Thursday, May 15, 2008

Elections with Recessions

With every election in history there are major issues to be discussed. Those issues involving war, foreign trade, and economy could be best known as the perfect equation to a recession. With every recession comes a heighten sense of need for change. The efforts of candidates since the first recession of 1797 all the way to the 2008 recession has brought great ideas to the table to bring the economy to stabilize. With 2008 elections going on right now we have a recession involving a barrel of oil being $110, the down turn of the stock market, household mortgages, and a war that has been going on longer than expected. The American people have seen this not just once but multitude of times. The 2008 recession has been discussed of being the top 3 recessions in the United States history. The other recession that has been closely related to the 2008 recession would be the early 1980’s. Where the recession had brought about oil prices that had sky rocketed, inflation caused by post war, unemployment reaching a little over 5%, and the banking crisis that had brought major issues to the table for elections of 1980. Now compared to then there really is not too many issues that are different expect for the time period that the issues were involved around. During the election of Ronald Regan and Jimmy Carter one was the biggest issues Reagan had brought into effect was to address emphasized economic recovery and putting all Americans back to work. He called for fewer government regulations and lower taxes. Now in the 2008 election John McCain has gone about talking about make this economy do a 360 by late 2009 by bring the recession to an end with tax cuts, improvement in unemployment and closing the gap to the end of the war. The recession right now in the United States is difficult to live through but will be changed in the near future with new ideas and polices on the table by whomever becomes the 44th president of the United State of America.

No comments: