Newsmax on Obamanomics
If you read Newsmax on Obamanomics, you can learn about the new economic policies that are being introduced to the country by the President Elect, Barack Obama. The United States has been in a recession for the past two years that began with the crash of the housing market.
Obamanomics is the economic policies that are being proposed to the public by United States President Elect Barack Obama. Newmax on Obamanomics explains just how these new economic policies can affect everyone.
Actually, Obamanomics are not really all that new economic policies. They are the basic economic principals that governed the country from the mid 1930s to the 1980s. They worked well for 50 years and saw an increase of the middle class. Prior to the 1930s, there was a huge disparity between the working class and the wealthy in the United States. The new economic policy as well as the results of WWII helped the American middle class begin to thrive. The average American worker could now afford to own a home and buy an automobile, luxuries that were once reserved for the wealthy.
Newsmax on Obamanomics also describes how the country fell into a recession in the mid 1970s. The economic system did not seem to be working any longer as the United States grew increasingly dependent on foreign oil and other imports. A new economic policy was needed and was instituted in the 1980s. This was designed to give businesses the opportunity to grow and thus create new jobs. These new economic polices are often dubbed Reaganomics after President Reagan. Like FDR, President Reagan began a new set of economic policies that worked well to get Americans prospering again. And like FDR, Reagan was also very well liked. The economic policies worked for a while and then began to stop working as companies began to find cheaper labor overseas and began outsourcing many jobs to other countries.
Newsmax on Obamanomics can explain the current recession the country is now in and how it all began with the collapse of the housing market which started to deteriorate shortly after September 11, 2001. The terrorist attacks on 9/11 took a huge toll on the economy, one of which the economy never really recovered from. The current state of the economy in the United States is a marked recession that is not only affecting Americans, but other nations around the world.
The need for a new economic policy is outlined in Newsmax on Obamanomics. The new economic policies are designed just like those in the 1930s - to help out the working class with tax breaks and force larger companies to keep more jobs in the United States.