"The recession that has plaged the United States for the last few years is now over." I do not feel that is statement is valid. Maybe the experts have seen an incline is spending and a decline is prices. But President Obama just passed a stimulus package. That stimulus package is having people spend money and put that into our economy. But where did the money for the stimulus package come from? How are we supposed to truely be out of a ressesion if we keep borrowing money?
Even if we did not borrow the money from China, that means that we printed more money from the federal reserve. Which inturns means that the American dollar just lost more value. Also, what if the stimulus was just a temporary fix? The money that has been passed out to people is eventually going to run out. What will happen when that happens? I feel that we will just go deeper into the hole. We should cut government spending and do what needs to be done inorder to get the American dollar's value back and to not have to owe China so much money. Even if the recession is over, we are still 13 trillion dollars in debt. I caution us all to do what we can inorder to restore the Roaring America, that was alive during the Twenties.
Saturday, September 25, 2010
Friday, September 17, 2010
Why Jobs are Still Scarce after $800 billion Stimulus.
The stimulus plan that had set forward $800 billion for creating jobs was split so everyone could benifit from the plan. The tax payers are the people who have to pay for the $800 billion, so how it is spend should be let known. How many jobs were created, how much was spent for each job, and what were the jobs that were created. Los Angeles was given part of the stimulus, and only created 55 jobs, seven of these were private jobs, usuing 70 million dollars, and costing the tax payers 1.5 million per job. And the Department of Transportaion for Los Angeles only created nine jobs spending 40 million dollars, and costing tax payers 4.4 million per job.
I think that the taxpayers' money, our money, should be spent more wisely. The total share that Los Angeles had recieved from the Stimulus was 111 million dollars. This money only created 55 jobs. How can 111 million dollars only creat 55 jobs? If all of the people hired made 60,000 dollars a year that is only 3,300,000 dollars. That means 107.7 million dollars was wasted. Even if 100 jobs had been created, each person making 60,000 dollars a year would still be less than 111 million dollars. I think that who ever decided to spend the money the way they did should not be anywhere near the next lump of money if there ever is one. They clearly can not be trusted to do what is nessessary to provide jobs to those who need it. We must make sure that who ever is deciding what to do with our money should know exactly what they are doing or hold a vote of what to do with our money.
Monday, September 13, 2010
Economy
Many people are saying that we need to get out of debt. Many have good proposals to get out of our 13 billion dollar debt, although nobody is willing to listen to others' ideas. Some say tax the wealthy, others cut taxes to get people to spend more. Many say cut government spending, the only question to go along with this is where is government spending cut? In the school systems, government jobs? I have heard people blaming everything that is going wrong with our economy now on George Bush, I have heard Bill Clinton being the blame for this.
George Bush was delt a bad hand for when he was the President of the United States, it was not his fault that the attacks on the World Trade Center on 11 September 2001. The sudden plummit in the ammount of jobs in the United States I feel was largly due to the President before George Bush, Bill Clinton. Bill Clinton signed the Fair Trade Act, which allowed companies to go else where for production and labor. As soon as Clinton signed the Fair Trade Act jobs left the United States for cheeper labor so more of a profit could be made. If we bring jobs back to the United States we will not rely on forgien countries for all of our goods and we can once again be a self susstaining country.
George Bush was delt a bad hand for when he was the President of the United States, it was not his fault that the attacks on the World Trade Center on 11 September 2001. The sudden plummit in the ammount of jobs in the United States I feel was largly due to the President before George Bush, Bill Clinton. Bill Clinton signed the Fair Trade Act, which allowed companies to go else where for production and labor. As soon as Clinton signed the Fair Trade Act jobs left the United States for cheeper labor so more of a profit could be made. If we bring jobs back to the United States we will not rely on forgien countries for all of our goods and we can once again be a self susstaining country.
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