Comment on Middle East

I agree that the government should withdraw out of the middle east. The war did seem necessary at the beginning because of 9/11, but they have been low results from the operation in Iraq and has cost many American soldiers lives. The war has also put the brakes on the economy and this has upset the whole country because the government has to either tax or borrow to supply the funds for these operations. I believe it is time to withdraw the troops so this country can deal with some internal problems.

Views of the American Economy

The Economy in this country is currently declining and the Obama administration is planning ways to save America's industries, corporations, and most importantly to save jobs. Some Americans believe that the economy is best regulated with production and buying back the output. This view basically means that the economy is better without government assistant or at least limited government assistance. There is also a majority of people who believe that the economy can remain below the equilibrium for year after year and that government intervention is necessary. The new administration obviously believes in this theory known as the keynesian theory and not the classical theory that believes in lassiez-faire and says the economy will boost itself back to normal. The new administation has bailed out several businesses including some of the auto industry and has introduced the stimulus package to help boost the economy to help pump money in the system and to create jobs. During this time when Americans are losing jobs and unemployment is above the natural rate the Obama administration's strategies deem necessary. This is where political parties have different views on how the economy works because republicans generally tend to believe that the classic view is more appropriate and democrats believe in the keynesian theory. For example, the governor of Texas, Rick Perry, rejected a large majority of the stimulus package for the state because the federal government apparently wanted to control how business is conducted. There was also another governor who rejected the money claiming that America is currently in debt and the government should refrain from spending money that could send the country further into debt. I believe that the administration should help the economy with necessary means to help Americans that are suffering. When Americans are in debt and unemployed people should not have to rely on the economy to equalize and stay on an even keel. If the government can intervene and boost the economy then I believe that it is important so the country can have full employment and save industries that are very important. This country can no longer afford to lose companies that manufacture goods and create jobs. The auto industry was a major bail out performed by the administration and Obama created a team to help GM and Chrysler so America does not lose these companies. I think that the government should help if necessary so Americans remain successful and our country remains successful. If our country lost a majority of industries and major manufacturing companies then America will only become a service nation. If we became only a service nation then America would have to rely on other countries for imported products. I believe the administration should focus on saving American industries or this country could easily become a second rate power. This problem is already occuring and I believe that America needs to keep alive the manufacturing abilities that already exist. I am content with the administration saving businesses, but the government should restrict themselves from controlling companies and corporations so these businesses keep jobs here in America and not out of the nations borders.
The fact of the matter is that the new Obama Administration has generated a massive government spending tactic and at some point it has to stop. Government spending does help boost the economy and is most likely necessary, but if the country would like to pull out of the recession then government spending and taxes should be at least lowered. Government spending costs money and printing money should never be considered because too much printing of currency could raise risk of inflation. Theory of economics states that if government spending and taxes are lowered then consumption and investment will usually rise causing production and buying of goods. If investment started to rise then the U.S. market would start inclining and stocks would definetley rise due to businesess and private enterprises buying into businesses at a larger rate than we have seen in the past year. This is simple to understand and I hope the government considers declining expenditures very soon. If the government would start paying the country's debt and lowering taxes so consumers would spend more then the economy could possibly shift towards full-employment. The manufacturing, productions, and exports need to rise and cutting expenditures is the answer because people have to spend and businesses have to invest for the market to work and trade. If the production would rise then jobs would be needed for businesses to perform tasks and the economy would shift to full-employment and GDP would rise due to increasing output. This is very possible and if these actions are carried out then the country would see a stronger economy.

Banking executives meet with president

The U.S. top banking executives meet with Obama to discuss their banks financial situation. Obama seemed critical to the executives and wall street according to the Wall Street Journal. The executives admit they made mistakes by lending out excessive amounts of funds and require to much compensation. The executives did want a clear answer from the new administration as to how the government plans to deal with the shortage of cash. The banks have already recieved stimulus money from the government and JP Morgan approximatley owes twenty-five billion. The executives did say they would reimburse the government if they supported the banks and would pay a majority, if not all the funds, back to the government by the end of the year. The author of this article is correct in the fact that the public should be aware of these meetings with banking officials and the Obama administration. I believe the audience here is the residents of the United States, especially to any person who conducts business with these financial institutions. The author did not seem bias to the President or the banking executives the article just narrowed on the behavoir of the executives and Obama. The author stated that Obama was hesitant to grant money to the banks so they could keep a steady amoun t of income that they have been recieving. The executives stated that the past is already finished and they would like to focus on the future instead of applying accusations. I believe that the author was trying to inform the public on this meeting and the status of our government and banking system. The public does indeed have a right to know the content of these meetings to be informed that the government and our nations banking system is conducting business in a proper manner.

War in Iraq

The war in Iraq has been active ever since the Bush administration and now that Obama has won the presidency the new administration is hoping to end the war. The war has made no accomplishments since the citizens of Iraq in no way defend themselves or take control of a democracy. The author that wrote this article is writing that Obama promised the American people that he would end the war in Iraq. Now that the time has come the new administration plans to keep that promise although there will be zero accomplishments from starting the war in the beginning. The author does a great job when explaining that the war in Iraq was a much more drawn out problem then anyone anticipated. He explains how former President Bush said the war was accomplished and all tasks were achieved in the year 2003. This address that George Bush made was far from the truth because even though Obama is going to withdraw troops it will not happen until 2011 by a set deadline. President Obama will still have to leave a number of troops in Iraq to finish the job. These troops will have to stay to help with efforts against terrorism and freedom. The author explains how this was never an action that any person who became president would be able to accomplish with sudden action. I think the author did a particularly unbiased approach to both administrations and the writer seems to explain that Obama is planning to finish the war In Iraq but finish in a way that has some sense of accomplishment. The author probably agrees with Obama because he has reasonable deadlines and does not just tell Americans that we have accomplished our mission in the war. I think the author wrote an interesting article and most likely an article that most of the country is concerned with at this place in time because this war has been too long. I think he took an unbiased approach but usually all news writers have some bias writing in their nature.

Economic Stimulus

The United States legislature passed the Economic Stimulus Bill the plan that consists of putting seven hundred and eighty seven billion dollars into the American economy. The only way for the bill to be passed is if three Republican Senators vote to approve the plan. The Senate is very much relying on the Senators to have the bill passed because they are sure the plan will boost the economy. The plan includes funds to boost the economy and a way to create more jobs for Americans. President Bush had created a similar plan for the economy although his plan was a third of the size as this new package. President Obama states this plan will create three and a half million jobs for workers. This new plan is like Franklin D. Roosevelt's New Deal during the Great Depression but has been much more revised with no or very few errors. The Stimulus is going to create taxes but middle-class Americans should be safe and the taxes are intended for the very wealthy citizens in this country. The Republicans are weary of the plan because of the great rush that was put into preparing the bill. The Republicans are also stating that the bill could raise taxes because we are spending a great deal of money and the government has already helped banks and the auto industry.
This article is very interesting to read if you want to be kept up to date on the economy and what our government is doing to help the situation. If you get a chance look at the article in the Wall Street Journal.

The Economy of America

The American economy is in crisis and the president and legislators are at work trying to accomplish a long term solution. How will the government save the economy and how will Americans trust the market with all the corruption.