I. Introduction
The US is still trying to recover from the global economic crisis that began in 2007. Some of the recovery measures initiated by President Barrack Obama in his first term have improved the economy but at a slower rate than desired. The economy still suffers from a persistent liquidity trap. Lenders are unwilling lend while borrowers are reluctant to as for loans. The euro debt crisis coupled with the continuing global economic slowdown has affected overall economic growth for the US.
The economic stimulus plan approved by congress in 2011 will expire on the first of January in ...