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The President can dismiss much of the deficit criticism not by explaining the economics of the issue, since most voters do not have sufficient background in economics to understand such arguments, but rather by pointing to cuts in government spending elsewhere that will offset such increased spending.
The President needs to make the case to the American people that not only is the job recovery underway already, but that by restoring funding for teachers, firefighters and police, the recovery can be accelerated. He needs to use those specific vocations to ensure that the increased spending is understood as not being earmarked to bureaucratic waste. Further, such jobs create the conditions for future economic growth by maintaining America's leadership in education and infrastructure. Reiterating America's commitment to the principles of the . Concise Encyclopedia of Economics. Retrieved October 17, 2012 from http://www.econlib.org/library/Enc/bios/Friedman.html
Shostak, F. (2010). Is a reduction in unemployment the key to U.S. economic recovery? Von Mises Institute. Retrieved October 17, 2012 from http://mises.org/daily/4724
Thoma, M. (2012). Economist's View. Retrieved October 17, 2012 from http://economistsview.typepad.com/economistsview/unemployment/
Works Cited:
BLS.gov. (2012). Labor force statistics from the current population survey. Bureau of Labor Statistics. Retrieved October 17, 2012 from http://data.bls.gov/timeseries/LNS14
Krugman, P. (2012). Romney calls for fewer cops, firemen, teachers. Houston Chronicle. Retrieved October 17, 2012 from http://www.chron.com/opinion/outlook/article/Krugman-Romney-calls-for-fewer-cops-firemen-3638346.php
No author. (2008). Milton Friedman. Concise Encyclopedia of Economics. Retrieved October 17, 2012 from http://www.econlib.org/library/Enc/bios/Friedman.html
Shostak, F. (2010). Is a reduction in unemployment the key to U.S. economic recovery? Von Mises Institute. Retrieved October 17, 2012 from http://mises.org/daily/4724
Thoma, M. (2012). Economist's View. Retrieved October 17, 2012 from http://economistsview.typepad.com/economistsview/unemployment/
62. Over the last 12 months, wages rose 3.7%, meaning paychecks are probably trailing inflation, said Lynn Reaser, chief economist at Bank of America's Investment Strategies Group." It can be assumed that this will lead to decreased spending by consumers. The fact that wage rate increase is not staying up with the level of inflation along with the slow down in new jobs may have an additional effect on the lack
Unemployment: A Social Problem? There are few problems that nations face more perplexing than that of unemployment. The condition of being unemployed is in some ways natural to a capitalist system, as businesses try to succeed while spending as few resources as possible, and a flexible workforce means most people are willing and happy to change jobs several times throughout their lives. The problems of unemployment then often only go noticed
This being the key player in the economy of the country, it is crucial to revive it as the priority towards reduction of unemployment in the economy. Structural reforms within the export sector involve the introduction of multinationals to supplement efforts of inward investment or revolution. The rate of impact differs in attempts to alleviate unemployment incidences (OECD 2011, pg 91-131). This is because multinationals proves to deliver an
UK Economic Policy An analysis of the latest figures for key economic indicators and the factors which have affected these indicators. This should include the figures for unemployment, inflation and economic growth Unemployment Unemployment is one of the key economic indicators in the UK as well as in all modern nations. Unemployment in the UK rose for the fourth consecutive quarter in Q3 2012 with an increase of one hundred thousand people which
(Illicit Drugs or Nutritional Supplements?) It is more likely that some illegal gratification was sought and not received and that led to this action. Since this was also a case for medicines, one should also be careful of the problems that may come up. Module-9 1. Staffing What has been stated earlier is that it would be better to leave the enterprise to operations by South Africans and in that case, they
The other competitors of the company are Corporate Express, Inc.,IKON Office Solutions, Inc., Wal-Mart Stores, Inc. And United Stationers Inc. 3. Analysis of potential new entrants Threat of new entrants (Source: Datamonitor,2007) The threats of new entrants into new entrants in this industry are noted to be very string. This is because most of the supplies are in the form of commoditized products that never benefit greatly from the brand loyalty. This