The economy has been in a rough shape for a number of years. Many people have lost their jobs, their homes, their savings, and their confidence. Although the recession lasted for a while, the nation is going through a recovery mode. As the new senior economic advisor to the President of the United States, I need to recommend a plan of action to help curve inflation, unemployment, and economic instability. First, I have to take a look at what my colleagues recommend and take into account our monetary and fiscal policies.…
* There are differing views as to where the economy’s current stage in the business cycle is and as is common in politics, the speeches are always suited to the audience as and when required. However, the best way to judge the current stage is to take a specific trend that is always impacted during a peak or a recession. For the purposes of this example, we are taking the foreclosures in Tucson as an indicator of economic health for the common man.…
Today’s poor economy has caused many people to have lost their jobs, money, and homes.…
has been averted. The U.S. Senate overwhelmingly passed legislation to avert the so-called fiscal cliff on…
The economic recession that hit the US in 2008, left a lot of Americans with a bad taste in their mouths, including me. The way the government handled the situation was not overwhelmingly popular. Nevertheless, after doing quite a bit of reading, when one looks at the facts of how it all transpired, it appears like the facts…
I. Overview - The Emergency Economic Stabilization Act of 2008 (commonly called The Bailout Bill and The American Recovery and Reinvestment Plan of 2009 (commonly called The Stimulus Bill) involved massive amounts of taxpayer dollars into the faltering U.S. economy. However the level of bi-partisan support was drastically different. How did the 2008 and 2009 political environments lead to the vastly different levels of support for the “Bailout” and “Stimulus” Bills?…
The number of people in poverty in America has risen by 6.7 million. The number of people receiving food stamps rose by 44%. The amount of real household income is down by 5%. Furthermore, the amount of debt held by the public is up by 99%. Finally, the percent of American’s that own their own home is down by 2.5%.…
Sitting down in front of your computer surfing the web, using your smartphone or tablet to post to social media, or turning on your favorite streaming video service for a movie with lightning fast internet speeds has become second nature to most of the world. This, however, is not the case in some rural communities in America. This has been changing since the 2009 Recovery Act was passed into law. Rural communities have steadily been getting the opportunity to join the urban core and experience broadband speeds from their internet provider. Although the process of getting broadband internet into these communities is time-consuming and very costly the value of doing it is worth the price. This opportunity for the rural community to have consistent…
The National Recovery Administration (NRA) was established by Congress in June 1933. The goal of the NRA was for representatives of business, labor, and government to establish codes of fair practices that would set prices, production levels, minimum wages, and maximum hours within each industry. The NRA sought to establish the economy by ending overproduction, labor conflicts, and deflating prices. Businesses that participated and collaborated with the NRA were asked to display the Blue Eagle emblem outside their place of work. In September 1935 the Supreme Court declared the NRA unconstitutional, ruling that it was “an illegal delegation of legislative authority” and that the federal government was interfering with states’ authority.…
Obama first addressed the current period of time, reflecting back to the market crash, the origins of the nation, and other difficulties that tested the courage of our convictions. President Obama said that we are tested at this moment of time, one year after he took office. He said that the worst of the crisis is over, but there is still devastation and stressed that all Americans share the nation's difficulties and should work together to fix them. He finished the opening stanza of his speech by saying that he had never been more hopeful about America's future as he was at that moment. His second key point, after his seven minute motivational opening, was the economy, which he defined as his most urgent issue when he took office. He said that he hated the bank bailout but he said unemployment might be twice as bad if it did not take place. Economic growth was next on his speech agenda. Unemployment benefits have been extended…
The DREAM Act is bipartisan legislation that enables high-achieving young people – immigrants who have been raised here, have worked hard in school, and then pursue higher education or serve in the military – to achieve the American Dream.…
The biggest challenge that many American families are facing after the 2008 recession is managing a monthly budget adequately. The fact is that many families increased their debt by borrowing more than their allocated budget. Americans need to learn to live base on how much they earn. Our first reaction, when in debt, would be to make up excuses as to why we are in that situation. Some of us will even try to blame relatives or credit card companies when faced with excessive debt. It is families, who do not budget properly, that end up losing their homes and vehicles to banks or lenders (msn, 2009).…
A. Topic Statement: As the recession gets worse, and we take stock of our country's lost jobs, foreclosed homes and wiped out 401(k)s, many Americans are sorry that the loss of the American dream can be proven with statistics and data points.…
President Barack Obama 's stimulus package for the United States will be a successful effort in putting the American economy back on it 's feet because of it 's awareness of which programs were successful in the legislation utilized in Franklin D. Roosevelt’s “New Deal” and which were not In a time of economic crisis, Barack Obama has compiled a series of government programs that will give the economy a much needed shock. President Obama 's $819 billion stimulus package has already been referred to, many times, as the “new New Deal”. But this plan packs more punch than FDR 's…
We have now reached the stage in our society, where material goods have become a big influence and importance for us, especially in the Western capitalistic society. We are generally so focused on the material goods that we easily forget to carry about our family, but not least about the important life values. The recession is a great wake-up call, to get an opportunity to see things in a different way and a change disadvantageous behavior.…