While choosing a topic, I was skimming through our english 111 book. This article really stood out because I can relate to it. In economics we are actually currently learning on it. It was called behind the curve and described the different steps president Obama took to help with unemployment and economic problems around 2009. In the article they are extremely skeptical to what his intentions actually are and if whether or not the spending has in fact actually done something to help with the current circumstances. Although we are in great debt and it could be too late what he did was exactly what any other president would do. In Econ we talked about the two different types of economics Keynesian and Classical. These two are almost completely opposite and of course it explains what President Obama is and why he made the decisions he did. Classical is when you pretty much believe the role of the government should stand for Liberty and let everything really work out. And Keynesian is spending money through the stimulation through public education, investing in science or discoveries, DEBT, medicare, social security, and etc. Through this you really get the perspective of peoples thoughts. I would personally suggest that the article in the book would be biased and written more towards a classical approach, mainly being that they disagree with what President Obama has made decision wise, and think that all this spending is not a great idea.
Whether or you are interested the article is in our book on pages 402-403.
No comments:
Post a Comment