Wall Street Journal On Obamanomics
One of the most effective ways to learn about Obamanomics is to read the Wall Street Journal on Obamanomics. The Wall Street Journal is one of the oldest newspapers in the United States and is so well respected that they have not changed their format to conform with other newspapers that often splash large headlines across the top in an effort to sell newspapers.
When you read the Wall Street Journal on Obamanomics, you can get an overview of the new economic policies that are being introduced by Barack Obama, the President Elect of the United States. Obama plans to enact these policies when he is sworn into office on January 20, 2009.
Wall Street is part of the reason why Obamanomics have been in the news as much as they have. Investment banks that once ruled Wall Street, which is the financial district in New York City, have folded and the federal government had to rescue both investment and commercial banks. Wall Street is no longer as it once was as the collapse of some of the large investment banks and the purchase of others has changed the face of the financial market as we knew it.
The basic concept of Obamanomics is to tax those who earn the most money more in taxes - this applies to individuals as well as business. You can read the Wall Street Journal on Obamanomics online and discover how this can affect you. The idea behind Obamanomics is similar to the economic plan developed in the early 1930s by President Roosevelt to help the country out of the Great Depression. This was the economic plan that the nation followed until the 1980s when businesses began to get tax breaks in order to allow them to grow. The idea behind backing businesses has always been the concept that the more a business continues to grow, the more employees they will hire and the more those employees will be able to contribute to the economy of the nation.
This is also called the trickle down theory and, in principle, it can work. But in order for the money to trickle down to employees, employers have to be willing to settle for less and share the wealth with their workers, who are the backbone of their industry.
The United States has always operated under the assumption that businesses create jobs. But with many businesses taking their jobs overseas, this has turned into a problem for American workers. The Wall Street Journal on Obamanomics can give someone an overview of how the economy is supposed to work and how it is not working as well as what needs to be fixed.