The Modern Economy with Obama - Article Example

The Modern Economy with Obama July 28, LOS ANGELES- The recent resolution of the government to the recession that started since the last month of 2007 did not totally impress the Americans. Many believed that America’s economic crisis is not totally solved. Jonash Green, a resident pal of the nearby streets in Los Angeles, said that “Recession has not yet ended and the problem with it is that it is insoluble when Obama is in throne.” It is very notable that people would find Obama’s performance as ‘‘disappointing’’ and as a root cause of recession. Almost 89% of the people blamed the government for the economic problem. Many people intently classified the government as the cause of the economy’s breakdown. These people notified the government with “corruption” as the major cause of recession. Majority of the people fumbled the same way when asked about their feelings during the recession. Mark Gutibonish (BS Radiological Engineering, 21), student from the University of California, Los Angeles, feel “worried” for the increasing tuition expenses. Tuition rates troubled the students who almost find it hard to pay for their student loans. Jaime Guns, 23, a recent Engineering graduate student said that “pressure is heavy” in finding jobs which are already scarce since 2007. Recent statistical findings for the unemployment rates found that young adults, ages 18-29 years old, do not have work. It could have been very hard for the recent graduates to search for a career growth. The recession has been a threat according to Amanda Turner, 82, a senior citizen. The recession made her feel highly anxious; this is almost the same to the great depression that she experienced years ago. This could only show that old men and women could have been traumatized with the effects of economic downturn. Jason Stars, 32, a businessman said that “It is a matter of time to let others realize that the market price of the country was saved because of small business firms.” The investment of small business to the country contributed to the remnants of the country’s funds. As a matter of fact, immigrants were even once accused as reasons for the recession. Jane Inot, 25, a Filipino nurse, felt “a modest resemblance” with Obama’s speech on July 12, 2012. Obama has acknowledged the immigrants for making the country’s GDP increased with their hard work. Americans evoked themselves to be affected with the drastic economic crisis. Mr. Gutibonish intended that student’s education were at risks with recession. It could never be denied that the youth was discouraged with the government as their outlook to the future became hopeless. Such hopelessness could still lead the youth to doubt their economic stability for years to come. Recession created a cumbersome sadness for the oldies. Hugo, 72, added that nutritious foods were limited because they were too expensive to buy. Oldies got affected with the recession as their physiological and psychological health was at risks. “Well, what more can we expect with a recession, it even caused a dilemma for everybody,” says Mr. Stars. The dilemma of recession made it hard for the small business firms to balance their profits. The different opinions of people twinge to a major point that the economic crisis still persists. The persistence of the recession is an altered outcome of the American’s limited luxurious life. People sense how others were extremely affected with financial concerns. Mr. Gutibonish observed that other students like him made plans not to go back to school. This could have been due to tuition increase from the pressing demands of recession. Mr. Guns has also observed that fresh graduates like him could not immediately start a career for good. There could have been a tendency for young adults to work outside the country, instead of giving service to their own country. Modern economy have inflation rates to foods which make everybody hungry especially for old men who have no one to turn to, according to Gina Odriscoll, a proprietor of a small business firm. The marketing demands of the consumable products like food depend on the economy’s runway. If these things would persist in the lapse of time, everybody could suffer from great famine including those families of other countries, Jane Inot said. Immigrants like Jane perceived that America’s economic crisis could really affect the people in global terms. People’s opinions based on Obama are coerced with their experiences from recession. Students like Mr. Gutibonish, said that the government is “pointless”. Obama needs more effort to fully avoid the total blast of economic downturn, Jaime Guns said. The youth to young adults were not satisfied with the performance of Obama. This could create a tendency for the rate of Obama’s next election to be negative. Mr. Gutibonish addressed his point that the government needs to focus on the change for the state’s economic progress. Gutibonish added that Obama needs more time to patch up everything, and to prove his promises. It could never be too late for Obama to gain back the youth’s trust for him as the president of the country. Recent graduates like Jaime Guns stated that the government needs to give plans to them aside from the students’ loaning program plans. The points of the recent graduates concerned most to the undergraduate students because based on their experience, student loans could raise the debt amounts of students to the government. Mr. Stars and Ms. O’driscoll suggested that the government is not to blame at all. People should take their ‘‘responsibilities’’ in money matters, as Stars noted. The businessmen gave tips on how to save money especially in this time of crisis. “Buy your needs, not your wants,” Ms. Odriscoll added. People have positive views and negative views for their own economic future. Mr. Gutibonish is resilient on economic future with a belief that everything’s gonna be okay. The student’s view to economic future is positive enough. Everything comes from a negative twist for Mr. Guns as he is not considerate to the means of President Obama’s chance for the upcoming election. The total blast of a fresh graduate student’s view is negative when one’s future economic perceptions recall Obama. Oldies’ view to the present economy is positive in which according to them, residues of recession could “recover.” Mrs. Turner and Mr. Hugo recalled positively how it is possible to take things back to normal like their experience of the major depression. Business owners also believe that the country’s economy will soon “rise”. Mr. Stars and Ms. O’driscoll experienced the downturn of their businesses, yet both of them remained positive as encompassed with the country’s economy. For immigrant workers like Jane Inot, hardiness anchored their positivity to make the economic state boost again. Ms. Inot intently stated that as long as the country will have the immigrants, the gross domestic product will push the economy to be stable again. Economic downturn is an abridgment of people’s perspective across the modern time. Different views and opinions of people consolidated the rustles of the country’s acclimation to economic change. People got afflicted with the menacing downturn for a short while, but their experiences on crisis resist eradicating their trusts to Obama’s government. The recent economic performance of Obama addled the views of people to search for economical change, but here’s a modern up-to-date question: Are the people now baffled to seek for a new government? Read More