Why The Economy Doesn T Roar Anymore Summary

The article, “Why The Economy Doesn’t Roar Anymore” by Marc Levinson of Wall Street Journal was about the United States economy, and others surrounding and why their economy’s don't exactly make notable success in this day and age. The article explained that the 25 years before 1973 were the most prosperous in our global economy’s existence. This was mostly because of WWII causing full employment in war production for many economies around the world. Not only that, but many ideas were coming about. For example, the inventions like the computer, the light bulb the telephone, all created an overwhelming amount of productivity, which in turn birthed the best era in our economy. Though, innovation has begun to slow and lower the amount of productivity, thus ending that era of prosperity. The WSJ says that this level of economic growth may never be achieved for the second time. at this time, the economy struggles to grow a mere 2%, which is really nothing to brag

It makes the exclamation that our president has put manufacturing in bold and increased our exports by a whole 5.5%, a notable growth. CNN says that because of this, and manufacturing our own items, and exporting goods to other countries, we are headed on a path to a stronger dollar and a more prosperous economy. Having this kind of growth in our country, not only creates more industry, but it creates more jobs, and having more employment is, in fact, an important part of a healthy economy. Not only that, but we have been taking major tax cuts on companies which gives them more room for growth, some companies have even talked about giving their employees bonuses and raises, a promise of a good economy. This article shows that the American economy isn’t getting worse, but instead headed onto a path of