Friday, October 17, 2008

summary of American want more regulation of economy

Statistics show that almost 75% American citizens believe that regulation deficiency conducted American financial crisis. In fact, the terrible economic situation has already influenced the common people. Therefore, American people hope the presidental condidates, who will able to settle this kind of problem in the future. Moreover, the official investigation reflected its concern in bad American economy. Almost all respondents were concerned about their financial security.
The very important thing is how government handle the economic crisis vbefore the new president is elected. Furthermore, the new president of United States must solve six economic problems which are rather important such as tax increasing, homeless people and unemployment rate. However, there were some arguments regarding the regulation. Some people say there was a little regulation and some people say there was too much.
However, in previous years, people didn't want too much regulation, even economic crisis happened, but today, a lot of people want to pass some new laws no matter they come from republic or democreatic party as well as they are rich or poor.
On the other hand, some people think the goverment don't need to make some new laws for bad economy. In fact, greediness was the big issue that has to solve at present time. for instance, Lopez, who is a old lady living in rural area, was a rather conseicative woman. she saved her money in a triditional way that was a safe approach when enconomic crisis happened.

Usually, when people think the economic situation is pretty good, the conomy will be decrease. Oppositely, when people think the economic situation is pretty bad, the conomy will be increase in the future. That is the circulation of the economy.
Compare to the rich people, the poor people, who were innocent, prefer to support for the 700- billion relief package.
On top of that American residents also have different opinion about the rescue bill. American common people hope the 700 billion should go to some local banks that can help people pass the difficult period.


personal response:

Taking into account the autour's opinion, I can come to the conclusion that there was a big discussion about Ameican economic crisis. In my opinion, I am agree with most of the concepts such as rescue bill, helping homeless people or common people and economic rules. However, I am disagree with the point that use 700 billions bucks to help the rich people who was the leader in the big ensurence company or investment bank.

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