reading comprehension section 7 Detailed Explanation And More Example

DIRECTIONS:

Read the following passage carefully and answer the questions given below it. Certain words in the passage are printed in bold to help you to locate them easily while answering some of the questions.

PASSAGE

John Maynard Keynes, the trendiest dead economist of this apocalyptic moment was the godfather of government stimulus. Keynes had the radical idea that throwing money at recessions through aggressive deficit spending would resuscitate flat-lined economies and he wasn't too particular about where the money was thrown. In the depths of the Depression, he suggested that the Treasury could fill old bottles with banknotes, bury them at suitable depths in disused coal mines then sit back and watch a money mining boom create jobs and it above would be better Barrack Obama throw money at the cur item a stimulus package it about $800 billion, plus the 350 billion chunk of the bailout we all really do see may Nissans now.

Just about expert agrees that pumping $ 1 into a moribund economy will p the ethereal goods and services re that Keynes called aggregate and stimulate at least some rattan activity, even if it is all tendon money pits. But Keynes was right that there would be more able ways to spend it. A trillion it's worth of bad ideas sprawl rig highways and bridges to no e, ethanol plants and pipelines accelerate global warming, tax for overleveraged McMahsidrters and burdensome new long federal entitlements would be than mere waste.

It would beer to buy every American an iPod,) Ginsu knives and 600 Subv$yngs would be smarter still to the money at things we need to which .is the goal of Obartias sing Arnericah Recovery and Recent Plan. It will include a mix of cuts, aid to beleaguered state a governments and spending rest needs ranging from food to computerized health records repairs to broadband net D energy efficiency retrofits, all d to save or create 3 million to in jobs by the end of 2010. has said speed is his top cause the faster Washington ash into the financial blood the better it stands to help multiyear slump with double employment and deflation. But v ants to use the stimulus to his long-term priorities reduce the use and carbon emissions, middle-class taxes, upgrading infrastructure, reining in e costs and eventually reduced get deficits that exploded large W. Bush. Obamas goal this crisis in the best sensed, to start pursuing his veneer, fairer, more compete sustainable economy was a megaton has demonstrated an impressive ability to spend money quickly, it has yet to prove that it can spend money wisely.

And the chum of a 1 with 12 zeros is already creating a feeding frenzy, for the ages. Lobbyists for shoe companies, zoos, catfish fanners, mall owners, airlines, public broadcasters, car dealers and everyone else who can afford their retainers are lining up for a piece of the stimulus. States that embarked on raucous spending and tax-cutting sprees when they were flush are begging for bailouts now that they're broke. And politicians are dusting off their unfunded mobster museums, watersides and other pet projects for rebranding as shovel ready infrastructure investments. As Obamas aides scramble to assemble something effective and transformative as well as politically achievable, they acknowledge the ten between his desires for speed and reform.