Despite the promise to cut debts by half, Federal debts has gone up by 52% reaching $16.2 trillion a thing unheard of in the US.
In the year 2007 US underwent the worst recession since the great depression that robbed that saw stocks hitting their bottom just before 2009. This changed after January 2009 when Dow Jones Average went up 70%, Standard & Poor 500 index went up 81 %, and NASDAQ complex index went up 119% (Jackson web). The levels of unemployment stood at 7.8% as they are as at September 2012. Although millions lost jobs immediately, Obama took oath the government has managed to pull the economy to the position of absorbing the same and providing extra jobs. Just before the recession, the level of unemployment had gone down to less that 5% only to rise in 2009 to as high as 10% (Jackson web). The poor state of the economy prevented the level from falling again and it took nearly two years to lower the level even by a small margin. However, the economy has slowly regained most of the lost jobs and predictions promise more jobs in the next coming months.
The level of unemployed Americans is 12.1 million, which is the lowest since January 2009. A drop from 8.1% to 7.8% before the elections gave Obama a positive boot to winning the elections just a month away (Jackson web). Although some sectors like manufacturing has lost many jobs and some critics use it to bring the government down and to prove that no progress has taken place at all. Some even suggest that the government have skewed numbers to aid Obama re-election into government. The bureau of statistics has come out to confirm that really some jobs have been created and that the economy is actually moving forward. However, several other indicators suggest otherwise and confirm a slow growth of the economy. For instance, the US treasury, note went up by a small percentage depicting that investors are now willing to shift their investments from bonds ...
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“A Journal Opinion Article Essay Example | Topics and Well Written Essays - 750 Words - 6”, n.d. https://studentshare.net/english/565468-a-journal-opinion-article.
Most Americans blame Obama government for not providing immediate solutions to the prevailing problems forgetting that he took over some of them from Bush government. For instance, the government in 2009 inherited a huge debt spread over by Bush government up year 2011 being money used to finance some of the most expensive wars undertaken by America.
For instance, the journal updates the readers on the current economic matters and trending business, politics and its drama among others. This article provides a thoughtful discussion on the trending economic issues like inflation and house prices, entrepreneurship ups and downs, and unemployment.
This was unprecedented because economist believed that the economy was doing a lot better and communicated the same message to the public. Some of the reasons for the lower gross domestic product could be weak business investment, decreased consumer spending, and the reduction of the overall export by the United States.
In addition, the worsening economic state of china could also be considered as a contributing factor for America’s emergence as the top investors’ destination. The undergoing financial recovery spear headed by the Obama’s administration could have motivated most of the confidence in United States by foreign investors.
It gives the “illusion” that the company is doing well, or profitable due to its high valuation but really, it is the same stock as before (with a lower price). The practice is not healthy to the economy but it is not illegal so many companies still use this “trick” for their stocks to be valued higher and have higher returns.
Of course everybody knows that ObamaCare is a health insurance sponsored by President Obama but many are still oblivious of what it is really about, why many politicians disagree about it and whether if it economically advantageous to Americans both as a country and individual.
In the past one month, the rand has depreciated 12% to the dollar; this has mainly been driven by the policies implemented by the FED that were rather unconventional, drastic and with far reaching effects. The policy, in which the
onsidering the launch of anti poverty campaigns by President Johnson and the calculation of Orshansky, a civil servant for determining the number of those people who are below the line of poverty. While the calculation is intriguing, it might seem to the rest of the world that
As a result, many readers have turned to this journal to identify job opportunities that are advertised in this journal on a weekly basis. Similarly, readers become aware of how different companies perform their duties and how the
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