals and the like. What one legislator perceives as an important improvement for his district or state, another might view as an unfair distribution of federal funds. Those that use the term in a pejorative sense are critical of the fact that a specific project benefits only one district or region, and that similar benefits do not flow to other areas in the nation with similar needs. Criticism for pork barrel projects is often warranted because they fund programs that fail to meet national criteria, or are awarded without need first being demonstrated on a competitive basis. The term is derived from the practice of plantation owners who would often hand out rations of salt pork to their slaves, distributing them from wooden barrels.

Infrastructure Infrastructure can be defined as the basic physical and organizational structures needed for the operation of a society or enterprise. The term typically refers to the technical structures that support a society, such as roads, water supply, sewers, power grids, telecommunications, and so forth. Viewed functionally, infrastructure facilitates the production of goods and services; for example, roads enable the transport of raw materials to a factory, and also for the distribution of finished products to markets. In some contexts, the term may also include basic social services such as schools and hospitals

Breaking Down The Stimulus Package For your assigned section 1. Explain what the purpose is (why the crafters of the stimulus feel it is necessary) 2. Summarize the key points 3. Figure out the total cost 4. Point out any Pork 5. Explain the benefits (economic, social, environmental) When appropriate with economic please address supply and demand, GDP, and sound fiscal policy

Groups Create Jobs with Clean, Efficient, American Energy (Dillon’s Group) Transforming Our Economy with Science and Technology (Curtis’s Group) Modernize Roads, Bridges, Transit and Waterways (James's Group) Education for the 21 st Century and Save Public Sector Jobs and Protect Vital Services (Esther’s Group) Lower Healthcare Costs and Help Workers Hurt by the Economy (Shawn and Mickey’s Groups)