Wednesday, July 8, 2009

No Recovery in Sight

We are all aware of the ills of our current economic environment. There is no doubt right now that America is in a recession. Even in this bad situation, politicians tell us that the recession is going to end soon. Though these words serve to relieve our stresses, Bob Herbert takes us out of that fantasy and reveals the reality of the situation. Herbert claims that the economy is even worse than what it was forecasted to be; with the unemployment rate skyrocketing. He also claims that even if the economy is to recover, this recession has already left a permanent damage to our society by cutting employment to young Americans. In this article, Herbert argues that politicians are ignoring these daunting statistics and that these facts should be held with more importance.
Other than a few more fact to exploit the flaws of our economic structure, there is really not much I could say in response to Herbert’s argument. I agree with all of his negative remarks about our economy. Herbert uses qualified statistics and historical evidence to support his position. He also accompanies these facts with recent events and findings. I believe Herbert does a great job in affirming his point of view. I would suggest that he puts more statistic and facts to support his arguments. Our nations debt was over trillions back in 2008 before the recession. As our employment rate is decreasing, our wealth gap is increasing; more money is going towards those that are already rich and less is going to those that need it. Our middle class is diminishing meaning that even after the recession the poor does not have a bridge to obtain wealth. All these issues are challenges that are not explicitly addressed by the federal government that I believe could have made Herbert’s argument that much more effective.

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