The Economy and the New Year

Author: none
Found: NY Times opinion section

In the 2008 article, "The Economy and the New Year," describes the downfall of America's economy and how we can bring it up in the new year of 2008. Most people can see that our economy is spiraling down and George Bush is in total denial. He believes that the economy has a strong foundation and is stable. Bush is probably referring to rising wages and low unemployment, but wages are not bypassing inflation and the creation of jobs are slowing. During the Bush administration the economy has grown in a peculiar way. There is one step forward and two steps backwards. The rich has become richer and the middle and lower classes are still waiting for an opportunity to catch up. The growth in exportation has not led to more manufacturing jobs. The areas in which the economy needs the most help, the Bush administration has done little progress the situation. The administration's worst mistake is not preparing for the worst. Bush is still in denial and cannot face the seriousness of the situations that he has created. The only real hope America can get is the reassurance and the proof that the economy issues will be taken care of.

Tone: disappointed
AQ: Will the economy issue improve with the newly elected president in 2008?