IF ADVICE WAS GIVEN TO PRESIDENT OBAMA FROM MY PERSPECTIVE, I WOULD REDIRECT STRUCTURE BY RESOLVING THE AREA OF UNEMPLOYMENT IN BUSINESSES WITH ALL SOCIETY SUCH AS INDIVIDUAL ADULTS, FAMILIES AND TEENS.
Well, if I had a chance to help Obama redirect the American economy, I would most likely focus on a few aspects that would structure the say in the American economy. My main focus would have to do with poverty in order to help each individual or family stabilize their home and the way it can be adjusted would be by employment at big corporations or small businesses. Since Mr. Obama has already to much on his plate and he feels that cutting certain things might help restructure economy, why don’t we view it by a worker’s point of view and employ many people in order for them to maintain their home stability. While the winnings for businesses aren’t going to be made with a lot of profit at first, they will eventually going to be brought back with many tax cuts of check earnings throughout few years. Eventually throughout more employment opportunities, the economy will build up stability through checks of employees in corporations and small business. Looking back in the great depression, the “New Deal” method was presented and only made the year worse with people leeching off from the stimulus checks and caused former president Franklin D. Roosevelt to create a second “New Deal” bundle for the following year. The society savings became a bigger disaster, so it made every single person save as much pennies as they can for future struggles. In the quote below shows errors that were done due to desperation of wanting to fix the economy after 1933;
"State governors had shut down every bank and every bank account was frozen--no one could get a bank loan or cash checks or get at their deposits. Unemployment was 25% and higher in major industrial and mining centers. ”
In the end, it's just disappointment to new modern America in 2 aspects, first While Mr. Obama was confirming the stimulus deals with getting it passed the legislation, the people were collecting money and saving every single dime. By the time the stimulus checks are sent, society will not follow the economics opinion of "spending it" in a time in need, because families and individuals will have other responsibilities to take care of such as taxes, savings bonds, and last but not least many other personal properties. The second aspect relates to industrial revolution-- times when children were forced to work along with parents to make end's meet. Now in modern America, times have changed young teens are wanting to purposely get a job because of personal needs that parents cannot cover and so responsibility can get to their name. Unfortunately since the big corporations are worrying about profiting by hires , many seem that unemployment becomes high while economy struggles, and creates chaos between families of having an ideal of not meeting sufficiency. In this statistic it shows the unemployment rate in the state of California;
"Rank: 48 State: CALIFORNIA Unemployment Rate: 8.4 (in late 08')"
In concluding this leads me to follow and explain that there is more than one way about it to solve to employment issue and the liability of young adults having the hand to follow with helping out the economic system with their jobs that benefit their needs as aswell.
"New Deal." Wikipedia, The Free Encyclopedia. 11 Feb. 2009. Wikimedia Foundation, Inc. 10 Feb. 2009 http://en.wikipedia.org/wiki/New_Deal.
"Unemployment State By State." CNN Money.com. © 2009 Cable News Network. 11 Feb. 2009 http://money.cnn.com/pf/features/lists/state_unemployment/.
Yang, Jia L. "The truth about stimulus and the Depression." CNN Money.com. 11 Feb. 2009. © 2009 Cable News Network. 11 Feb. 2009
http://money.cnn.com/2009/02/10/news/economy/yang_newdeal.fortune/index.htm.
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