I currently witness a problem with the high unemployment rate in America. Considering we were on the brink of a worldwide depression I believe the government did the right thing with invoking "quantitative easing", QE1 and QE2, as well as saving the banking and automotive industry. As it turns out the government made a profit on their returned investments. That in and of itself saved millions of jobs. With out the recovery initiatives we would be in a much greater hole.
But now the focus needs to be on the government supporting or getting out of the way of businesses so they can generate jobs and grow the economy. Be that with tax breaks, business friendly laws, grants, or other assistance.
Americans need and what to get back to work and the government, "by the people for the people", need to make every reasonable effort possible to promote that effort.
Check out what other students and professors have to say about the subject in this short video clip.
http://economics.about.com/od/howtheuseconomyworks/a/government.htm
The economy has been in significant decline over the last 10 years contributing to the unemployment rate. I don't pretend to know anything about the economy but I think that investing in education would be a huge benefit and would have a great return in decreasing unemployment. Also political influence is sometimes detrimental, when decisions appear to be effective but end up hurting the economy.
ReplyDeleteYou both make very good points. Greg, I do believe that the government should have bailed out the banks and automotive companies. The majority of those people with new cars and debts were getting the short end of the stick. Meaning getting laid off, having to put money in other crazy places like gas. The government created the money issue and we should not have to pay for all of their mistakes. Snavely, education would be a good area to invest in. I personally believe that college should be free for every semester a child stays above and 3.0. It gives opportunities for everyone to benefit from their own success.
ReplyDeleteHamelmal says,
ReplyDeleteHey Craig, you reminded me of Dr. Kofi Amoah, who said “Ghana needs a businessman president”. Do you think the U.S needs Donald Trump, who is a businessman?. I think if he becomes a president, he will sell the U.S to China. You have a good point.