The Economic Crisis in America

We argon red through a crisis that is sweeping the nation and touching our raft greatly. I will be discussing terrorist snipes the struggle in Iraq, the locomote accommodate merchandise, governments gageing step up program, unemployment and the natural disasters which take on played a appoint role In the direction our state of matter has taken In the xx graduation exercise century. I will provide In-depth illustrations on how each subject has Impacted our economy and social circumstances. Each piece fits together handle a puzzle and creates what we now stand The State of Emergency.Are move into into what could be live onn as next great depression? commitfully our government will act steady and dig us discover off this rut that were ar headed toward, before it is too late both over centuries tribe from all over the world chip in migrated to the United States for the hope of living The the Statesn Dream. This country has stood for inalienable rites such as freedom of speech and religion. These specific in good orders know attracted millions to migrate into the United States. Immigrants have been driven present for the opportunity to prosper m singletaryly and spiritually.Its for this reason the States has rowan into sensation of the most powerful countries in the world. Other countries olfaction up to us as an example of how to lead their own countries. inside the United States its a antithetical story. Since the industrial age come out of the closeted the flock of America have be fuck off esuriencey. One of the most common phrases amongst Americans is l take my children to have every topic, I didnt have. This mentality has placed our country into a State of Emergency. This country has raised more generations to pose this believe and created a self-centered panache of life.Now we have the rich, who get richer and the poor ho live to get poorer. Since the beginning of twenty beginning(a) century we have go ab forbidden one ordeal after other. How has this affected our economy and culture? Lets revisit what has followed in the last eight yrs. We elected a new(a) chairperson in 2000 ( George W. scouring), September 1 1, 2001 (terrorist attack), war on terror, war in Iraq, foreclosures crushing the housing market, bank bail out program, unemployment on the rise, and the election of the first African-American chairperson ( Barrack Obama). This is not touching on the natural disasters that our country has faced.Has America en her last old age of laurels or will she bounce back like she did during the Great economic crisis? Hopefully, our newly elected President has a plan that will baffle us out of this depression that we have fallen into. What will happen next? Is America at the point of no return? If you learn the past you will find that America was strong enough to castigate it. We had and have the power to bounce back. We need to come together as a country and get together to get thr ough these toilsome propagation. Most of the issues we have faced today may not have affected us if America as a society in truth believed in teamwork.In public we be taught to be a team and in private taught to sense of smell out for ourselves. The failure starts with our children. Have we taught our children how to survive in a society like we have today? Actually, the question should be has society taught the adults, to love your neighbor or the love for self- indulgence? This is a question that we all have to answer for ourselves. Election That November we elected George W. Bush to be our 43rd President. In 2001 less than a year from electing our new President on the day of September 11 a terrorist attack came upon the United States like a scene from a Hollywood movie.Four planes had been overtaken by members of the terrorist group, AY-Qaeda. One hit the Pentagon, two targeted the Twin Towers in raw York City, and the last plane was headed for the the States Capital, when p assengers on the plane fought back and the plane crashed in Janesville, Pennsylvania. That day 2,974 community died, 19 more died that were terrorist. We still have not open 24 people and atomic number 18 presuming that they are dead. This is not computation the people that were killed in the line of duty, several(prenominal) weeks later they estimated the death gong to be over 6,000 in all.Fear did not on the button trite Americans entirely people all around the world. One of the biggest shocks was, when we learned that these terrorist had been taught how to strike down planes here in the USA. The first thing the authorities enforced was changing the bail coming into the country. Then we went on the offensive and went after Osama Bin take away and his band of rebels. We sent our military to Afghanistan to find and stop AY-Qaeda (being harbored by the Taliban). first of all we had to remove the Taliban to get to AY-Qaeda but they are potent to find because they are hi dden infra cover in the Pakistan Mountains.The economy was affected because New York came to a halt due to the destruction of the fall of the Twin Towers. breakwater Street closed down for the rest of the week. Flights were stopped for several days leaving people stranded all over the country. After this, people were afr forethought to leave home much less get on an airplane. So many employees lost(p) Jobs because of this act of terrorism not respectable in the area hit but all around the country. It in like manner changed our society in so many shipway. The trust was gone everyplace you looked there was a possible terrorist.Fear, anger and outrage took over, but for many sorrow and regret. Never-the-less the one good thing that came out of the attacks was that for one glossy moment the American people became one. Now it is 2008 and we are still judgement the pain of that horrible day. The War in Iraq Then in 2003 we invaded Iraq on with a coalition of other countries on t he grounds that we thought they had nuclear weapons (weapons of mass destruction) that Sad Hussein would not disarm and because he was supporting terrorist groups such as the Taliban and AY-Qaeda along with the religious sect the Jihad.The Arab nations looked to Sad as a hero for standing behind Palestine which had been at war with Israel since Biblical times. America kept a close eye on Iraq with apprehension since the early sasss following the Persian Gulf War when the first president Bush was in office. Then on December 13, 2003 the news came in, Sad Hussein was captured. Three years later, on November 5, 2006 he was found guilty by a new Iraqi Government that the USA had helped them to establish. On December 30, 2006 he was executed by hanging.The changing times brought on by September 1 1, brought the American people together and indeed the Iraqi War really tore the American people apart. Americans were figureing a trend happening and were afraid of other countries decorou s involved or the start of World War Ill. This scared largest anti-war trounce in history where over 3 million people be this rally. This demonstration was held in Rome, Italy. American troops are still in Iraq today helping to stay on the peace and they will be there for several more years. Housing Market Falls In the year 2006 we started to see the housing market shift into a downward roll.For several years before everywhere you looked you saw a new housing subdivision under development. Then all of a sudden we started to see the same housing sites sitting empty. In 2007 the foreclosures in the housing market started growing at a fast pace. It was amazing how fast so many Americans were losing it all. Everything they had worked so hard to provide for their families was vertical disappearing. Then in 2008 it was still moving in that downward motion. More and more families are losing everything. The housing market is still in a downward spiral with no relief in sight for the h ouseholders.However, the banks that would not help the homeowners interference in the homes are getting help from the government. Many states, such as Florida, had help from the Florida Government to try to keep homeowners in their homes but, this only worked if the homeowner and bank were both in Florida. In 2008 the foreclosures were at record highs month after month. This has hurt our economy very badly. The society we live in has changed for this same reason. People have to learn how to adapt to a different way of life. In which, can be hard a thing to master. It is much easier to adapt to a moving up the food conca decennaryation than down the food chain.This has raised the unsettled rate to new senior high school here in America. Many have had to depend on the wellbeing system to support them and now have to seek refuge in shelters. Charlene S. Onto wrote in one article in May of 2008 that, According to an April 2008 embrace by the National Coalition for the Homeless, th e top 10 states with foreclosures attributed to 73% of the homeless. These are astounding figures and it shows us that we have a much bigger problem than we think. Banks are Bailed Out The next thing to happen is that the banks and financial intuitions of the United States are in financial trouble.The foreclosures severely hurt the banks. In 2008 twenty-two banks have already collapsed. This is up to now with the bail out piece of ground of a $700 million dollars. Whats next? How is the United States overtaking to heal from this coarse loss of financial support? Of course the banks can no overnight give out loans to the secondary business owners this means many of the small businesses will be the next thing to fall by the way side. Other large corporations are Jumping in on the bail out band wagon like the American railway car Makers.The Government denied the auto industry help, once the press unleashed the truth on how they first need to do their win cut backs. They truly h ad the nerve to fly into Washington DC in their private planes that address the companys around $28,000 dollars to induce this round trip, when they could have taken a coach flight for under $600 dollars. They are asking for $25 billion of the $700 billion bail out package. What does our 44th President Elect think Obama, said he believes aid is needed but that it should be provided as part of a long-run plan for a sustainable U.S. Auto industry ? not just now as a blank check. Now once Obama takes office as our 44th President of the United States and the Democrats take the majority in congress, the Auto Industry might Just get the money they need, to keep from exhalation bankrupt. Yes, we know that if some help doesnt come, our way of life is passing play to come to a stop. If you are watching the stocks on Wall Americans are Just hoping that briefly it will at least stabilize, so that we can work at fixing the problem and to know we are on the right path.Today everyone is p laying the blame game and we all need to realize that in some ways we have all contributed to the crisis that we are now going through in our society. Unemployment Rises Now e know all of the things going on with the economy, but how has it affected the unemployment rate. It definitely has restructured this area. If the banks have no money for loans because the banks are going under, because of the housing market foreclosures that has brought them down. Now we have another problem. Companies are forced to lay off employees in order to keep their businesses going.This becomes the next crisis. Unemployment is rising fast according the Agency for Workforce Innovation. In Florida the unemployment rate has hit the highest it has in fifteen years. It is now at an intermediate of seven percent, but in some counties like Flagler, it is above ten percent. Just about everywhere you go you meet someone else with a story of their company releasing them. Will this affect the housing crisis even more? Of course it will. How is our government along with the people of America going to fix our problems?The main thing we can do is no function what social class or race we might be is look at the problems and try to do our part to fix it. American people need to stop looking to the government to fix everything we all have a voice and need to learn to use it. congenital Disasters over the past few years the economy has suffered because of the natural disasters from hurricanes, flooding, tornadoes and wild fires. The cost to rebuild after a natural disaster can be soar into billions of dollars. Just look at the devastation this tornado in Oklahoma caused on Mothers Day 2008.Look at Just how big an out of control this fire in California became and how it eats everything in its path. Natural disasters are likely to hurt us in more ways that the rest because it can take over your life so fast and most working people dont have the funds to Just start over. It is devastating to loos e everything you have and even some family members. It is amazing to me how our country will come together in these times to help but, in others like the economy everyone Just points the finger. Satellite view Satan 2005 $81. 2 Billion Quickie $27 Billion Wilma 2005 $22. Billion Charlie 2004 $18. 6 Billion Hurricane Strain These are some examples of the cost associated with a hurricane. Alabama Florida 14 Georgia 2 2 AltaVista 1,577 Mississippi 238 Total 1836 The death tolls are also astounding after one of these storms. You can see in this hart based on Hurricane Strain in 2005 This is not mentioning the 705 people missing. Personal Reflection Unfortunately, I was one of the many who lost their home. It was foreclosed on in September 2007. I lost my Job because my company make a decision to out source position.I had a very hard time trying to find a Job and when I last did the income wasnt nearly the same. First, I tried to keep my house and my car was repossessed, then because I was already so far behind I lost my house. Things started getting better for my family in early 2008. I found a good paying Job and so did my husband. That summer my husband, who is a reasoned equipment operator, lost his Job once the project was finished. Within two months are other car was repossessed. Thank God, my Job was walking distance. What I didnt know was the next day I was going to be laid off.So here I am no car, no Job, no bus lane close, and no phone. What was I going to do? I made a leap of faith and I am going back to school. I finally received my income tax and bought a cheap car and Just keep looking for a Job. Hopefully, one will come soon since I am about out of money and will be out on the street and raising the homeless rate by four. I view our country as a great one full of opportunities, but it is in trouble. Everything comes and goes, we Just have to remember that we are strong and life will get better.My hope for this country is that our newest President will have the strength to fight the wrongs that hurt our country and the lenity for the people that really need him. To help those of us that has fallen with the economy. I hope to one day see an America where we are all, actually equal, that social statuses are erased and that economic status shows us how we help one another when we are in need. Personally, I feel that the government unavoidably to be eloping out the families in America more than the banks and auto companies. For example and they could buy a home and cars that would rebuild the economy.Not to mention the taxes on the money, homes, and cars that would be paid back to the government. People would be off the street and banks would have gotten rid of all the foreclosed houses. It would raise the housing market if people were competing for them. In my opinion, I see a fix that could be better than bounteous aid to the banks because, they still are having problems after the bailout. Self-indulgence or greed has ruled this country for long enough. I wanted to have it all and once I had it still wasnt enough I wanted more.