Sunday, September 19, 2010

Recovery

It is no secret that the United States has been in a struggle to climb out of the economic hole that has affected millions of Americans. For many Americans the struggle to recover has taken much longer, and more effort then expected. According to the article "Are We There Yet?" published in The Economist, the longer the recovery continues the faster approval ratings are dropping for politicians. The unemployement rate is the number that Americans are looking to see increase. However, accoriding to The Economist, the unemployment number will probably continue to rise before it falls. Some ideas to help decrease the unemployement rate are to clean up the housing market. If Americans are able to move to places where there are more jobs then there is a better chance unemployement decreasing. There are ways in which tax cuts can help unemployement. One way is to cut pay-roll tax because this would give companies more oppurtunity to allow Americans to work. The unfortunate part of these solutions is that they will all take a lot of time. For someone like myself, who is going to be entering the job market within the next couple of years it is scary to see the job market down. It is hard to imagine not being able to work right out of college when students have to pay off student loans and other debts. Hopefully within the next couple years the American government can find more ways to create good jobs.

Tim McEniff

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