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The Recovery Act of 2009 gave 787 billion dollars for economic stimulus, this action by the government is a prime example of Keynesian economic theory as the government is bolstering economic growth and development while simultaneously reducing unemployment. It is recorded that 1.5 million private sector jobs have been saved and there has been six straight quarters of economic growth.

Interesting article about the recent stimulus package that the US government put into place. Discusses the Keynesian model, which says that government intervention is needed to get an economy back on track.

Japan's struggle to avert a nuclear disaster and prepare for a reconstruction of epic proportions is one more risk for a global economy already grappling with mounting risks. The threats to the fragile recovery were already rising before the devastating earthquake and tsunami brought the world's third-largest industrial economy to its knees. And they span the globe - from conflict and oil disruptions in the Middle East and rising inflation in China and other high-growth emerging economies to continuing debt woes in Europe and persistent weakness in U.S. housing and employment, whose recovery is essential to any sustained U.S. rebound. Adding to the wall of worry, governments have pulled the plug on massive stimulus programs, which played a crucial role in turning around economic fortunes in the wake of the 2008 financial meltdown and ensuing recession. Are these symptoms of an upcoming recession?

On the world stage, the debate over Keynesianism played out between the big powers during the world financial recession. Whilst the conservative British and German governments have been significantly reducing their government budgets, President Barack Obama has been priming the Keynesian pump by advocating much government "stimulus" spending. Obama's predecessor, George W. Bush, also spent federal cash in attempts to revive the economy...

This article explores how the business cycle affects unemployment. There is an unusually high unemployment rate in the U.S., and the way businesses operate tells a great deal about why this might be.