Global Issues start in America
Over the course of the past four years we have seen a rise in the cost of gas, food, healthcare, and a dramatic increase in our nation’s debt. In this paper I will touch on the economic condition of this country as well as the global impacts that have brought us to the sorry state that our country is now in.
First I will start off by talking about the stimulus package of 2009 that was intended to save the auto industry from going under. This stimulus package cost the American people more than $80 Billion dollars, which translates to $30,000 per automotive worker, which primarily went to the General Motors and Chrysler to float them through this dire economic time. This was intended to save both GM and Chrysler from bankruptcy which is did effectively, while also saving hundreds of thousands of jobs. What they don’t tell you is that the premature closing of many of their dealers actually led to the loss of more than 100,000 jobs as a direct result of this bailout. President Obama also claims on multiple occasions that the bailout has been fully repaid with interest but in all reality there is still some $25 Billon of the original $80 Billion that we will in all likelihood never get back. This has lead to a need to increase taxes as well as a jump in the cost of living due to inflation.
Food and gas are close to all time highs which came about as a result of the poor leadership and vision within the Obama administration. Oil production is at an all time high as new fields have been found within the United States yet the price has not been moved as a result. Why is this you may ask? It is because the government is no longer looking out for the best interest of the people, but instead is allowing prices to remain high because they in turn see an increase in tax revenue from each gallon of gas sold. Food is also the most expensive it has ever been due to the government stepping in to regulate clean and renewable fuels without thinking...