How to Get the Most Out of a Recession?
“If only you knew what you were born in to, you would do so much better” said Senatorln Rid ^ of California, as he demonstrated the burdensome and far reaching effects of the high cost of remedial funding. As we know, the pressures on all Americans are far reaching. Unfortunately, although these pressures are affecting all taxpayers, there seems to be some relief on the horizon – YES, relief in the form of new funding and initiatives from U.S. Senator Chris Dodd.
Are you as frustrated as I am about our broken system? Our public education system keeps pushing us down a very hard road, yet there seems to be no answer for the increasing number of jobless Americans. We could not afford decent investments for our children’s education, yet all our political leaders are looking forward to ” Buffet Rule” reforms – no more state lottery grants – just so they can raise the taxes of the very people who are shouldering most of their own education funding. But, then again, if our political leaders are so concerned about providing education to all Americans, then why isn’t the solution to the education crisis available and available to everyone, regardless of income levels?
H YES, The $8,000 tax credit estimate candidate for political fame,ions C. poles, a former governor and a lawyer, in his macho and yes, he actually saw quite a bit of action that required him to travel more than 5,000 miles a year to attend weekly sessions of the Federal Reserve Banking System, Federal Deposit Insurance Corporation and Federal Deposit Insurance Corporation. Before he rants to the Senate floor, Congress is fully aware of hisRush slams. mannersATES DPS C. Wiki Jason detect every blame he feels is at the doorstep of the rich. Because he sounds like a nice guy, maybe I will buy him lunch.
One of the most disappointing events in my political life recently occurs when Ben Bernanke, Chairman of the Federal Reserve Board, prepares his statement to all Americans. Normally, his prepared remarks are anticipated to be something along the lines of “The European recession has ended”, or “The Great Economic Crisis is over”. His remarks on T.V. on June 22, 2010 were nothing short of mundane and disborish.
The truth is that our economy is in dire straits.identifying the causes of the economic slowdown, and very importantly, finding a solution to give us the energy to overcome it, will take time. The US faces a federal deficit of about $1.4 trillion, and every year taxes do not become offset by other economic activity. This means that every year, will more and more American become discouraged from buying new homes, will sell houses they do not need to stay in their current residence, and thereby supply needed resources to the US Economy. This will reduce tax receipts and demand for purchases of needed goods and services, which will happen on a downward spiral. With that said, what exactly can we expect to see in terms of economic growth over the remainder of 2010 and into 2011?
First, expect to see a decrease ( moderately, in comparison to what year before) in the real, physical dollars flowing into our economy. As individuals continue to remain cautious about spending money, but begin to seek out cheaper alternatives to regular shopping, many businesses (especially retailers of household needs) will likely see a fall in sales for the remainder of 2010. Additionally, those who are fortunate enough to have money to invest so as to offset expenses will see more of their investments increase as inflation gradually rises. The rising inflation will also cause the value of money to fall relative to the value of the goods and services it buys ( commodities), and demand for these commodities will drop. Therefore, the factors outlined above will combine to cause a downward spiral of growth for the next year.
Also, you can expect oil to rise considerably, rather than fall ( as was the case in 2010). Because of many external factors (from the Middle East, Africa, China, and commodities such as gold and silver), 2011 will likely see a substantial rise in oil. This won’t only affect transportation costs, but also the means by which the US sustains long term growth. Furthermore, the rapid rise in oil prices will cause the price of higher form of energy ( petroleum and natural gas , for example) to rise as well. This means that for the typical American, we will likely see many of their bills adjusted for inflation, or perhaps in an unfriendly way.
Overall, expect to see more political nationals talk about slowly phasing out Social Security / Medicare over the next 6-12 months, as political appointees accumulate positions within the Senate and Congress. however, expect to see a steady rise in the amount of rhetoric from politicians as well as political appointees encouraging people to consider extreme needs away from Social Security / Medicare.