Many of Dr. Roy Spencer’s views I can see as very rational. His references of actual government actions better proves how the United States government tends to want to use money as a “magic pill” that will fix the cancerous economic state the country has been in for years. While I am sure that there are politician who are still concerned with the well being of the average American, Dr Spencer’s comments about the job security in politics ,without accountability for wrong doing, should open the eyes of every American that has allowed for this corruption to
401(K) has become ineffective because of the corruption of big business, the misunderstanding of and as a result a mishandling of the 401(K) accounts, and its correlating dependency on the market’s success. Making profit is important to people. Most of all, improving the bottom line is the primary objective for major companies. “For Robert Shively, learned that his employer, Occidental Petroleum Corporation, or also-known-as Oxy Pete,” wanted to forgo the guaranteed-employer pension plans for the less demanding 401(K) system where it is based on contributions from employee’s pay rather than from the employer’s profit. This forces the employee to save without any effort but, due to this, workers began to neglect the social security and entirely dropped the use of the original pension plan.
When President Barack Obama took office, he was faced with the grim reality that two of America’s largest car manufactures were near extinction. His administration responded to this reality by enacting a plan to circumvent this fate. Today, the administration’s course of action is still a contested topic, and many Americans continue to argue whether the auto bailout was in the best interest of America. The President recognized
Americans wanted to save that very exceptional and desired “American Dream,” and the Depression was keeping thousands of Americans from doing that. So, did Americans change their values and dreams to end the Depression, or did they still want that sweet taste of their very own American Dream? Americans saw capitalism as a safe haven for this dream and with the end of the Depression, opportunities would come knocking. Roosevelt’s New Deal had attempted to save capitalism and essentially failed in the big picture, so was capitalism saving the American Dream, or was welfare state? Ultimately, Roosevelt changed the relationship between the capitalist market and the
The title of a brilliant book was widely misinterpreted, and the familiar America began to call itself “the affluent society”. There was introspection about Madison Avenue and tail fins; there was discussion of the emotional suffering taking place in the suburbs. In all this, there was an implicit assumption that the basic grinding economic problems had been solved in the United States. In this theory the nation’s problems were no longer a matter of basic human needs, of food, shelter, and clothing. Now they were seen as qualitative, a question of learning to live decently amid
According to this view, the root cause of the Great Depression was a global over-investment in heavy industry capacity compared to wages and earnings from independent businesses, such as farms. The solution was the government must pump money into consumers' pockets. That is, it must redistribute purchasing power, maintain the industrial base, but re-inflate prices and wages to force as much of the inflationary increase in purchasing power into consumer spending. The economy was overbuilt, and new factories were not needed. The common view among economic historians is that the Great Depression ended with the advent of World War II.
Perhaps one of the biggest flaws in the U.S. immigration policies over the past two centuries has been the fact that it is expensive to enforce immigration laws. Those coming to America have become aware of this issue and used it to their advantage. After all, cheap labor was initially popular with the slave trade when America was first being colonized. As a new nation, the lack of white indentured servants willing to work on plantations caused an array of problems in regards to building up the promising new territory. Thus, forced labor
As time progresses, we notice that monetary value has become a main concept in American societies. But should money be the center of our lives? Americans’ admiration for wealth has locked them in a closet of luxury and, as a result, blinded them from their morals and other values in life. In his book, Money and Class in America, Lewis Lapham states that Americans are driven by money and envision it as “the currency of the soul.” Unfortunately, we Americans do validate Lapham's statement by allowing our money to show our success and happiness, therefore granting the rights to show out ignorance. Because of our love for monetary means, Americans tend to flaunt their wealth to quite an extreme, which further proves that we have been “deflected by the pursuit of money,” according to
Gatsby: Did He Work Towards the Right Goals? “Simple, genuine goodness is the best capital to found the business of this life upon. It lasts when fame and money fail, and is the only riches we can take out of this world with us.” ― Louisa May Alcott, Little Men. This quote begs the question of why Daisy Buchannan’s love wasn’t enough for Jay Gatsby. In F. Scott Fitzgerald’s novel, The Great Gatsby, Fitzgerald connects his characters to how American business works and makes his readers question what they find important.
But not even President Obama’s $33 billion tax credit was not enough to substantially increase jobs in the market. To the contrary, it has gotten more difficult and complicated to keep the job market growing at a satisfactory pace. King claims ”If the Great Recession has taught us anything, it is that planning for the future by saving more and enacting policies that sustain economic growth are what will keep the American Dream alive.” Many economists believe that rather than having the resources divided among different competing groups, individuals should be giving unregulated economic freedom to selfishly improve their lot and eventually their efforts would trickle down to the rest of society. Though this thought actually worked for America for many decades, the global markets no dictate what control we have over the