Friday, March 27, 2009
Steveb Assignment 8
Monday, March 23, 2009
Assignment # 8 rmiskelly
Harold Meyerson of the Washington Post concludes that it was "our own damn system" which "blew up." A more social capitalism seems needed to comb over this mess. In speaking to a conservative audience, Harold maintains that this a worldwide crisis.
Sunday, March 22, 2009
Assignment #8 R. Jefferson
Assignment #8 J. Norman
Meyerson says that the spending inObama's stimulus plan is not a socialist takeover. It is merely a way to invest more tax dollars into education, research, and development. If Obama is successful in accomplishing his goals we will have a more social capitalism. The capitalism of the past has not been rightfully regulated causing it to "blow itself up". Regulation is what is needed in Meyerson's opinion.
Assignment #8 J.Mikles
In his article entitled "It's not about socialism, it's about rescuing capitalism," he makes a sarcastic attempt to defend himself and fellow politicians who are in support of the stimulus package and against the way things were going in Washington. He goes on to explain that Obama didn't wanted to take such drastic steps toward socialism, it is just what he felt needed to be done to fix the problems in our capitalist system and that he only conspirators behind the movement are ourselves.
Saturday, March 21, 2009
Assignment #6 S.Lewis
It spoke on the warnings given by Bernake and described the loosey regulated systems of other country's as disasters. The large amount of cash inflows gave some countries a feel of wealth until all assets were lost and they were still looked to for their debt.
The argument that this article is making is that there should be more government regulation in countries. There should not be such wide open and loosely regulated economies.
Assignment #8 BTrigg
Friday, March 20, 2009
Assignment #8 Chris Tooley
I completely agree with Meyerson; unregulated capitalism has nearly destroyed our nation. The unemployment rate is growing and it is going to take the nationalization of big business to pull us out. The comparison of Obama and Roosevelt was a very wise choice of words for the article, its going to take a very special, hardworking, and compassionate president to pull us out of this crisis. I saw a lot of ego deflation in the article; Meyerson made it clear that no matter what party we identify with we need to deflate our ego's and accept what is going to work right now, and that is going to be socialist policies.
I feel when our leaders decide to put socialist policies in practice we need to be extra critical of them. It seems; especially in America, that we just sit back and let our leaders make our choices but as soon as socialist policies are in practice we will need to make sure our government is not exploiting/oppressing us with these policies. Its a great time for us to get out there and be actively involved in the policies that Washington is deciding upon.
Thursday, March 19, 2009
Assignment #8 M. Cline
I believe the writer was taunted into writing this article because of all the publicity, from our newspapers to our radio commentators, on our new “socialist “ society transforming into socialistic capitalism with our new President. In addition, I feel he is trying to redeem himself against all public opinions referring to him as having assisted in the capitalistic transformation of our country.
In my opinion, the writer is comparing the past and present political landscapes of socialization and capitalization. The course for the model socialistic party was charted in 1936-the Democratic party, supporters of capitalism. He is stating that we have been living in a deregulated capitalist society that has “blown itself up” due to the lack of governmental regulations and control. These issues have caused a global pandemic recession and it is our fault.
The writer is exerting sarcasm against the conservative parties that are against progressive reforms (which means a free ride for any one who wants it-unless you are a true born American). The conservatives are against the stimulus package, that Obama has devised, due to the way it is being injected into our system and the pork belly agendas that are planned for each and every dollar. The writer seems to be defending this issue.
In addition, he is stating that the government is working to have more control as to what goes on in our economy and probably our lives. The wolves are finally revealing themselves!
Tuesday, March 17, 2009
Assignment #6 J. Hancock
The reasons why we are going into these financial crisis is because our banks loaning money to other countries and are not selling enough of our American goods. If America cuts down on loaning other countries money and sale a little more of our goods then i believe we can make it through this crisis. I do not believe we are as bad as it was in the Great Depression in the 1920's but i do believe we are geting there. I hope that we can get out of this crisis and that the people in charge fo making all the decissions make the right ones because it will be bad for America if we have another Great Depression.
Assisnment #5 J. Hancock
George F. Will tells us the plan that Sen. Russ Feingold has and that McCain supports. Sen. Feingold wants to amend the 17th Amendment. The 17th Amendment says that the "Excutive Authority" of the affected state can issue writs of election to fill vacancies if a senate vacancie occurs. Fengold believes that the people should be able to vote for the senator to take the other senators place and not the person with the "Excutive Authority".
I agree with Sen. Feingold because the American people are supposed to vote for the senator of their state anyway. If something were to happen to the senator that is in the current position and some how has to leave the senate, the people should be able to vote another one in even though the other senator did not finish his/her term.
Monday, March 16, 2009
Assignment #6 JPernick
Years ago, we thought we had a financial crisis on our hands, but it turns out that today this situation is much more serious. The author says that foreign countries back then saved their money, but in this crisis that is probably not the best idea. Investments are going to need to be made to keep this global depression from getting any worse. Don't repeat mistakes from the past. If it didn't work, then try something that will. With the economy as bad as it already is, there is no room for mistakes and there is certainly not a lot of time to make these decisions. I just hope that the people in charge of making the decisions make the right ones toward a healthy economy. The only thing is we just have to ride it out and wait for better days....but who knows when that will happen.
Sunday, March 15, 2009
Assignment # 6 R.White
Assignment # 5 R.White
Feingold and McCain have a good point. If feingold could change the constitution it would help stop some of the corruption in the senate but not all of it. Another thing is would we even allow one man to change The constitution thats been holding this country together? I mean, he does make a point having the people vote who gets put into senate would stop alot of arguement because we put them in.
Assignment #4 R.White
One big problem for this to happen is for states and officials needing to decide what they will do with the money. There are many arguements between mayors and govenors because they are worried about who would get the most money. If you think about it there are a lot of things that each state needs help with like roads, buildings, bridges, education and medicaid. One state in particular thinks that President Obama's plan is a bad use of goverment policy and spending. I think if we could find a way to spend the money wisely and quickly, maybe we could end up fixing the economy a little.
This article's audeince of course is to the people of the U.S.A. who actually cares about whats going on in society. It was written to inform us how the stimulus plan could benefit us.
Monday, March 9, 2009
CMcCray Assignment #6
Sunday, March 8, 2009
Assignment #6 -D.HESS
Assignment #6 N.Orr
The arthur says that Ben Bernanke gave a speech four years ago that foreshadowed the bust to come. He states the cause stemmed from Asia and not America. It appears that this is not the first time we and other countries have been in a crisis, but now maybe the worst. We as a people have all contributed to the crisis, whether it's from wasteful spending, approving bad loans, or making risky business decisions that in the end affects everyone. And as the arthur stated we're still looking for the way out.
Assignment #6 H.Miller
As more people are of age to obtain a credit card, debt in America will continue to rise. This seems like a never ending cycle that hopefully our new President can fix. The outragious deficit that America has is very scarry because it feels as if another country owns the US. I hope this will end soon, but i am afraid it has only just begun.
Assignment #6 R. Jefferson
Saturday, March 7, 2009
Assignment #6 J. Norman
Assignment#6WHairr
Ben Bernanke, the Federal Reserve chairman. Krugman's beleives that the crisis was caused by countries saving their money, instead of investing it. Because the countries and business within those countries did not invest it lead to other countries not making money on their exports. Krugman also says that we are doing the same thing now, which is saving instead of investing, but we are doing it more.
Krugman's article and point of view makes sense to me. I can totally see why saving instead of spending would cause a world-wide economic crisis. Before I read this article, I really did not understand what caused the world-wide finacial fall. But, now I understand it a little better. I also understand why business and countries want to save now instead of spend. But, then if they do invest or spend money on different things then they would be left pennyless. So what should they do?
Friday, March 6, 2009
Assignment #6 M. Cline
The article was written as a comparison of the past “subprime lending crisis” (subprime borrowers… more likely not to pay the money back, such as those who have a history of not paying loans back, those with a recorded bankruptcy, or those with limited debt experience) to the present day economic downfall. It is directed to all audiences who are confused as to how we got into this situation. Who is responsible and how did this happen?
In my opinion, the writer is stating the reasons our Nation is in this crisis are due to the Asian markets, the U.S. lowering interest rates to increase capital, and citizens living beyond their means. Asia was a huge importer of capital, but after their economic crisis, they started hoarding huge amounts of foreign assets and exporting “cheap money” to any country who would take it. Namely, the U.S. because of the extent of our financial markets (creating an immense trade deficit) and greed. Still, the banking industry is to blame as well. The banking industry has loaned out more money than it has received. By withholding the true facts from the borrowers, especially in the mortgage industry, this empowered the banks even further to create a huge consumer-spending boom that most did not qualify for the financing. Therefore, placing the consumer in a financial crisis, even bankruptcy, for which the taxpayers have to pay back. In addition, greed dominated the consumer. Instead of saving money and paying cash or minimal financing for purchases, consumers financed items that they truly thought were going to increase in equity and put cash in their pockets, regardless of affordability. Credit was so easy to obtain and accessible. Paying it back is completely different story!
This crisis has caused a domino affect throughout the Nation. The world has held a false perception as to the increasing wealth in each and every country. Consumers have started saving more and spending wisely, but it is too late to accept responsibility for our past actions. The bubble has burst and this will affect future generations for many years to come.
Wednesday, March 4, 2009
Assignment #5 HMiller
this artical was written to inform the public, but only those who are strongly in to politics would give any interest to.
Tuesday, March 3, 2009
Assignment # 5 rmiskelly
A writer with the Washington Post, George Will discusses in his column Wisconsin Senator Russ Feingold’s disapproval of the 17th Amendment. This amendment says that when Senate vacancies occur the executive authority of the affected state shall issue writs of election to fill such vacancies to make temporary appointments until the people fill the vacancies by election as the legislature may direct. Feingold’s repeal reads “No person shall be a Senator from a State unless such person has been elected by the people thereof. When vacancies happen in the representation of any State in the Senate, the executive authority of such state shall issue writs of election to fill such vacancies.” He has said, of late, that he thinks some governors have wrongfully appointed people to U.S. Senate vacancies, an “immense” threat to the public well-being. His repeal to the 17th Amendment would make the Senate as “responsive to the people as possible.” The purpose of The Senate is to be deliberative, not responsive. The 17th Amendment serves to ground the Senate in the state legislatures giving states the power to resist administrative extensions of the federal government. The Framers (of The Constitution) gave the three political components of the federal government different electors to reinforce the principle of separation of powers. Feingold speaks to slander federalism and nudge the Senate from the functions our Forefathers intended.
George Will intends make evident to the American people the Senators intentions. His audience, I think, is a conservative base.
Assignment #5 JPernick
The author of this article wants to inform America that Senator Feingold wants to Amend the 17th Amendment that gives the executive authority of a state the right to pick a new senator to fill an unoccupied seat. He goes on to say that if this is done, then it would change the way our forefathers wanted this country to be. This is causing a lot of controversy.
So far I haven't personally seen the 17th Amendment effect me in a bad way. I think that it is fair to let the people choose, but honestly I think another senator would probably do a good job of picking out someone new to fill the seat. I would not know who would be best to put there, so i don't see the sense in changing the Amendment.
Monday, March 2, 2009
Assignment #5 cBurt
I believe that the vacant spot should be chosen by the people because it is our right. I do not agree with the fact that Senators should be able to pick their friends to fill a vacant seat, it's just not right.
Assignment #6 T.Sewell
Assignment #5 BTrigg
Will informs the reader of Senator Feingold's intentions along with those of Senator John McCain. Feingold seeks to amend a Seventeenth Amendment that empowers the executive authority of a state to provide a senator to fill an unexpected unoccupied seat. Will argues that this is against the intentions of the founders of our great nation. Election by the people is best for the nation and is what the nation stands for.
Will does not title this article with anything pertaining to senators, amendments, or elections, for this article is not written to only argue his view on the current situation but largely to argue what he feels is happening to the nations government as a whole, a "Continuing Fall of federalism."
Sunday, March 1, 2009
Assignment #5 D.HESS
Assignment #5
I believe the there should be no limitations on free speech. Government should have no right to step in and control our right to free speech. I believe it is oppresive, and is not what our country was founded on.
Assignment #5 N.Orr
The article is directed towards the American people. The basic argument is that Feingold is saying "no person shall be a Senator from a state unless such person has been elected by the people, and not give the executive authority the writs until the people fill the vacancies by election. After all, look at the Blagojevich-Burris situation. The question is if this amendment is allowed, what other fiasco may arise and call for an amendment.
Assignment 5 A. Brakefield
I believe if the government could put someone in power that can help the people then I am cool with the 17th amendment. I want to be involved with this decision but it sounds like no one wants a college student to be involved. One day we’ll change their minds.
Assignment#5 J.Mikles
Presently, the amendment says that if a Senate seat should become vacant, then the Senate has the rite to appoint whoever they choose. Feingold and McCain want the amendment to give the rite to choose to the people through an election. They believe that this will make the Senate more responsive than deliberate.
Due to the recent events in Senate surrounding this very Amendment, I see why Will would write such an article.
Assignment #5 (C.Williamson)
Feingold thinks that holding elections to replace the senators is necesary in order to make the enate as "responsive to the people" as possible. This article, along with a majority of them written by the Washington Post, is directed towards government active people. By us having the priviledge to vote, it is our responsibility to make these type of decisions. This problem is occuring with the Constitution in the State Senate.
I think that our Government can't always handle the pressure of making these tremendous decisions so they count on our opinion. So the basic argument would be...Should we let Feingold make "adjustments" to the Constitution.
Assignment #5 J. Norman
I feel that McCain and Feingold have a valid arguement. Popular vote would allow for less chance of corruption. Allowing the government to decide in the event of a vacancy does not allow the people of that state to determine a replacement of who they did choose. George Will, the author of the article, however, says if the 17th ammendment was repealed there would also be a reduction of risk of corruption since the state legislature would choose senators as the founding father's intended.
Assignment 5 S. Bunn
I personally don't like the idea. I think that the people should be able to vote for the person right off the bat when ever it happens. If the senate has that power they could but anyone in there they want and it could lead to a power shift. I also believe that it is a against what the country believes in. I hope they don't change Feingold also wanted to change freedom of speech. He is crazy that will never side in this country.
CMcCray Assignment #5
Assignment #5 R. Jefferson
Friday, February 27, 2009
Assignment#5WHairr
When the constitution was written it was meant for the government to hold each branch accountable. It was also written to give states more power than they have now. The people were supposed to elect representatives to represent them on a national and state level. Today, our government is quite the opposite. I am sure that when our Founding Fathers wrote the constitution they did not expect this type of outcome.
Assignment#5
Thursday, February 26, 2009
Assignment #5 M. Cline
I believe the article was written as response to the continued political corruption in our government & the disembowelment of our American Constitution. The writer is clearly upset and is addressing the American people in hopes of making us more conscious of the continuance of how our power is slowly diminishing into a socialistic society.
The writer seems to be stating that certain political parties are trying to govern the way they want to….without the American voters getting involved. They also want to rewrite Amendment 17 which is: the “legislature of the state may empower the executive to make temporary appointments until the people of the state elect their Senator through election when a vacancy occurs” and the First Amendment: “the right to freedom of religion, speech, or of the press; to protest peaceably, and to petition the government to rectify any wrong doing,” without interference or constraint by the government.
The “Framers” wrote The Constitution of the United States to protect the American citizens by dividing the powers between the government and the American people. They wanted to ensure the “balance of power” through “check and balances.” Apparently, Congress is not doing their share of diverting corrupt politicians and protecting the Constitution. The American people need to continue to contribute to the voting of electors and laws to reduce corrupt politics. I agree that the media can get out of control on their reporting, but sometimes they uncover conspiracies and report the truth. They also, at times, seem to be manipulated and controlled. If the government is to control the information reported from the media to the American people, we may never get the true facts. America is still home of the free and the Constitution should not be changed!
Assignment #5 TSewell
Wednesday, February 25, 2009
Assignment 5 JThomas
I do not believe the state should be allowed to have anymore power than they already have. It seems like the more power the state has the more they abuse it. The executive authoriy should not be allowed to appoint members of the Senate. They should be voted in and not just allowed to join because one member says. I believe its bad to throw away federalism also. We have trusted in the Constitution for hundreds of years and we should continue down that road.
Assignment 4 J Thomas
Senator Mark Sanford is opposing of the idea of creating all these new jobs because he believes that it is going to cost Americans $223,000 in tax money. It is very true that their are millions of Americans that have been laid off and are looking for jobs. The problem with Obama's plan is that in the long run tax payers will be spending large amounts of their money trying to pay for other people to work. The author is trying to argue this point that the plan is faltered because we can not afford to pay all this money. The other problem of who gets what money is simple. The larger the cities the more money they should receive. It will not make everyone happy but this is the fair way to do things.
Monday, February 23, 2009
Assignment#4 J.Mikles
I think that since her article was easy to read and related very well to our present economic situation, it would benefit the public to read it.
Assignment #4 S. Lewis
I beleive this article is directed towards the citizens and taxpayers. I believe Davey is trying to let people know that these dollars WILL be spent, but the taxpayers need to get involved, to make sure this money is spent well.
The Argument I got from this article is that some states may need it more than others, but we as taxpayers need to make sure that certain states do not use their political power to over power a plan that was push through to help the U.S.
Sunday, February 22, 2009
Assignment#4 JPernick
There are so many things that people are having to discuss with this plan because America needs to spend this money wisely. There are all kinds of projects that are waiting to be built but states are waiting on the money to get started. But which states get more money? Some states don't have room for more businesses or buildings, so they'll get less money. Is that fair? This is a huge debate that is causing a lot of uproar.
Some governors don't want the government's help but that does not seem fair to make that decision for the citizens of those states. Hopefully this will create jobs for the nation. The only thing is that it will be expensive to get all of that set up. Either way we all need to start spending our money wisely.
Assignment #4- D.HESS
Just like a kid who just got his allowance...its burning holes in their pockets. What do we do with it? Where do we spend it first? How can we spend it carefully, and wisely? Who do we allow to pick at it for help? All of these questions and many, many more are running through state officials heads. Some states have had that money earmarked for months, hoping and praying that they would recieve some help from Washington. On the other hand, some states are trying to blow off the Governments handouts.
Whether they want it, or not, fact of the matter is, that each state could sure use the money for infrastructure, which, in turn, could set jobs for those who have lost theirs. It could go to education, which we all know, without it, youre going no where. Healthcare, which if you havent noticed by now, doesnt come cheap like McDonalds dollar menu. A state cannot say that they "Don't Need" the money, because thats just plain stupid. Of course you need it, everyone could use a little here and there. Its just where you spend it that will make or break your economy.
Spend wisely, carefully, and make sure you think of the future when you do. That should be every States, main focus.
Assignment 4 Jamie Hancock
Ms. Davey talks about how there will be some chaos between the states because only a certain amount of money will given to each state. I believe that when South Carolina gets this money they should put it towards schools and for better education. This Stimulus package is also going to create jobs for many americans but it is going to cost taxpayers a lot of money to create or help pay the workers at these new jobs. I believe that should create jobs for people but not to much to where it will hurt the tax payers pockets to much. The money is also going to be going to building better roads, intersates, and buildings. I don't mind that the money goes to these things but i do not want it to effect our schools and medicaid. Think about it, if it was not for the education from the schools there would be no one to fill the positions at the new jobs so they need to destribute the money evenly to all needs of the states.
Assignment#4 K. Mikles
Assignment #4 R. Jefferson
Assignment #4 cBurt
Some states are worried that they will not get money for education because there are no deficits in their money pools. This is not fair because, even though they have done well thus far, there will be no more educational aid in these specific states.
CMcCray Assignment #4
Assignment #4 (H.Miller)
The Stimulus cash will be distributed to projects that already have a plan set out for them, those who do not will not see much if any of this money. i think that the light rail in Charlotte would benifit from this money but a plan is not set in stone for progress on it. States that are in more of a need for money towords projects will recieve this money over the states that are not in need of it.
Kwesley Assignment#4
Davey accounts how state and local government are in desperate need of monies for infrastructure, education,Medicaid, and vital services the public needs.Therefore, creating competition between the states for these necessary funds. The states with more of a budget deficit are probably more likely to receive funds from the federal government to make-up for their budget short fall. Leaving some states who are in somewhat a better condition not to be eligible to receive as much federal aid compared to the states that are suffering more. For example, North Carolina And Arkansas does not have an education budget deficit, so these states probably will not receive little to no funds compared to a states who are lacking funds in education. Undoubtedly,in the allocations of federal aid to the States and local governments some state or local government is going receive from their view the "short end of the stick". In conclusion, the funds in the stimulus package are enormous ,but not unlimited tough decision are going to have to made and it will not address every problem.
Assignment #4 BTrigg
In the article, she explains that along with the stimulus plan there will be much turmoil between state and local government officials. This turmoil will include participants from Governor's to Senators and all the way down to small town mayors. The turmoil will be a direct result from the intention that the money must be spent promptly. Different areas are more readily available to use the money than others. The article explains that if one area is instantly ready to spend money on projects that area is more likely to receive larger amounts of money than an area that may need months to prepare for the projects. Some areas will be changing the way they operate with intentions solely on gaining the most money from the stimulus that they can. Other areas plead the case that it is not fair that they will not receive as much money due to the fact that they are currently financially stable.
The article also touches on the topic of how large the stimulus is. It is claimed that the stimulus, if it were a nation, would be the 15th largest nation in the world. The reader is also informed that this stimulus is the largest since the time of Lyndon B. Johnson.
Assignment #4 J. Norman
Everyone wants to further different programs. Somehow we all have to come to an agreement on which programs are worth our spending. It seems this could be a difficult task according to the article. Also, there are over 1,000 pages in the bill that depict every law which makes it difficult for a program to move on. For example Tim Pawlenty, the governer of Minnessota, wishes to reduce the number of people who are eligible for state health care programs. But the bill penalizes states that change their medical eligibility to save money. Problems like these are involved with many programs trying to move forward in Obama's Stimulus Plan. I agree with Monica that it is sure to set off a vast number of political debates.
Assignment #4 C. Tooley
I believe the states with less should get more. It would not make sense to give more advanced states a greater sum of money. I believe the urban schools should get more money than the suburban schools as an act of equality. I believe the states with less alternative energy plans should get more money so they can create their own alternative energy programs. Equality should be the number one value in the distribution of the stimulus plan.
This is definately going to be a political war in the struggle for money. We can only hope our political leaders can make rational and helpful use with this money. May the states with less have more and the states with more have less; its only fair.
Assignment #4 N. Orr
I think the article was written to give us an idea of what each state plans to do with the stimulus cash they receive. In my opinion the basic point is that what ever plans the officals of each state have for the money they receive; they better make sure they fall under the guide lines of the package. Because if they don't that would jeopardize that state of future help from our government.
Sbunn Assignment 4
Some states have proposed to spend the money on interstate. Which in turn will create a lot of jobs for the their on state. In some states for example Rhode Island they are scared they might miss out of some of the money for alternate energy since they already had fewer resources to dedicate to that particular cause. South Carolina on the other hand is not going to receive any money because the Governor is a retard. He thinks that is will just cause more money to the tax payers but I think that the government is got to do something. Plus Obama already signed the bill so you might as well take some of the money. Our Governor just makes me mad.
Saturday, February 21, 2009
Assignment #4 JRozier
The audience of this article would probably be directed to anyone who worry what their states think of the stimulus package and what they might do with it. I think the author is presenting all this information for us to argue about. How should we spend the money? What people are in charge of saying where this bill goes to? Are events moving too fast? The state legislators need to slow down and actually look at their states problems and do the best they can to fix them.
Assignment#4WHairr
I did not realize how much fighting would go on between legislators during this process. I also did not realize how much money states could possible lose if they made a wrong choice. I think the stimulus plan is somewhat ridiculous. I understand why they are giving money to education, health systems, and to build things, like the fast speed train. Despite my understanding, I think there is a better way to Stimulate the economy. I do not believe giving money to the states, and then allowing the states to decide where the money is going is right. Do the states really know where to give the money to? Who caused the problem anyway? Was it not the government? Why should we let them mess up again? It is not fair to us to have to suffer from their mistakes. I guess time will only tell if the Stimulus Package will work or not.
Friday, February 20, 2009
Assignment #4 M. Cline
I believe the writer is stating that almost every authoritative figure running this country has their hand out, for a piece of the pie, and are concerned about who will have the most control and authority in dispersing the funds. Political power!
There are political contingencies as to who gets what, how much, and what are the consequences. The stimulus package, to be dispersed, will still have some congressional control. The states are required to track and report every dollar spent. The success of the stimulus package will depend upon how fast each state can spend it. In addition, this is also a deciding factor in who gets the most money. The purpose has a short-term range of immediately boosting the economy. Some states are concerned they will be penalized for not having a budget deficit or for not being as advanced in their energy renewable programs.
In addition, there are consequences to the American public in the repayment of these funds. There have been some refusals of the stimulus dollars, by authoritative figures, because of this factor. They want no part of it. There will be serious issues of how and when this large sum of money will be paid back, if ever. As usual…it has come down to spend it before we make it!
Thursday, February 19, 2009
Assignment # 4 RMiskelly
Assignment #4 T.Sewell
Monday, February 16, 2009
Assignment #3 JPernick
The author mentions two trade-offs that need to take place in order for this plan to go through. First he mentions the equity-efficiency trade-off. This basically means that it is the goal to spend 1 trillion dollars in order to boost the economy and create new jobs. This seems like a good idea, but many are questioning this because some think that the American people cannot afford to stay afloat. In these hard economic times, America might not be able to afford equity.
The author also mentions that we need to fix our infrastructure. An equal balance of money needs to be spent in order to create jobs, but money also needs to be spent elsewhere in order to keep the economy flowing. Some believe that putting money into new projects will not support the economy efficiently. Why build new projects when we need to fix so many ongoing problems already?
Either way, no matter what we do, we have a real problem on our hands. Would this stimulus really be enough to boost the economy, or would it just be a waste of 1 trillion dollars? this is going to take time and a lot of debating to decide what is best for the country. the best thing is to be aware of the current political events going on, so that we can be aware of what ever decision is made.
Assignment #3 R.White
Equity and efficiency, we want the stimulus package to increase the activity in the economy. We basiclly want our moneys worth. She states that economists think that the ability to ensure a stable recovery is dependent for the economy to last longer. Other people think that this is something we cant afford but we are already in such a huge debt it would make sense to have something to help decrease it right. Also people are worried that it wont be the right balance in the infrastructure to help support the economy.
Assingment #2 by R.White
Ms. Scoppe says that we need to continue spending to keep the economy moving. If we suddenly stopped spending we would be headed down the road toward another depression. She clearly gives her suggestion to help stop all of this. We need to "cut out pay raises in order to reduce layoffs" she said in her article. All through her article she gives suggestions by asking questions like "What if....". I know we need to solve this problem and fast. I just hope that our goverment comes up of a better way of doing things so our economy can become than it ever has.
Assignment #3 J. Norman
Sunday, February 15, 2009
Assignment # 3 RMiskelly
The column discusses the trade-offs rendered in the economical stimulus package abridged to the United States. The efficiency-equity trade off which implicates efficiently increasing aggregate economic activity versus dispersing the money fairly to all constituents. A second trade-off is the need to create balance between infrastructure and other activities that stimulate the economy. The debate is argued where to level these devises for maximal reward, but is unknown further dimensions to the problem. Madison Powers, a writer for CQ Politics, suggest what economists prescribe for spurring growth on developing nations to patch smaller leaks and rebuild our economic safety net rather than our accustomed big dreams.
Her audience is educated business minded individuals with interest in the economic future of our great nation. Directly to the troubles we all face, the article addresses the objective our leaders face in formulating an emergency plan.