Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Critics to Obama's left have alleged that it was not large enough, like Noble-prize winner Paul Krugman, in a New York Times editorial: "[The] modest rise in federal spending was barely enough to offset cutbacks at the state and local level" (Thrush 2010, p.1).
Bank bail-out
The Obama Administration's $700 billion Troubled Asset Relief Program (TARP) brought the economy back from the brink and "there are clear signs that aspects of the financial system are far more stable than they were at the height of the crisis in the fall of 2008" (Orol 2010). But the fact that rates of home foreclosures have continued to rise and ordinary consumers still have trouble borrowing money means that the TARP has also been criticized by liberal Democrat's political opponents. "Because of fears of tending to poor credit risks, and fears of unemployment, participating banks' lending to businesses and consumers, has decreased" (Orol 2010).
Conclusion
While the Obama Administration has made some reasonable progress in improving the economy, feelings that improvements have not been as swift enough and general dissatisfaction with unemployment data...
TARP overseer says bank bailout program has mixed results.
Market Watch. Retrieved November 1, 2010 at http://www.marketwatch.com/story/overseer-bank-bailout-program-has-mixed-results-2010-01-31
Thrush, Glen. (2010, November 1). Was the stimulus Barack Obama's original sin? Politico.
Retrieved November 1, 2010 at http://www.politico.com/news/stories/1110/44469.html
Uchitelle, Louis. (2010, July 7). American Dream is elusive for new generation.
The New York Times. Retrieved November 1, 2010 at http://www.nytimes.com/2010/07/07/business/economy/07generation.html?_r=2&pagewanted=all
Zengerle, Patricia. (2010, September 23).Obama tries to humanize the healthcare debate.
Reuters. Retrieved November 1, 2010 at http://www.reuters.com/article/idUSTRE68L1BR20100923
References
Orol, Ronald (2010, January 31). TARP overseer says bank bailout program has mixed results.
Market Watch. Retrieved November 1, 2010 at http://www.marketwatch.com/story/overseer-bank-bailout-program-has-mixed-results-2010-01-31
Thrush, Glen. (2010, November 1). Was the stimulus Barack Obama's original sin? Politico.
Retrieved November 1, 2010 at http://www.politico.com/news/stories/1110/44469.html
The New York Times. Retrieved November 1, 2010 at http://www.nytimes.com/2010/07/07/business/economy/07generation.html?_r=2&pagewanted=all
Reuters. Retrieved November 1, 2010 at http://www.reuters.com/article/idUSTRE68L1BR20100923
Suitability for International Business Positions In today's global society, the need for effective and suitable people in international business positions is greater than ever before, with instantaneous communication with countries around the world now the standard and with shipping and transportation between these countries now measured in days or even hours instead of weeks and months. The increasing confluence of different cultures and the increasing pace of business lead to the
Capital (% of GNI per capita) Source: The World Bank (2009) The following table shows the procedures time and costs involved in construction of a warehouse, obtaining the licenses and permits necessary and completion of the required notifications and inspections as well as obtaining utility connections. Procedures and Costs Involved in Warehouse Construction Indicator Peru Region OECD Procedures (number) Duration (days) Cost (% of income per capita) Source: The World Bank (2009) Peru is stated to rank 149 among other countries
Economic Impact Study: Students at Schreiner University An economic impact analysis is designed to estimate both the direct and indirect effects on the economy that are associated with any given type of expenditure. In other words, an increase in the demand society has for a product sets in motion a series of various expenditures from the companies and organizations that provide what is needed to make that product. The parts and
Economic Events: 1980-1989 the decade of greed. The era of Ronald Reagan when the rich got richer and the poor got poorer. Despite this common wisdom, 1980 started off auspiciously. On May 8, 1980 the World Health Organization hailed "one of the century's greatest medical accomplishments," the final and total eradication of smallpox (Dickson 247). But how quickly times change - barely a quarter century has passed and this same disease
Economics - Country Analysis Country Overview and Current Events (News) Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on
Economic Impact of the Malbec & Tannat Wines in Argentina Wine Industry of Argentina Role in exports Improvement in labor market Attraction of Foreign and local investors Tourism development URUGUAY Wine Industry of Uruguay Economic role of wine industry Tourism industry and role of wineries Exports of wine Improvement of economy through wine industry Argentine Uruguay Wine industry has played major role in the economic sustainability of both Argentina and Uruguay. Whereas Uruguay has much smaller economy as compared to Argentina, the wine industry