The Economic Prosperity Of The United States Economy

provided information on where the economy stands today as well as how Americans view the

Leo: Before the end of his term, President Bush passed TARP. TARP was a program that increased government spending to buy all the garbage CDOs. This program involved $800 billion in government spending which was limited to $475 billion due to the Dodd-Frank Act (TARP Programs 1). President Obama continued using expansionary fiscal policy by passing the American Recovery and Reinvestment Act which increased government spending by $787 billion and lowered taxes (Amadeo 1).

The health of the current U.S. economy appears to be growing gradually. The second quarter real GDP growth was 3.7% and the unemployment rate declined to 5.3%. The U.S Federal Reserve (Fed) is expected to raise interest rates in the near future when it sees clear signs of strong economic growth and improvements in the job market.

November 14, 1995 is a day that is remembered by some as a terrible day in history. While November 19, 1995 is a day most Americans are grateful for. These are the dates the government shutdown, and the date that the shutdown concluded and the headaches were over for the citizens of America. Or so they thought. A partial government shutdown again proceeded to happen on December 16, 1995 to January 6, 1996. It is days like this that made America what it is today (E. Green).

• As previously stated in the executive summary, the United States’ economy is currently stagnating. From week to week we may see a rise in one indicator while there is a fall in another indicator, but none of the rises or falls are drastic enough to have an overwhelming impact on the economy as a whole. Although the economy is not near as strong as it was before the 2008-2009 recession, arguably one of the biggest economic crises of the past decade, there has been much growth and strength throughout the past few years with this year being the first year in which the economy is in somewhat of a holding pattern. I believe, that even with the little growth and movement of the United States economy over the past year, it is still perhaps one of the strongest economies in the world at the moment.

The U.S. economy appears to be on track for a sustainable recovery from one of the biggest economic problems in history, the Great Recession. Unemployment and inflation are both down from where they had been and things have shifted towards recovery. Inflation is likely to remain in an acceptable zone, but policymakers must be vigilant concerning inflation expectations. Employment has recovered slowly but surely as well. Uncertainty/Fear appears to be growing among American, particularly with the unrest in the Middle East, but studies are showing that faith in economists (and the Fed leaders) among citizens is growing rapidly. Due to the uncertainty, flexibility is

After the longest economic expansion in history, the U.S. experienced a recession in 2001. The Recession of 2001 was relatively short, but still had its impact upon us Americans. Just like many of the previous recessions our great country has faced, this one had many reasons as to why we fell into a recession as well. Some of the reasons we experienced a recession in 2001 is, because of the collapse of the dotcom bubble, the attack on 9/11, and a series of accounting attacks at major U.S Corporations. The

The 1920’s in America was a time of great prosperity and growth. Industries were booming, cities were growing, and people were changing. Americans were forgetting the old traditions and values that they used to live by. Americans were viewing and following new entertainments. Sports were one of these entertainments. Amateur and professional athlete’s performance in their own sport was key to the growth of athletics in the 1920’s, because they changed the American attitude towards sports, created legends, and increased popularity.

In this paper, you will read about the current standing of the U.S. economy as of spring and summer for 2015. Gross Domestic Product (GDP), unemployment rate, inflation rate, foreign trade, consumer spending, business investment, and government spending will all be analyzed. This analysis will then lead to the projection of the U.S. economy for the first two quarters of 2016.

The United States today is a paradox, where corporations prosper despite the dire economic state of the rest of the country (Reich, 519-520). This paradox continues to remain true, despite any individual effort a person may make. As Robert Reich, a political economist and professor at Berkeley concludes, this is because the workforce is shifting from the manufacturing industry to service jobs and mostly, jobs that require college degrees(519-521). Presently in the U.S., one 's competitive position in the world economy is starting to depend one’s function, and in this environment, the rich prosper (Reich, 519-520). In response to this situation, many now view a college degree as a key to success, and are seeking out higher education.

Statistics on prison matters are some of the known facts in the United States of America. For example, the current populations show that 1 out of every 100 citizens in America are incarcerated. Economic and social stability in law has been one of the major goals of the government in the United States of America. The population increases, there are also high chances in which the number of prisoners are likely to increase. The United States is increasingly developing strategies that would be used in ensuring the sustainability in prisons has been achieved. According to such explanations, the rehabilitative programs have been implemented as the best of alternative in restoring sustainability in prison. They represent all the efforts that are aimed at developing the prisoners in various ways in order to maximize success. Though many people view this action as an invalid strategy, I tend to agree that rehabilitative programs are the best alternatives in restoring sustainability in prisons.

Despite the common assertion that all math is inherently difficult, statistics is rooted in simple mathematical concepts. Descriptive statistics, as depicted by author Charles Wheelan in Naked Statistics: Stripping the Dread from the Data, is a way to summarize raw data in order to make immense data sets more manageable and understandable (2013). As Wheelan points out, everything from presidential elections to baseball games can be summarized using statistics (2013). One of the most prevalent uses of statistical analysis is to summarize data in order to reflect the health of the U.S. economy, specifically through gross domestic product (GDP). Wheelan touches on the subject of how statistics can be used in conjunction with economics; however, there is much more he does not mention. The health of the U.S. economy is imperative to every American. It dictates whether it is a good time to splurge on a pricey vacation, invest in a new company, or save for the future. The only way to truly understand the current status of the U.S. economy is by being able to interpret statistical analyses accurately, which may be trickier than it appears. Just like any other topic, it starts with the basics (mean, median, etc.), but Wheelan soon makes it apparent that things become a bit more complicated when one looks past the fundamentals of statistics (2013). Interpreting statistical analyses is more than just being able to read charts and graphs. Descriptive statistics is rooted in simplicity;

The 1990’s were a time of rapid change in technology. People began to use the internet for business, which could be accessed by a majority of the world. Companies and corporations began to want to invent in other countries for profit, rather than investing for political influence. Due to this new way of business, profits went up, which led to new technology and even more profit. Although the internet was great for wealthy businesses and corporations, there were many flaws.

The United States is currently experiencing a slow recovery from the recession of 2008-09. The current unemployment rate is 7.7%, which is the lowest level since December of 2008 (BLS, 2012). However, this rate is believed to higher than the rate that would occur if the economy was operating at peak efficiency, and it is also believed that there are structural issues still underpinning this performance. For example, the number of Americans who have exited the work force as the result of prolonged unemployment is believed to be higher than usual. In addition, the Congressional Budget Office (CBO, 2012) notes that long-term unemployment of greater than 26 weeks is at a much higher rate than normal, which will have adverse long-run effects on the economy, since workers with long-term unemployment often find their career paths derailed.

In the past decades, the demand for electronic devices and appliances has been in demand in many nations. That is due to the ever changing technology that has led to the replacement of the old electrical and technological devices. Nonetheless, with the advancement in technology, individual needs across the globe have also changed. The modern technological devices have to a great extent simplified life where most of the activities that were manually done in the past are now done using technologically advanced machines. That has significantly improved the quality of the output. Moreover, the production process has been made more efficient. For instance, accounting tasks in almost all offices across the globe have embraced the use of computers. That has not only simplified the work done by the accountants but also increased the accuracy (Andritzky, 2007). The demand for these devices has given business opportunities to many investors who seek to provide and avail the machines to customers across the globe.