Fernando Torres Camiseta

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Just one day after the President’s address to Congress Jesus Gamez Camiseta , and to the nation regarding his much awaited jobs pkage, the stock exchange found itself losing hundreds of points. Though the stock market’s adverse response has more to do with the entire global economy, one can’t help but to assume the President Obama’s speech added to the poor trading session. And while many financial experts are split at the effect this jobs pkage will have on our economy, they all pretty much agree with the ft it is too little and far too late. In contrast to earlier recessions Saul Niguez Camiseta , our financial system is no longer solely within our control. As the countries of the world became more open, they also became more susceptible to the political failures that have arisen throughout the world. This is why the economic crisis in Greece, and other select European countries, has affected our economy and could pull down the entire world. Beyond the obvious political problems taking ple outside of our country Stefan Savic Camiseta , consumers allegedly are responsible for seventy percent of our nation’s economic growth. That is a rather large are of the economic output. Regrettably, what individuals are now consuming is generally made in a different country. This has substantially diminied the consumers influence on our own country since much of the money used on such goods simply goes to offore corporations and benefits the United States very little. Our national jobless rate, that sits at just over 9%, is pling more pressure on the national budget. The effect such high joblessness has on our country is profound in reducing tax revenue and is pling stress on already poorly funded ernment entitlement programs. Regrettably Gabi Camiseta , many economists anticipate high unemployment to persist for many years. And with high rates of unemployment, many households are experiencing with a lk of funds to pay for basic bills and have lost their employer paid health insurance policies. After viewing the President’s speech about his much touted jobs strategy, I was left feeling let down. Most of what the president proposed will not return America’s economy to the state it was previously in. What the President’s jobs pkage seems to be is a disguised effort to relieve the financial burden just long enough for the 2012 Presidential election. And the Republican’s response to the speech was more partisan then anything else. At the pe things are proceeding, most taxpayers probably sense that there is no room for promise. And even though promises could be made Jan Oblak Camiseta , just how useful would this jobs pkage be at helping individuals simply find a job? The course out of our financial crisis is rather obvious in my opinion. We need to bktrk our political missteps. We ould reverse the damage that regulations have pled on businesses. We need to end President Obama’s and Bu’s tax cuts. And finally, we absolutely must restore our economic autonomy through swift tion on our trade deficit by modifying trade agreements appropriately. Instead of enduring billions of dollars eh month in trade deficits, we need trade agreements that balance trade to make sure that all nations reap the benefits of trading an equivalent dollar amount of goods. If we fail to immediately undo the harm we’ve done to ourselves, our prolonged financial path downward is assured. This author regularly writes about ernment waste and how political failures influence the lives of everyday taxpayers.
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