Roughly fifteen year ago the United States entered into an agreement with its neighboring countries Canada and Mexico. With the incarnation of this intercontinental free trade agreement; the United States acting as the conduit would not only increase trade productivity for itself but, allot its sister nations to the north and south the same advantages. The North American Free Trade Agreement (NAFTA) is beneficial to America because, it encourages the expansion of job opportunities, abolishes taxes and tariffs that can restrict the flow of imports and exports, and supplies the States with goods and services at lower costs causing profits to increase exponentially. To put you in the right frame of mind the, year is 1991. George H. W. Bush is president, Operation Desert Storm came and went, and prior to the signing of NAFTA, the only trade agreement resembling it in North America was the Canadian-United States Free Trade Agreement (CUSFTA).
Datamonitor 360. Retrieved July 24, 2011, from http://360.datamonitor.com.yosemite.wbu.edu/Product?pid=4B88005B-C9E0-41A1-B4DF-C98150C32AC Raytheon Company : Investor Relations : Financials. (2011, March 1). Raytheon Company : Investor Relations : . Retrieved July 24, 2011, from http://investor.raytheon.com/phoenix.zhtml?c=84193&p=irol-reportsannual
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The American Recovery and Reinvestment Act was signed into law by President Obama on February 21, 2009. The law had three major goals which were all aimed at stimulating a sluggish US economy. The first goal was to create new jobs and save existing ones by tax credits for hiring new employees. The second goal was to spur economic activity and investment in long term growth by increasing the amount of business asset that could be acquired by companies while allowing for immediate deductions for the cost of the assets as well as numerous tax credits for individuals and businesses. The third goal was to foster unprecedented levels of accountability and transparency in government spending by requiring recipients of recovery act funds to post acknowledgements on the Recovery.gov website.