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Keep it in the Country
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Essay by:Sarah Kirby
Emporia State University
It’s true our nation is currently suffering from an extreme financial crisis. It seems as though the crisis could be blamed on countless itineraries of different leaders in the country and the events that have taken place over the last decade. Some individuals believe that our economic issues derived solely from the war while others view it as only a problem created by greedy mortgage collectors and still some individuals don’t even believe that America is struggling. Although America is in a recession it seems to not be as intense as intense as the depression of the 1930’s and although it is not, it’s important to acknowledge that if something is not done about our economic issues America could potentially, and very soon go back into a stasis much like the depression of the 1930’s if not something even worse. In order to defer this from happening, some reforms need to be made in order to create financial and economical stability and create a healthier future for America’s finances. The best reform to attain this goal is to give to Americans, create green jobs and bail out GM.
The first step in attaining economic stability is pull out of the war in Iraq. Everyday that America takes part in the war we increase the national debt not by hundreds or thousands but 100’s of thousands. American business also need to quite outsourcing jobs. Everyday that jobs are outsourced overseas American corporations are only contributing to the unemployment rate. Congress should also be providing major tax increases to those company’s that are outsourcing and as an incentive give those companies that are not outsourcing major tax breaks because they are keeping jobs and employment opportunities in America. In addition the government should bail out companies like GM and Chrysler, all of those automobile companies in Detroit because they contain such a high index of jobs that are in America. Although, they are doing poorly it’s necessary and essential that America have some company that is making those types of machines in America because it helps with oversea shipping cost and provides America with definite forms of transportation if there were to be a crisis of some sort. The motor companies of Detroit are also the center of the huge metropolitan area and are the building block for that cities mentality and family structure. Taking away those factories will destroy the entire cities makeup or jobs and services.
Increasing green jobs is essential for restoring a healthier economy. America needs to increase the amount of transmission lines in the nation. Increasing transmission lines will increase how much and how fast we can transport electricity, it will also help to create jobs. By completely rebuilding or adding on to the electrical grid in America, the nation can be more efficient. Right now the nation can not move electricity fast enough, thus it then has to burn natural gas and coal. This also forces green energy saving resources, such as windmills, to be turned off because the electric lines either can’t transport the electricity fast enough or there is no where else for the electricity to go. The government could inevitably sell to Canada the extra electricity we had, that is if there were transmission lines connected to Canada, to help pay off the national debt. Once the transmission lines had been built, America could then build even more greener energy saving alternatives and continue to try and become as energy- efficient a nation as possible. Also America would need to step up the research and production of federal electric sells and it all needs to be done in the U.S. and not in China.
The federal government should give money to American’s and not bail out the financial companies like Morgan Stanley. For example if you give $10,000 to every American they will do one of four things with the money. They will pay off credit cards, pay off home loans, invest or buy a color TV or some personal item. Homeowners who are in debt should pay off the bank’s first thus meaning that eventually the banks will receive the money they need to counter balance all of the mortgage loans that are putting them in debt. It would also be a stimulate package to small businesses and homeowners trying to do there own thing. Also to tie into the idea of companies like Morgan Stanley, I think that should be more corporate responsibilities and the CEO’s should be getting very little money. No bonus or raises for upper management in those struggling corporations. Needless to say there are endless possibilities to solving the financial crisis however, these suggestions are solid enough that they would truly make an impact and help the America towards economic stability.
»A new report finds the main problem in getting the public to deal with our fiscal problems isn't opposition to tax increases or spending cuts -- it's their lack of trust in the government to spend their money wisely.