Election Day is over. What are the implications. Comment on at least two of the 4 areas in this Economix article.
Wednesday, November 08, 2006
The Election is over. Now what?
Election Day is over. What are the implications. Comment on at least two of the 4 areas in this Economix article.
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3 comments:
Global warming is a problem that needs to be solved now in order to protect our future. The idea about the energy tax to try to cut the amount of carbon dioxide being released sounds like a good one. This would get people to pollute less (who would want to pay another tax) and it would also force those who are polluting a lot to pay the price for it. Our country needs to be the one to start the stop to global warming. I hope that in 2008 there will be a few candidates for president who care about the environment; it is something I will be listening for.
Living standards have been decreasing since the presidency of Reagan. The supply-side economics began an increase in the wealth gap, where the rich are just getting richer and the middle class is starting to disappear. Immigration also could be affecting this. Many of the immigrants are willing to work at lower wages than most of us are, taking jobs away. And there are the families who send money back to their home countries, which could be making the value of the US dollar decrease. The immigration policy noted by Benjamin Friedman could also be brought up by a few candidates in the next presidential election.
With lack of health insurance in the health industry today many people are getting sick and unable to afford it. If health insurance isnt supplied by your place of work chances are you dont have it because it is made so expensive by isurance companies. The health insurance companies are aware that generally people in the market for health insurance are the ones who are most likely to get sick. Many states are addresssing this issue and pulling together healthy and sick uninsured peoples to buy a medical plan. But this particular plan fails to address the rising health care costs. By adjusting these costs medical costs companies will have to cut down expensive drugs and procedures which have yet to be proven of much importance.
It has been determined that the effects greenhouse gases, global warming and all the effects it has with it such as hurricanes and floods will reduce economic output by 5%. People when thinking about global warming they generally dont factor in the effects it will have on the economy and the only way in which people may reduce global warming through the government is by taxing energy consumption.
Global warming has been and is still one of the topics that should be addressed by politicians and is repeatedly not. Many people still believe that global warming does not exist, and glaciers and polar ice caps are melting more every day. If anything is going to happen, politicians need to admit that a change is necessary.
The living standard is also a topic of debate. Benjamin Friedman's belief is not necessarily a correct one, in that our standard of living would go up if fewer low-wage workers immigrated into the country. They do many jobs Americans would not be willing to do, and in taking these jobs, immigrants give American opportunities to take better jobs. I agree with Suzanne- If more doctors and scientists came, it would discourage Americans from trying to get better paying jobs.
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