Our flags have been raised from half-staff to full-staff since the terrorist attacks in the New York area and most of us Americans seem to be increasingly aware of our protecting freedoms. In 1787, our founding fathers created the greatest contract or agreement for freedom ever known to mankind. My "Brief American Pageant" history book lists two fundamental principles that directed them to the establishment of our Constitution. These guidelines were that, "the only legitimate government was one based on the consent of the governed and that the powers of the government should be limited" (117). Our Constitution clearly states that the power rests first in the people, then the states, and lastly, the United States. That's why the preamble begins "We the People." But do we fully understand our rights, powers, or freedoms: furthermore, does each state know theirs? To put it quite frankly, we've slowly turned over our powers to the Federal Government and they have been deceitfully abusing the powers vested unto them without a fight on our part?
Unemployment is rising and the entire global economy is falling. The story has become all too common. If there is a negative direction available to follow, we're definitely taking advantage of the opportunity. Americans became too accustomed to the period of inflation through the 1990s, and the ongoing recession is affecting most everyone. The Big Three automakers (GM, Ford and Chrysler) have made massive cuts to their workforces, and the entire national job market has been upended. My personal life has been greatly distorted due to these events, after Delphi (contracted by GM) outsourced most of their jobs and shut down 21 of their 29 plants in the US. In previous years, anyone would be capable of earning a comfortable wage by working for GM right out of high school. Now that these jobs have disappeared, union wages are no longer available. Unemployed individuals are desperate and working for minimum wage, and are therefore required to drastically change their standards of living. My dad is working seventy hours a week, and we're still barely able to pay rent. The so-called “American dream” has been transformed for many. It was once a goal to obtain what you need to be happy, but it is now just being able to manage to find a job capable of supporting your family. The downfall of the American economy could be accredited to many crises facing our country, such as the subprime mortgage crisis. A few years ago, we experienced an energy crisis in which oil prices soared, and this directly led to the current automotive industry crisis. One could argue that the automotive crisis and the downfall of the Big Three automakers has been solely responsible for bringing our...
America's national unemployment rate is over 10%, leaving many homeowners underemployed or unemployed. Some people have lost their jobs entirely, others who used to work full time are now in part-time jobs, and some families that used to have two working parents are now surviving on a single income. As a result, many homeowners are struggling to make their monthly mortgage payments, and others simply cannot make them at all. Some homeowners who can make their monthly payments choose not to, because their houses are now worth less than what they owe on them.
The government is hard at work trying to create new laws and bills that will help get the American working man back on track. The Obama Administration had recently created a job bill or stimulus package that would end up helping 1.6 million Americans regain or keep their present jobs. One critic, however...
Throughout the course of history, the aspect of freedom in the eyes of American citizens has been surprisingly ambivalent. With the creation of the Declaration and the Constitution early in our country’s lifetime, the element of freedom was undeniably sought. However, looking back at the loosely written intentions of this document, freedom can be assumed unfit for all. The Declaration, promising “that all men are created equal” (U.S. Declaration Ind.), began as a document causing nothing but civil strife from the voices of ill represented minorities. Beginning with a largely unequal society and moving forward with only slight progress, the American government definitely has strong intentions. However, though these intentions may be positive, the U.S. government only ensures our “previously declared” freedoms to a certain extent.
manufacturing have been vanishing at a fast rate and unemployment percent is on the rise, but
Inscribed in the stairwell of the Statue of Liberty is Benjamin Franklin’s quote, “They that can give up essential liberty to obtain a little safety deserve neither liberty nor safety.” Recent reactions to terrorist attacks provide examples of our country beginning to mortgage freedom, and privacy under the mask of protection in times of crisis. Warrantless searches and seizures performed in the interest of national security are becoming more commonplace.
Currently the FDIC has estimated that 5% of homes in America are currently in foreclosure. Providing a solution to this economic catastrophe is complex and will be dependent upon many solutions working together, with each other. It is unfortunate that so many homes are in foreclosure, but we are very fortunate to have a government who has been so generous to bail out banks in their time of need, and help families stay in their homes by modifying their mortgages. The Obama Administration has begun the Home Affordable Modification Program (HAMP), which provides counselors and loan modifications to homeowners who desire to modify their mortgages and remain in their primary residence. Homeowners can receive free help thru HAMP provided by the U.S. Department of Treasury and the Department of Housing and Urban Development (HUD) at website www.makinghomeafordable.gov. This website is a great source for ending foreclosure in America, but statistics provided by the Obama Administration show that approximately only 20% of loan modifications applied for are in a permanent phase, and saving homeowners over $6000 per year in mortgage payments. HAMP has determined this number to be successful with the program expectation.
According to Adkins, this debt affects us in many ways. First, as debt increases the treasury securities (debt that is sold to buyers in exchange for interest and principal in the future) must increase how much is paid back and then some. This will lead to less revenue as more money is spent to pay the interest. Second, treasure securities which are seen as low risk, low reward investments become riskier as corporations will have to increase prices for their goods and services to help meet the increased interest from treasury securities leading to a inflation because money won't go as far. Third, resulting from the first effect, the cost to borrow money to purchase a home will also raise, as the lending market is "directly tied to the short-term interest rates set by the Fe...
First, the lack of job opportunities are becoming an obstacle that is hurting the US. 5.5 million citizens are unemployed without unemployment benefits. Low income jobs now account for forty- one percent of jobs in the US. Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983. The US needs to create better job opportunities
People wind up in debt for multiple reasons. The first reason is credit card. Credit cards are one of the biggest ways people end up in debt due to scams credit card companies come up with. Another reason is student loans. College now being a huge factor in the everyday person’s life, most young adults end up being in debt by the time they graduate. Finally, people owe debt to banks for taking out personal loans. People end up owing the banks hundreds to thousands of dollars due to personal loans. Because of these reasons, people are in so much
Of coures these may not be the only reason for high unemployment figures but certainly an important one. The fear of globalization among skilled and unskilled workers around the world has increased, especially in the US and Europe as they contribute the largest part to the increasing outflows of capital and production. Contrary to that the unemployment in the US has fallen over the past years. There the main problem was and is that the least