The sweeping law, which appropriates nearly $50 billion in funds for new government projects, was intended to jump-start the LR economy after it sank into malaise after a large decline in exports due to strained relations with other countries and turmoil in the UPBR last fall. A poor harvest and mediocre holiday shopping season compounded the problem, and the Lego Republic's economy – once the envy of the developed Lego world – slipped into recession.
Millie Brickman, chair of the economics department of Bricksburg University and a renowned expert in macroeconomics, said that the government's action will see more and more results as time passes.
"The government's aggressive expansionary fiscal policy will act as a catalyst to shift aggregate demand, which will end the temporary recession that began late last year. I predict that the economy will be operating at the natural rate of output by September if all goes well," testified Brickman.
The legislation also included a massive increase in the military budget, earmarked for research, development, and new projects. In response to inquiries from LR News reporters, military spokesfig Bob Plates responded with a statement, reprinted below.
"The stimulus package included funds necessary to the maintenance and development of a strong military. This is crucial to the security of the Lego Republic; every penny of this money will be used efficiently to keep our country safe."
Nevertheless, conservatives have been quick to criticize the law, which represents the largest government intrusion into the LR economy in many years, for adding considerably to the national debt. The Bricks administration budget for fiscal year 2016 runs a deficit. Many liberals are also criticizing the law for enriching corporations and not helping workers enough. The economy is a major issue in the upcoming parliamentary elections this September.
"The careless spending of Bricks and the Lib Dems in Parliament is unsustainable. The government keeps getting bigger and our debt is out of control," said Conservative MP Pauline Durham. "We need smart, sensible conservative solutions to get our economy working again and give every patriotic Lego Republican a good-paying job."
At the same time, the economy is in a delicate transition period as President Marie Bricks's diplomatic overtures since 2014 have greatly increased international trade. Domestic firms are facing more competition from abroad than ever before, and some have begun outsourcing jobs. Elizabeth Fancourt, leader of the newly formed Green Bricks Party, slammed the Bricks administration for its foreign policy.
"The failed Bricks foreign policy has led to a net loss in jobs here at home. Trade deals are a disaster, and the stimulus money is going to big corporations. Ordinary hardworking minifigs are losing their jobs, and the only beneficiaries are large companies and transnational corporations. Rich moneybags billionaires are only getting richer and income inequality continues to worsen. It is unfair that the top one percent of minifigs control the majority of wealth in this country. We need a political revolution," said Fancourt at a rally in Lac-de-l'Est.
In response, President Bricks's press secretary, in his daily briefing to the news media, gave the following statement: "it is clear that the stimulus has worked to get the LR economy working again. Minifigures are back to work, and the brick shortage is coming to an end. Anyone who continues to deny the positive effects of the President's decisive action are merely looking to score cheap political points."