4 million workers out of jobs out of a total labor force of

admin on 24 de Novembro de 2013

2008 Could Be Ruinous If Not Resolved

canada gooseoutlet canada Does the canada goose uk outlet great recession of 2007 2008 signal the beginning of the decline of Western powers and its domination of the global economy which began 500 years canada goose black friday sale ago? canada goose outlet canada

canada goose outlet orlando Probably not, because the factors that contributed to the dominance of the West beginning in the 16th century are still valid; most notably Canada Goose Parka its prowess in science, invention, innovation and technological change. And the canada goose spirit of entrepreneurship and competition is still alive and thriving. canada goose outlet orlando

official canada goose outlet However, a decline could ensue in our preeminence if the current self inflicting bleeding wound of inaction is prolonged by politicians concerning the job situation. The dysfunctional Congress has not cheap Canada Goose responded to President Obama’s job bill and the failure of the bi partisan congressional uk canada goose super committee to reduce federal debt by $1.2 trillion over ten years and adjust tax rates on the rich is prolonging the dilemma of the great recession. If the current hyper partisan environment is not resolved, it could exasperate the contraction of canada goose factory sale the economy Canada Goose Online into a depression or the economy could suffer from deflation or stagflation, which means the concurrence of both recession and inflation. official canada goose outlet

canada goose outlet legit The great recession of 2007, which started with housing bust and prime mortgage, has turned into a Canada Goose sale political logjam, and is still canada goose store with us despite of declaration by the National Bureau of Economic Research (NBER) that the canadian goose jacket recession was over in 2009. canada goose outlet legit

canada goose outlet boston The recession is not over yet since the official unemployment rate canada goose coats has remained at approximately 9% canada goose uk shop plus an additional 7% who are part time or have withdrawn from the labor market. This brings the total to approximately 22.4 million workers out of jobs out of a total labor force of Canada Goose Outlet approximately 140 million. This level of unemployment is intolerable. canada goose outlet boston

canada goose outlet in new york Sociologists rank the hardship sustained by unemployment to death in a family. It uk canada goose outlet follows that at this juncture the Congress and the super committee leave the cynical political divide and get on with the urgent task of providing jobs through fiscal and monetary incentives. It is the confidence of the private sector that is crucial to invest and innovate and re create a vibrant economy. economy has rebounded into long expansion after a contraction. economy rebounded. To address the currentrecession, the super committee of Congress must regain its confidence and buy canada goose jacket attempt at a renewed growth and expansion experience of the cheap canada goose uk past that will resolve the debt and unemployment issue such as the experience of the second half of the twentieth century in which Canada Goose Jackets real GDP per capita expanded by 250% in the United States from the end of World War canada goose clearance sale II to the year 2000. In 1982 the unemployment rate was 11%. Then the economy expanded during 1982 to 2007 Canada Goose online and unemployment canada goose coats on sale had dropped below 4%. They are marked by simultaneous and widespread fluctuation including buy canada goose jacket cheap contraction Canada Goose Coats On Sale and expansion of the economy. It follows that the intensity of canada goose clearance the fluctuation gyration and the duration of the fluctuation determines whether it is a mild recession or a depression. Currently we are stuck with a great recession and the government must implement fiscal and monetary policy canada goose uk black friday vigorously to ward off a depression and get the economy out of the great recession canada goose outlet in new york.

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