Article Critique
“US Economy expanded at brisk 3.3 pct. pace in third quarter” by Paul Wiseman The article that I chose for my article critique is tittle “US Economy expanded at brisk 3.3 pct. pace in third quarter” by Paul Wiseman. This article is about the United States economy and how well is doing. It talks all the elements that are making the US economy grow, in this fast pace. A brief summary, this article is about the third quarter of the United States economy. The US economy is doing very well despite the two major hurricanes that we had in Florida and in Texas. During the third quarter which includes the months of July, August, and September. The economy expanded 3.3 pct. in the third quarter (Wiseman, 2017). Mostly is due to more
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After the election the stock market has been breaking records after records, job growth is on the rise, consumer and government spending has increased, all these are great signs of a healthy economy. The dollar value helps our goods to be cheaper and better for me when I go to Brazil, since they are in a recession the dollar is very valuable there. I have experienced the 2008 recession, it hit very hard for us. My husband works in construction, and at the time I was at college with no income. It was very hard, for us we even had to apply for welfare in order to feed our child. So when I see the economy the way is today makes me very happy, when I go to his job sites and see all the homes that have been sold is a relief. In my opinion the economy is doing very well, my consumer spending has increased because I bought a car this year, we were able to take a family vacation to Disney World, and I’m getting ready to settle on our house. The knowledge that I gained from this class and from macroeconomics will help me evaluate the economy better, I will be able to make better financial decisions and avoid the hardship that we suffered in
Over the past few days I have been reading a book that I believe you would enjoy. The book is called Cocktail Party Economics and is meant to explain economics to people who have never been taught the course. One thing that separates this book from other economic books is the way the author explains the topics.
3 out of every 4 radio were purchased on the installment plan(doc 6) . Also 60% of all automobiles and furniture were purchased on installment plans(doc 6). This meant Americans would buy goods on installment at a rate faster than their income. Everything is good until the economy is hit by this. The economy is hit when People buy everything they need and then they stop buying, then
Author’s Purpose I believe that the author’s main purpose was to inform people of not only what President Franklin Delano Roosevelt did to calm the public who were having a financial panic, but also how he did this so effectively. Roosevelt handled the situation of the collapsing economy very calmly and confidently. With the tone of his voice, his word choice, and how he implemented his speech, he put confidence and faith back into the people. The author describes his voice as soothing, like a “favorite uncle telling a bedtime story”(Brands 89).
Rhetorical Analysis: Beccaro vs. Moyo Economic growth in the United States has been going up and down over the last decade. The estimated growth for the fourth-quarter of 2015 was 1.4%. Economists, Thomas Del Beccaro and Dambisa Moyo, presented their solutions on how to fix and limit the America’s stagnating economy. Beccaro’s article, “The Key to Avoiding Our Looming Class Warfare”, was exceptionally better than Moyo’s speech, “Economic Growth has Stalled. Let’s
Throughout the history of The United States the government has taken various actions to address the troubling circumstances with the nation’s economy. Two actions that addressed the nation’s ever so troubling economic crisis at the time include Regan Era Tax Cuts and President Franklin D. Roosevelt’s “New Deal”. These actions were proposed to society during two time periods where American citizens were facing an immense amount of strife and despair, the two plans offered hope and a plan of relief to the economy. The New Deal during “The Great Depression” and Regan Era Tax cuts which was during a terrible recession both provided a breath of fresh air during a time period where American’s and the economy were at an ultimate crisis and standstill
The charge about the old days of the American economy—the nineteenth century, the “Gilded Age,” the era of the “robber barons”—was that it was always beset by a cycle of boom and bust. Whatever nice runs of expansion and opportunity that did come, they always seemed to be coupled with a pretty cataclysmic depression right around the corner. Boom and bust, boom and bust—this was the necessary pattern of the American economy in its primitive state. In the US, in the modern era, all this was smoothed out.
(Relationship)Critics had stated Roosevelt and his administration did not help the common man and the country’s economy. However, (Thesis Statement)Roosevelt and his administration did have effective methods that had benefitted both the economy and common man because of the New Deal programs, revived enterprises, and proposed better use of land. (Acknowledge)Senator Huey Long from “Share Our Wealth” speech stated Franklin Delano
“GDP is how we see, how awesome a land can be! It shows us all the riches we’ve got From gold and silver to apricots. --------- GDP is split in four To show us all we have and more.” “What’s GDP like in quarter 4?”
America’s past and foundation for economics impact our economy today according to Steve Dobransky. There is an apparent reason for how and why the economy in America is struggling today. The national debt our country faces may not actually be debt at all, but rather a result of past economic standards that were set but not revised or changed in the slightest. Dobransky explains how the printing of paper money by the federal government and the decision of 1865 contribute and negatively affect our economy today in America. Dobransky first shows how a change of industrialization impacted our nation.
According to the yield curve I constructed using data from the Board of Governors of the U.S. Federal Reserve for the month of July 2014, I believe the country is heading in the right direction and the economy is growing despite the effects of the crisis of 2007-2009 still lingering in the economy. First the reader must understand why I believe that the economy is growing and doing well according to the yield curve I constructed with data from the Federal Reserve. The yield curve I constructed was very much an upward sloping curve, which you can see at the end of the paper. What the reader must understand about yield curves is that the slope can help predict an economy’s future. But first what is a yield curve?
The American economy grew by a staggering seven percent, and the loans credited to consumers was responsible for this. Once businesses discovered they could boost their margins exponentially if they gave out credit to customers, the spending began. America looked
The economy overall grew by 37%. At the end of the decade, the
This reaffirms his belief of this policy as a salvation for economics. He doesn’t care about any of his arguments previous to this one. He simply wants to save money rather than education. One who didn’t attend senior year should not be a reliable opinion to such a topic as this. He is too far out of his secondary education to know how the education system works as well.
The events of the 1980s and early 1990s do not appear to have been consistent with the hypotheses of either the monetarist or new classical schools. New Keynesian economists have incorporated major elements of the ideas of the monetarist and new classical schools into their formulation of macroeconomic