Many people still argue that the sheer size of our economy is to blame; I think that it was a combination of natural and manmade factors that were fueling and pushing California’s Energy Issues to become so big and devastating. Most of the energy issues that we are facing today existed for many years in the past. The recent energy crises that we had experienced in our state were mostly product of our bad planning and the greed of the corporations that were supplying energy to us. If we take a look at our environment closely, we will be forced to face one of the obvious facts; we don’t have nearly enough of natural resources to meet our energy demand. By looking at our domestic production of oil, natural gas and electricity it is very easy to notice that we have a huge gap between our supply and the demand.
We can see from history that our failing economy may take us back into another depression like the Great Depression of 1929. Council of Economic Advisers chairperson Christina Romer warns that “upcoming economic problems could be more severe than anything the country has faced over the past half century” (Pickler, 2008). If we fail to act now, history will repeat itself. The stimulus bill should save and create millions of jobs. The President believes “if we do not act swiftly and boldly .
During his time in Springfield, he passed the first major ethics reform in 25 years, cut taxes for working families, and expanded health care for children and their parents. Elected to the U.S. Senate in 2004, he reached across the aisle to pass the farthest-reaching lobbyist reform in a generation, lock up the world’s most dangerous weapons, and bring transparency to government by tracking federal spending online. Barack Obama as sworn in as president on January 20th, 2009. He took office in the middle of the worst economic crisis since the Great Depression, at a time when our economy was losing 800,000 jobs a month. He acted immediately to get our economy back on track.
Driving cars, heating buildings, producing electricity, people all need gas. Therefore, gas is directly related to people’s normal life and the global economy. Recently, the Middle East political and economic situation has been deteriorating which has led to the continuous hikes of gas prices. The oil price, the volatile situation in Libya and rumblings in Saudi Arabia are being blamed for spiking gas prices. The political turmoil sweeping across countries like Egypt, Libya, Bahrain, and Tunisia have resulted in rising oil and gasoline prices, increased inflation, devalued currencies, and diminishing stock values.
“It’s a matter of incentives and market failure.” With 741,000 U.S. jobs lost in January 2009—the biggest one-month drop in 59 years—along with U.S. market failures in housing, banking, and the automobile industry among other industries, President Obama had to take drastic action to try to revive the economy. In 2009, he got Congress to approve a $787 billion stimulus package, which is officially named the American Recovery and Reinvestment Act of 2009 (ARRA), to combat the deep recession at that time (which, by the way, was not his Administration's doing). Of course, ARRA had provisions for health care. Starting in 2011, providers deemed to be "meaningful users" of EHR systems are eligible for up to $44,000 over five years, and up to $63,750 over six years, in incentive payments paid in the form of increased Medicare and Medicaid premiums (Kropf, R. as cited in Kovner and Knickman, 2010, p. 335). Consequently, many health experts predict that the “meaningful use” will be a requirement to collect and report measurements that can be closely correlated with improved health.
There was a 27 day crisis when the Whitlam government couldn’t get its Supply bills passed and it was during this period that there was an escalation in un-employment and interest rates and this was all because of the governments’ big spending developments. With an escalation in un-employment it meant that the generation of jobs for everybody was finished. It was during this economic recession that profits collapsed and industrial disagreements intensified. House prices were similarly been raised and inflations were getting out of control as the government was on its second year of developments and new spending on health, urban development, education and the environment. As the government backed up big wage rises consumer prices rose and because since there was a global food shortage it pushed up food prices.
The author provides three pieces of backing to support each case of evidence that he brought to the table. The author explains how the home buyer’s tax credit is due to expire come May, at this time the market will be hit by a overflow of newly foreclosed homes. He also states that 2.4 million foreclosed homes are estimated to be added to the glut in 2010. This will drive prices down at least 10% and bring the average decline in the country to 40%,
Colton Scott 07.20.08 Eng101-2DND Essay 9 Gas Effects Everything Rising gas prices in America have had a substantial toll on how Americans live. In 1990 gas prices ranged at about a dollar and a half per gallon. Now, in 2008, gas prices range around four dollars a gallon. Many people complain that these rising gas prices effects how much they travel, but it effects more than that. Prices in gas have changed how much food cost since the transportation of these goods needs gas.
"And to my friends in the minority, I offer a commitment: openness. Once a tradition of this institution, but increasingly scarce in recent decades, will be the new standard." The video cuts to a Sept. 30 meeting of the House Rules Committee, hours before the first shutdown of the federal government in 17 years after Republicans insisted on undermining Obamacare in exchange for funding the government. It was later reported that Republicans quietly changed parliamentary rules to prevent any member of the House from bringing up for a vote the Senate's clean bill to fund the government -- thus all but assuring a shutdown. The video shows Slaughter repeatedly pressing Rules Committee Chairman Rep. Pete Sessions (R-Texas) in the meeting about the change from regular order.
It was hard enough with just a recession, but now banks are much stricter when it comes to lending. Surveys done show that 63 percent of companies with less than 100 employees are having trouble with credit, 12 percent had to lay off employees because of it, and 1 in 5 of 600 polled are at risk of going out of business in the next six months. In a brief interview with Mr. Paul Braungart III, entrepreneur and president of Regional Capital Group, a commercial real estate lender and investment company based in Marlton NJ, Mr. Braungart explained that the crisis has impacted values of property and the ability to buy and sell. Therefore, no one’s doing anything really, which paralyzes the market because everyone’s afraid to make any potentially risky moves. The commercial real estate market isn’t as bad off as the residential market, but it has a significant ripple effect on the mind state of the nation.