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Journal opinion article and address an economic issue of current interest to Wall Street Journal readers - Book Report/Review Example

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Name Instructor Course Date The Business Plan for American Revival After Obama won the election in 2008, there were high hopes of revival of the US economy. After four years in power, Obama had little impact on the growth of the US economy. This four year term aspired to the former dynamics employed by Abraham Lincoln and his cabinet where US was revived by former antagonists and competitors during the civil war…
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Journal opinion article and address an economic issue of current interest to Wall Street Journal readers
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Journal opinion article and address an economic issue of current interest to Wall Street Journal readers

Download file to see previous pages... The Roosevelt administration had a great bitterness with the other business community in 1930s. It is evident that several executives deplored unto the president’s policies and regulations. They also refused to call him by and referred to him as, “the man in white house”. The president later welcomed his competitor’s hatred and declared this during the 1963 campaigns back to white house. The adversary from US defeated Japan and Germany before the Pearl Harbor was bombed. What was the effect of the bombing to the Harbor? It is alleged that there was a rampant upsurge to the industrial production and this would actually lift the American economy and crush the Axis Power. Therefore what contributed to the revival of the US economy during the reign of Roosevelt? First, Roosevelt contributed by showing exemplary leadership skills. More so, business strategies that US had set in place contributed highly towards the economic growth of US. Based on the historical uprising and revival of the US economy, the relationship between the major business communities in America and Obama’s government has deteriorated. The relation is unproductive and is straining due to various hindrances. Thus, what will be importance of election in this case? From a political point of view, election is the basis of forming a productive relationship between the government and the business community. The Americans should not take another term to ensure that squabbling in government s over and there is progress. Thus, the Americas are looking forward to have a united government. This implies that the two parties should unite and make progress to boost the county’s economy. It is also evident that the challenges faced by the Americans are not similar to those during the Second World War. However, to meet these challenges, the people must be willing and ready to cooperate and dedicated their abilities and time and not rely on the political parties alone. Furthermore, reconciliation and compromise will help in the revival of the economy. What the n should Americans do to ensure that the economy of the country is revived? First, the government should give the economy a more stimulative jolt and minimize on the risk of occurrence of a double recession. The fragile recovery of the economy will be derailed by the budgetary and tax cuts which take effect from January first.the agreement between political parties that aim at coping with fiscal cliff should have a shared sacrifice and be flexible to ideas that some partners in the political parties will be unwilling to allow. This means that the business people should take responsibility and act in the revival course of the recession. The business community should also talk about significant opportunities which will come from the positive view of the American economy. This is because more cash is not in circulation especially in the nonfinancial companies which have trillion dollars idle in their balance sheets. More so, the capital expenditures of most companies in US is at anemic levels and increase in the tax rates will automatically lead to growth of the economy and cycle of jobs. In another research by the government agencies, the US government and the business community should restore the lost confidence in the public finances. From the report, it is clear that the government currently enjoys ...Download file to see next pagesRead More
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