President Obama spoke at Georgetown University about where the economy is now and where he wants to take it. Obama’s speech was to give Americans a realistic picture of what’s going on that will help the economy. The president addressed that it is going to most likely get worse before it can get better, some of the actions being taken include… the $787 billion dollar recovery act and his plans to stop foreclosure… hard times are far from over but were seeing some hope from where we stand! Sadly it was mentioned that unemployment will be one of the last areas to improve and that there will be many more months with hundreds of thousands of jobs lost. I hope that America can make a quick turnaround.
Lisa Petty
POS 1041
T/R 11:35am
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5 comments:
It is unfortunate for the economic state we have come to find ourselves in at this time, and the lives that have been affected by the waves of job cut. However, as far the mortgage market is concerned, this quagmire is subject to our own irresponsibility. When mortgages were very easy to acquire, like back in 2005-06, people that knew they could not afford a second home, or higher priced home still went through with the process and the end result is what we are currently seeing.
Matthew Tucker
POS 1041
T/R 11:35am
Times are rough and things are deffinatley going to continue to get worse. I am an obama supporter and the bail out program is a plus! As much as helping out the people being forclosed on if it is ther eonly home they should be helped but in the state of greed most americans were in i dont think we should be saving their "moneymaking pojects." Another thing he is doing that i have mixed feelings about is raising the taxes, personely i think it is just unnecessary.
Jason Spiewak
POS1041
T/R 11:35
Yes times are rough. However I am not on board where Obama wants to take us. His plan for ending the recession include taxing the wealthy and deficit spending (which oddly enough is what he campaigned against). These are not the proper steps to end the recession. It is true that unemployment will be the last thing to turn around. It always is in every recession. However why be employed? With the social welfare programs now, and the ones soon to be implemented by the Obama administration, you can live a rather comfortable life through the government. And if that is the case, unemployment will never decrease.
Nicholas Conlin
POS1041
11:35am
The economic state we are in is depressing. This economic downfall has happened before in America's history. There is hope at the end of the tunnel, but America will have to go through much turmoil to see the light. Hopefully, it doesn't take too long to recover from, but there is a possibility it won't be years until the American economy is completely back on its feet again.
Hallie Barrett
POS 1041
T/R 11:35
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