Americans Are Frustrated With Today's Economy

Furthermore, the equality of opportunities as one of the foundations of the American dream turned into evident inequality. “The lion’s share of economic growth in American over the past thirty years has gone to a small, wealthy minority, to such an extent that it’s unclear whether the typical family has benefited at all from technological progress and the rising productivity it brings” (Krugman 586). Income inequality has been steadily growing since 2008 when the global financial crisis erupted. Moreover, the gap in prosperity between the group of Americans with high income and all the others had never been such extreme as it is now. Thus, not everyone has the opportunity to become wealthy through hard work. The increase in socioeconomic inequalities,

Many citizens, most of them conservatives, have questioned the economic recovery, but evidences have dismissed their arguments. President Obama pointed out that “we do have real, tangible evidences of our progress;” for example, we have created “10.9 million new jobs”

According to the presidential address by President Obama, the founders of the great nation rejoiced on the fact that America will be a country where hard work will be paid off and where responsibility will be rewarded. America will be a country where anyone can make it if they tried no matter what background; however, this address is countered by the idea that the vicious circle of income inequality is growing. This means that the proportion of the citizens that never actually make it up to the wealthy ladder and have to remain in rags will continue to grow.

In this essay I will demonstrate how Barack Obama used these five emotional fallacies; bandwagon, Confidence, repetition, the command and the manufactured problem, to persuade his audience in the speech about “Jobs” also known as the “American Job Act”. I will summarize his main idea, pin point the audience that he will be targeting, then I will layout the foundations of this speech along with the arguments he used to benefit this bill.

After watching the video Wealth Inequality in America (2012) and reading the article Apple’s Retail Army, Long on Loyalty but short on Pay by David Segal (2012), I started reflecting on how blind we have become to the conception of America’s growing economy. While the social stratification is an ideal ladder, for the poor to middle classes to seek for economical growth to reach the top, the wealth class. There’s a misconception on how corporations are helping society’s economic growth. While growing in value for its shareholders, corporations are rising inequality among the workplace. The reality of an uneven economy is notorious for the poor, yet its magnitude is not imaginable by many. President Barack Obama has tried to address this issue with a proposal of raising

In the 2013 State of the Union speech, President Barack Obama explained his perception of the country as it is currently working. The President states that he believes all is well in the country. All of the problems which have faced the country over the last few years, particularly the economy and the jobs situation, are improving. He also states that the workings of his administration as well as a non-partisan Congress are necessary if the country hopes to dig itself further out of the precarious position we were in as a nation. Obama's thesis seems to be that the country is doing very well right now but he uses statistics which do not seem to be accurate according to most sources. There are still many people out of work or not working enough to support their families. Obama advocates waging minimum wage but does not consider that this might lead to more people being made out of work. He discusses things like preschools for all children and immigration reform, but did not lay out ways in which these complicated issues can be handled by a government which has shown itself to be at odds and unwilling to cooperate with the opposing party.

America was once known as the land of opportunity. However, that is no longer the case. Americans are still suffering from a depression that began three years ago in 2008. According to the Bureau of Labor Statistics, in 2007, the United States unemployment rates were 4.6 percent. In 2009, one year after the depression began, the unemployment rate rose to 7.6 percent. Millions of Americans are living in poverty, unable to afford the basic necessities. On the other hand, there is a minuscule percent of the population that are billionaires. Written in 2005, Holly Sklar’s essay “The Growing Gulf Between the Rich and the Rest of Us” argues that if something isn’t done about the growing inequality between the rich and the poor, the American

Truthfully, there are a lot of significant Economic issues that were addressed in President Obama’s State of the Union Speech. Obama had many successes in the past year, including: the strongest production of jobs in fifteen years, drivers saving an expected hundred dollars because gasoline prices were extremely low, and the unemployment rate plummeting to a miniscule 5.6%. However, the wages of middle-class Americans remain unchanging. President Obama plans to fix this issue, using what he referred to as “Middle-Class Economics”. What is the idea of Middle-Class Economics? According to our forty-fourth president, Middle-Class Economics is defined as “the idea that this country does best when everyone gets their fair shot, everyone does

One of the economic issues we see today in the United States is the unemployment rate. In the article "Why doesn't 4.9% unemployment feel great?" by Heather Long, she explains why even though unemployment rate has decreased, people still are not satisfied. For the first time since the great great recession in 2008, the employment rate has fallen below 5% in the United States. Obama says he does not get enough credit for creating 14 million jobs, and that we should be proud how long we have come after the biggest economic crisis since the 1930's. Long also refers to Bernie Sanders, a democratic candidate for the U.S. presidential election in 2016, who says that the economy is "rigged," and that the real rate is higher than 5% (Heather Long, "Why doesn't 4.9% unemployment feel great?").

Will does use a critical tone in this column, which could have lead to him throwing too much of his opinion in there, but he was successful in having the evidence do the complaining for him. I believe that a huge selection of people in America already know that its economy is not the greatest, and I am one to believe that too, but Will's support for his thesis helped me know more of how terrible it is and how it is trying to be resolved. If, by chance, this article's argument would be accepted by the group targeted, I believe the resolution of the problem could be taken more seriously, and it hopefully be resolved. America's atrocious economy has been a crucial issue for many years, so I would come to the conclusion that this topic is of

In 1978, the richer household was 220 times wealthier than the average household. Today, the richer household is an astonishing 1,220 times wealthier than the average household. Robert Putnam, a Public Policy Professor at Harvard University said the following about the situation: “We’re moving toward an America that none of us has ever lived in, a world of two Americas, a completely economically divided country.” This may seem dramatic, but in many ways, this is a new reality for millions of Americans. We have begun to settle for a lower standard of living blaming our lack of wealth on “the poor economy.” This is an erroneous position which the top 1% thrives upon.

James Truslow Adams, an American writer and historian, brought us the term “The American Dream,” during The Great Depression. This term refers to the opportunities available to any in America that shows determination, work ethic, and ability to dream limitlessly. This dream has been twisted into our country being full of self-entitled millennials. Many of who believe they have the right to things such as free education and welfare, and that the wealthy should ‘share the wealth’ and pay for their lifestyles.This self-entitlement has been encouraged by thousands of people through social media. Huffington Post writer Kathy Kemper discusses in her online article, “Stop Demonizing the Wealthy,” how the term “land of opportunity” has been skewed to make it less beneficial for Americans to strive for success and a larger income. The leaders of our country are being forced to be tough on those who work hard, because many believe there is an inequality in incomes in our country (Kemper). The solution for several liberal politicians is to raise the taxes on the wealthy class and redistribute that wealth to the

“… a 2009 New York Times survey found that 72 percent of Americans still believed that it was possible to start poor, work hard, and become rich in America.” (Seelye 2009) The idea of the American dream has dwindled down over the years. Years ago, living the American Dream was to come from the very bottom and make it to

While Obama is campaigning for the upcoming presidential election, many citizens have voiced their opposition to re-electing him into office. The economy’s downward spiral over the last four years has affected his loss of votes and now the

In this essay, we will compare and combine ideas from the sources “Hiding from Reality” by Bob Herbert an America journalist from the New York Time from 1993 to 2011 who worries that as the years go by our country is suffering more and more each time that no matter how many benefits they cut off the country and economy remains struggling. and in the second source “Is the American dream Over?” by Cal Thomas an American Columnist who serves as a panelist on Fox News Watch, a media criticism program on fox program. who believes that all the blame is only on politicians and the government