Macroeconomics

Full NameProfessor s NameCourse /Subject NameDate SubmittedPresident-elect Barack Obama s Economic PoliciesAs the global economic crisis worsens and as the joined States begins to go into recession , United States President-elect Barack Obama s is left with a Herculean task of resuscitating a devastated economy by his antecedent , outgoing President George W . Bush . Many experts trust that the current crisis is reminiscent of the Great Depression which also devastated economies crosswise the globe . At present the situation is getting worse - the incomes of most Americans have fallen into new lows the unemployment rate has significantly change magnitude (6 .5 per cent , and the national budget has reached 10 cardinal (Sussman n .p . In this regard , even at the fix of his presidential campaign , President-elect Obama has outlined his economic plans and policies that would help the American economy rec everyplace from the crisis .

These plans are already in front even as he has yet to be officially inaugurated as PresidentAccording to Obama , the first step to economic recovery is to learn the underlying riddles . One major problem of the economy of the United States is that the wages of the people remain stagnant even as prices goods and other necessities continue to rise . College in-state tuition fees have increase by 35 per cent over the last five years while the cost of health care has increased four times greater than the amount of wages over the past six years (BarackObama .com . Another major problem is that the...If you want to get a full essay, order it on our website: Orderessay

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