Economic Policies Pave The Roadway For How America Operates

During the past couple of decades, the decline in the middle class has been associated to the political agenda of the Republican Party. By ending governmental subsidies and other programs created to build the middle class, has ultimately ceased the growth. However, realizing the importance of the middle class to our fragile economic platform, the Democratic and Independent political parties are desperately trying to create and revamp the middle class

The economy is a very fragile thing; however it can have an enormous impact on people. Americans especially are affected because they are so greedy, they always want more. Because Americans are very materialistic, they can become overly arrogant and possessive since they are used to getting their way, on account of having money.

In the United States, we encounter quite a bit of obstacles that we can’t seem to get rid of completely. We as a nation deal with inflation, unemployment, stagflation, recessions, depressions, and so much more. Reading these three articles opened my eyes to the world of economics, and even made me question the society we live in. I’ve learned that sometimes questions can’t be answered, and I learned that once we solve one issue, there is always another issue on its way. These articles made me analyze, and think about the future of economics, and what I can do to try and help the economy. These authors of these three articles make it very clear that there are issues in the United States, and they do an amazing job

The readings examined how classism has negatively affected economics in the United States, how oppression manifests in taking financial advantage of groups of people who cannot advance financially, and systemic issues contributing to low wage and inability to move out of one’s social class. I was struck by the idea that most people in the United States are disadvantaged financially based on the way the country has set up its economic policies. From the beginning, black people have been oppressed by the inability to attain wealth, which continued through the end of WWII. I unnecessarily read a chapter speaking about financial companies targeting poor people, particularly people of color, with money schemes so they are losing their hard-earned money to fees and interest rates. This scheme continues to keep people in debt and living paycheck to paycheck. I related to the reading about college loans creating a paradox that students with degrees enter the workforce unable to find a job in their their field of study. Then the added paradox of not being able to find work making

When there are problems in the United States economy, whom do the people turn to? The most obvious answer is the government. The federal government is given the responsibility of maintaining a stable economy. When the economy is not stable, like during a recession, the American people turn the government and demand that they fix whatever problem is occurring. The government can handle the economy in a recessionary period in one of two ways: expansionary fiscal policy or expansionary monetary policy. The sector of the government that handles the economy using these policies in a recession is the Federal Reserve. The best course of action to get the United States out of a recession is to use expansionary monetary policy.

In Edward McClelland’s essay “RIP, the Middle Class: 1946-2013,” McClelland discusses to his audience that the middle class is slowly vanishing and soon enough we will only be left with the rich and the poor. Throughout the essay, McClelland uses various examples to demonstrate how the middle class will no longer exist. McClelland talks about how education is vital for pursuing a job at a reasonable pay that a person can live off of. Before, people were able to leave high school and go straight into a job with a pay that could support them. Nowadays, the same jobs that were supporting people before require a lot more education and still aren’t giving enough money that will allow them to live comfortably. Even though there are still jobs people can thrive at that will make more money without a serious education , the middle class is struggling to make it economically, because it is harder to find a job without education and financially it’s harder to make ends meet.

Chapter nine: Explain how the average American is three times as rich as they would have been in 1950. Explain the most effective “knock” on GDP. What does the author think about the effectiveness of fiscal policy? Explain how a current account surplus/deficit can be good and bad.

First of all, the economy is affected because there are major issues that examines the difference between the policies and political positions such as taxes, the role of government, entitlements (Social Security, Medicare), gun control, immigration, healthcare, abortion, and gay rights. They differ in their philosophies, but yet dominate

In 1978, the economy started suffering in the US, because the middle class was getting weaker, and inequality started increasing. According to Reich, the middle class is directly associated with the economy, because 70 percent of the economy is summoned up of consumer spending. The middle class is the foundation of consumer spending. In the late 1970’s and early 1980’s, wages

On top of it all the rich seem to get richer, spending their money on bigger houses, better cars, always trying to out do each other while the middle class continues to struggle. Paul Krugman describes this very well by saying,

Government activities have a powerful effect on the US economy in stabilization and growth which is the most important are. The federal government guides the pace of economic activity, attempting to maintain steady growth, high levels of employment, and price stability. They do so by adjusting spending and fiscal policy- tax rates- or managing money supply and controlling use of monetary policy-credits. It slows down or speeds up the economy’s rate of growth, which affects the level of prices and employment. After the Great Depression in the 1930’s, recession (high unemployment) was

In Robert Reich documentary “Inequality for All” he makes a compelling discussion about the serious crises that the United States faces due the widening economic gap. He looks to raise awareness of the U.S. economic gap between the rich and poor. According to Reich the widening divide in America is real and growing. Income levels at the middle and labor class is stagnant and are at it’s lowest levels compared to upper class incomes since the beginning of WWII and is growing wider each year. Reich suggests that the economy runs more smoothly when the middle class has jobs with fair wages, when unions are strong, and when middle class workers have some extra money to spend if possible when the government uses the tax policy properly and when it raises the minimum wage regularly to control the income gap between labor and management. In other words Reich argues that economically healthy middle and labor class equality is the foundation of a thriving economy and is necessary to maintaining a sound national infrastructure and educational system within

I am not okay with middle class losing their money that they worked hard for. The wealthy need to stop being so selfish. If it continues to be the way it is then the middle class with probably be called poor and middle class will no longer be in the chart. Half of the united states are middle class people. People that struggle enough right now that are living off of paychecks after paychecks just not okay. The government need to stop putting taxes so high and making poor people pay more than what they should be paying, highing the taxes is not okay some people are immigrants or being colored, can only work with a certain type of job that could only pay so much. Not everyone will be in school for most part of life

The story I had to read for my Economics class is called Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures. I think this story was very Entertaining and informative. The story talked about many things like how taxes work, the government, and money. I really enjoyed reading an awesome book like this. I also enjoyed learning about Goodwin’s perspective of what means to be citizens of a democracy, and why many political issues are also economic

“Why the Rich Are Getting Richer and the Poor Poorer” was written by Robert Reich. Throughout this article he discusses the increasing differences between the highest social class and the lowest social class. Reich uses the title, a common figure of speech, to further explain the worsening differences of the economy. Reich even goes as far as to compare the human population to a boat; he states that humans are split into two boats most are in a sinking boat and the rest are on another, one that is constantly is rising. The author states that the lower class is trapped in a loop of poverty due to a loss of jobs. The main reason for the loss of jobs is mankind is relying more heavily on robots and computers. Another factor is that companies can build factories in other countries without labor unions and pay their workers very little and make immense amounts of