Wednesday, March 24, 2010

White House and President Obama's forecast: no roaring economic recovery in 2010

The first major signs of the most recent economic recession began in late 2007. The stock market was sitting above 13,000 and many people believed that the recession would be a short-lived one, but the economy was falling so quickly that even the most negative forecasts weren’t low enough. What started as a problem that was confined to the housing and mortgage sector had become a general problem throughout the American economy. How long it will take to fix all of these problems is an area of concern.

President Obama is clearly faced with some challenges, and came into office with a lot on his plate. Despite all the other issues going on in America the economy is the biggest one. Even though President Obama came into office ready to make things happen, things are always “easier said then done” especially when you are trying to clean up the mess made before hand. The people have faith in their president and believe that he can solve the problem. The economic recovery in 2010 is likely to fall short on job growth. But higher jobless figures might not be a bad thing as long as people are looking for jobs again to keep the economy and work force flowing. The economic recovery is in the air as America emerges from the longest and worst recession since World War II. Everyone wants to know what’s being done for the economy in 2010. Perhaps most important, new jobs may be created opening doors of opportunity for those with a desire for the work force. President Obama is clearly faced with some challenges, and came into office with a lot on his plate. Despite all the other issues going on in America the economy is the biggest one. Even though President Obama came into office ready to make things happen, things are always “easier said then done” especially when you are trying to clean up the mess made before hand. The people have faith in their president and believe that he can solve the problem. Our president takes charge when it comes to his effort to create new jobs. The president sees the frustration of the American people who can’t get a job and cares. President Obama is thinking of ways that he can expand the job market and encourages these businesses to hire. What we need is employment support. Employment support are services which include counseling and workshops to assist people out of work in understanding the workplace and how to find a job in their area. This would be a much less burden on the taxpayers which would be implemented without too much new legislation and would have a much faster positive impact on the economy.

As usual there is a conflict of interest when you want to do something good for the people. Republican John Boehner who has not even seen the legislation feels that it is premature. Obama is making it his business regardless to make things better. The job market is far from healthy, but it is stabilizing. It is definitely a work in progress, but all the people can do is just wait it out or keep trying to get hired at various jobs available.It’s just not going to happen over night.

The economy is not expected to snap back and bring smiles to everyone on Main Street. Instead, the unemployment rate is expected to stay uncomfortably high, and businesses may remain timid about expanding for the fact that the cash flow may not yet be where they would like it to be.

3 comments:

  1. Yeah Shauna you did this lol...extremely informative and you kept it very interesting. Good job :)

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  2. YEAh yeAh..lol C00L bloG...your blog has alot of authority in it to keep us informed and what's going on in the U.S...like Catlin said "Good Job"!;)

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  3. I agree with Duwona........ it's well written and it keeps the reader well informed on whats going on!!!!

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