Wednesday, October 31, 2012

Job and Economy


The United States is recovering from one of the worst economic recessions since the Great Depression. As politicians, political scientists and economists map out a plan to boost the economy; hundreds of thousands of Americans are still unemployed. Americans wonder, what roles will the government make in creating jobs? Will the next Massachusetts congressman formulate an economic plan for the 4th congressional district and government to create more jobs? 

In order to a build coalition and make consensus to help move America forward, Joe believes voters need a leader who can bring the nation together despite the individual differences on various issues. The American economy needs a balance mix of spending cuts and revenue increases in order to promote economic growth. The backbone of the economy, in particular the 4th District is small businesses. In order to improve the economy, Joe’s economic plan consists of three elements:

1.      Access to capital in a tough credit environment
 
2.      Ensuring an educative work force
In the state of Massachusetts, 200 000 people are structurally unemployed and there are 130 000 job openings that require the skills that the jobless do not have. If elected, Joe plans to push for a better education system by strengthening the community colleges and vocational schools. In doing this, it will encourage graduates to have the skills sets they need to enter these particular jobs.

An example is Massachusetts Medical Device Manufacture in Franklin. The company is searching for people to hire but they cannot find people who have the skills they need to fill the vacancies right away; these jobs pay $40 000 or $50 000 a year.[1] At the same time, Joe is aware that the Community College at Commonwealth has workforce development programs, they have put together for re-training individuals for those who have lost their jobs because of some companies being sold or bought out.[2]

3.      Need to put America investment capital to work

Joe will team up with congress in creating a plan that removes the uncertainty from the market. That being said, by eliminating the uncertainty from the market a real investment plan can be formulated that marketers have faith in and that the American people can believe in.             
[3]

  

Analysis/Critique on Opponent: Sean Bielat
 

Also a strong supporter for pushing government to create more jobs, Sean agrees in mapping a new economic plan but disagrees with Joe’s inactions of solving the economic state by a mixture of spending cuts and increasing revenues. Instead, Sean believes, in order to boost the economy it requires government spending and tax reliefs. Sean heavily favours tax reliefs for Americans, especially in the 4th congressional district.  Tax relief allows families and businesses to make decisions. Agreeing with Sean’s plan on tax relief, families and business are able to take control of their own finances. An individual would have in the family’s best interest the things they require/the necessities need during the time; as well as, a business having the knowledge if needing capital to gain growth in the business. The result of Sean’s economic plan is it gets a more efficient allocation of capital then would under a government spending program which is focusing funds on districts that have political power influential representatives.[4]  

Both candidates have good ideas about how to boost economic growth. However, their approaches differ from each other. Although Joe finds that a mixture of balancing spending and increasing revenue entails a forward moving America, about half of the discretionary spending, which is a third of the budget, is defense spending. [5] Sean expresses the concern on the un-necessary spending by the American government. Once getting rid of spending there will be more room for economic growth. On the other hand, Sean’s economic plan does show a downfall spiral. When elected Sean plans to support and implement the Paul Ryan budget plan. Meanwhile, the Ryan budget introduces vouchers which people can use in the private health market. It cuts Medicaid for those who depend on it; cuts a million of students off federal Pell Grants in the next decade; cut two hundred thousand students off of Head Start Program in 2014 alone; cuts three trillion dollars in programs for working families and passes a tax break of nearly four hundred thousand dollars onto the average millionaire.[6] 

Sean’s support for the Paul Ryan budget would not help America grow. It would increase the income for the average millionaires and cut a lot of federal government funding and programs that is needed for many Americans.  Voters would have more faith in Joe’s economic plan as he demonstrates knowledge in pushing government to create a long-term debt and deficit approach that removes the uncertainty from the marking place and allow businesses to grow. However, at the same time, if Joe is elected, he can use Sean’s idea of giving money to back businesses and families. Not only will help stabilize the economy, but as well, supporting/helping have the markets grow capital.

 


Work Cited 


The American Dream Debate (Part 1/5) http://www.youtube.com/watch?v=kHU2ug424ik&feature=relmfus 




[1] The American Dream Debate (Part 1/5) http://www.youtube.com/watch?v=kHU2ug424ik&feature=relmfu
[2] Ibid
[5] The American Dream Debate (Part 1/5) http://www.youtube.com/watch?v=kHU2ug424ik&feature=relmfus
[6] Sean Bielat- Joe Kennedy III Debate at Wellesley College (Part 2/7) http://www.youtube.com/watch?v=IFi1eneZOrw&list=PLRe0KrUwWVHmPiX1pQ2FTNn6MuGeVaysQ&index=11&feature=plpp_video

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