Turning the Economy Around

Michael McCarthy Professor Collins COM1101-Composition and Rhetoric 25 January 2009 Turning the economic system Around Barack Obama campaigned for change in America. The American public has spoken, and they desire change. Change, change, change. Everyone wants change. Mr. Obama can change the landscape of the national economy by focusing his attention on the banking, the automobile, and the housing industries. Foreclosures are at an all-time high. professorship Obama could solve these problems with one new equity: exempt all the mortgage debt of every American. Presidents pardon criminals and forgive foreign debt all the time. If the United States can forgive billions of dollars in foreign debt, then the president needs to start doing the same(p) thing right here at home. If the president were to ramble an end to any to a greater extent foreclosures, then the banks would not be able to lose any more cash than they already have lost. Coupled with the huge amounts of bailout money already divergence to the banking diligence, the bankers might even come out of this making a profit. If forgiving mortgages is not enough to put the banks back in the black, the president could apply the same law to credit wit debt. It is a great solution for everyone. Banks are not losing money anymore and the American public sheds most of its debt.

The next flavour the president should take is to nationalize the auto industry. General Motors, Ford, and Chrysler, cognize as the Big Three, instantly become the Big One. With the national government signing the paychecks, there would be no more need for furloughs and layoffs at the assembly lines. There would be no more running out of money with the Federal modesty in charge of subsidizing the industry. The president could put everyone in the industry back to work. Factory workers could start working overtime again to begin making up for lost wages. That would stimulate the economy. President Obama, by instituting a wage freeze on ovalbumin House staff earning $100,000 or more, has... If you want to get a full essay, order it on our website: Orderessay

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