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There is no reassurance in anything. Nothing is set in stone. It is this fear that drives people to stop spending because there is nothing at all occurring that is of some sort of security for them. How can someone spend on things that are not really essential when someone could literally lose their job the next day without warning and then not even have a reliant security network on which to go to. The government even started to lower the amount of time allotted for unemployment check disbursements for individuals who are unemployed, leading to an even greater economic problem within families (Wolf 2010).
I agree with the editor who states over and over again that these people who have literally lost everything have nothing else to rely on. They got swept up in the idea that in America anything and everything is possible, but unfortunately that dream was sought at an extremely bad time. The idea behind what they wanted is no longer there. The structure on which every life goal was standing on, no longer has anything assisting in holding on to it. Small businesses are desperately searching for a crutch to hold on to, yet nothing seems to be to there to support them when they need it most. Government assistance is no longer being funded as much as it used to be, even though now is the time that people need that support to assist them (Mandelbaum...
It is a catch-22 when one thinks about the concept of government assistance. When the economy is doing well, these programs are well-developed and appropriately funded, however, when people need it the most, there is not enough money to be able to do anything for the people in dire need of this extra assistance.
In order for a proper and stable system to be in place, more money needs to go into helping the people that need it most. Small businesses that once held prosperity and success should be able to rely on the government in times when they are not being so financially lucky. It is now that hard working American people should be able to look toward its leaders and not have to get used to the idea of living in a recession. Living in poverty is not something that any should have to get used to, especially in a nation such as the United States.
References:
Saslow, E. (August 29, 2011). Virginia house painter fights to keep business as recession becomes a way of life. In The Washington Post. Retrieved August 29, 2011, from <http://www.washingtonpost.com/national/virginia-house-painter-fights-to-keep-business-as-recession-becomes-a-way-of-life/2011/08/26/gIQAiIYHoJ_story.html>
Wolf, R. (August 30, 2010). Record number in government anti-poverty programs. In USA Today. Retrieved August 29, 2011, from <http://www.usatoday.com/news/washington/2010-08-30-1Asafetynet30_ST_N.htm.>
Mandelbaum, R. (July 29, 2010). Can government help new businesses? In The New York Times. Retrieved August 29, 2011, from <http://boss.blogs.nytimes.com/2010/07/29/can-government-help-small-businesses/>
Edgar Hoover, makes public its continuing investigation into the activities of black nationalist organizations, singling out the Black Panther Party in particular, Hoover viewing the group as a national security threat. January 05, 1970 Blacks Move Out of Inner Cities: The Bureau of Census statistics show as the quality of life in poverty-stricken urban communities worsens, a continuous stream of middle-class blacks escape to higher-income neighborhoods and suburbs. February 13, 1970 First Black
Conclusion Each of the four economies studied suffered somewhat from the economic downturn. The differences between the severity and length of recession in each country will inevitably be affected by the structure of that nation's economy and its relationship with the international monetary system. As such, it is important that we analyze the differences between these nations and the ways in which the current economic crisis impacts their economies. We can
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But amid the celebration, crucial opportunities have been lost: In September 2009, the "inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue of the American International Group, the insurer. The gist of the report is that government officials made no serious attempt to extract concessions from bankers, even though these bankers received huge benefits from the rescue.
This second package is expected to be more effective as it will focus on increased sales and spending, rather than tax deductions alone. Critics however argue that the benefits of this stimulus package will also be temporary and that the contracting economy might need a third stimulus, but it is yet unsure whether the Congress would be able to grant it (Moseley, 2009). In spite of the efforts implemented by