Economics and the Budget Group #1

Economics and the Budget Wrap-Up

2004-12-31T20:15:00.000-08:00

Our Topic covered how the Election and Politics affected the Economy and the budget. We felt that our group discussion was very thorough and well organized covering a broad span of areas within the topic. Our blog spanned such areas of the economy like governmental spending, the economic plans of both candidates and the possible results of the changes that would be made. We also discussed the responses of different industries to the election as well as the overall effect of the election on the economy. The plans to reduce the mounting deficit were a key issue as well as a special area of interest to our group. The entire group agreed that this is one of the most pressing issues to be addressed in the next four years. Looking closely at the mechanisms of the economy caused the group to have a new and better perspective of how every part of the government is entwined. Each learned something new about the way that the economy works. Each part considered attributed help that showed the delicate balance between the areas. The economy of the United States is a vast and complicated subject. This blog only scratches the surface of the information about the topic that is available. This assignment has sparked the interests of the group members in the world of economics and economic policies. Hopefully, this has inspired the group members to continue to follow the progress of economic state of our nation into the next four years and beyond.

where did this come from?

2004-12-06T21:09:00.000-08:00

Sadly to say, I have no clue where this blog came from, I wrote it based on article I thought was on the blog and that I thought I had gotten from the blog but for some reason it no longer exists, I can't find the article online anywhere, if I do I will post it ASAP but I have other things to do right now, sorry. hope you like the comments anyway, or maybe you can find the article and surprise me with it, YAY!! anyways read on if you feel like it.

It is very interesting to see the direct effect of oil on our economy. A drop in oil prices caused all three stock indexes to increase. The positive effect of declining oil prices exceeds the negative effect of disappointing job creation reports. I was surprised to see that a $0.71 drop in oil prices caused the Dow Jones in increase by .07 percent, the S&P to raise .07 percent, and the Nasdaq to raise .2 percent in one day. That is a damn huge effect that $0.71 can have on our economy. The fact that they increased by this much is pretty amazing on its own, but to consider the job issue at the same time. At first glance the fact the number of jobs created was a positive number seems good, but it has to be looked at on a deeper level. For one the number of jobs created fell short of what was expected by 88,000 jobs. More importantly, the simple fact that jobs are being created is not enough. The rate at which jobs are created needs to exceed the rate at which new possible employees enter the job market in order for unemployment to decrease. I feel that this makes the stock increase all the more important. Although this is the true way to witness progress, I think that if the stock market only sees job creation it may be beneficial to increasing the stock market and therefore to our economy. If they are to look at the truly important numbers, the unemployment rates, then the stock market may become a grimmer place, with more crashes than booms.

Article 2 for Week 5

2004-11-29T13:34:00.000-08:00

The link for the article is :

http://www.chicagotribune.com/business/sns-ap-bush-cabinet,1,132386.story?coll=chi-business-hed

Article 1 Week 5

2004-11-16T11:34:00.000-08:00

Here is a short article on war spending:

http://abcnews.go.com/Politics/wireStory?id=255771

Article 1 for week 4

2004-11-08T14:21:00.000-08:00

The article gives President Bush's financial plan after he won the elections.

http://www.ajc.com/business/content/business/1104/06taxes.html

Article #1 for week 4

2004-11-08T07:29:00.000-08:00

I know itis not my week to post an article but I thought that this NY Times article was interesting.
An Industry-by-Industry Look at the Implications of the Election

Link for Jena's article

2004-11-07T16:45:00.000-08:00

What a Bush win means to your wallet

Article 2 for Week 3

2004-11-04T10:55:00.000-08:00

Second article for this week is entitled "What a Bush Win Means to your Wallet"

Article 1 for Week 3

2004-11-03T16:15:00.000-08:00

Here is an interesting article on the immediate effects of the election on the stock market.
Stocks surge on President Bush's Victory

Article 1 for week 2

2004-10-30T15:11:00.000-07:00

Watch and be amazed as the front and left side of Tryon's 1:35 English class discusses Economics and the Budget for this semester

This is the article for the second week:
http://www.latimes.com/business/la-fi-econ30oct30,0,2140726.story?coll=la-home-business

2004-10-21T19:38:00.000-07:00

Sorry this a separate post and not a comment, but my internet doesn’t like me commenting on posts that are in the archives and not considered “recent” posts. Also, I changed the time stamp so that this appears next to the article it discusses chronologically.

In her Baltimore Sun article, Julie Hirschfeld Davis explores the economic policies of both John Kerry and George W. Bush, stating their advantages and disadvantages. She really seems to be trying to present both sides of this argument equally. However, I think this begins to fall apart pretty early in the article. Julie makes good arguments for the usefulness of Kerry’s proposed policies, but she seems to doubt Bush more and more throughout the article. It seems like she wants to be fair to both sides but cannot help discrediting Bush’s decisions. I do not think that this originates from the author’s personal opinions or her political affiliation. The simple fact is that Bush’s methods have been implemented; we know what problems they caused. Kerry’s ideas have not been tested; their results are pure conjecture. Seeing both of their policies in the same printed source is a very good way of comparing the two, but it is hard to find the bad in policy that is only meant to be good and has not been truly tested for faults. The more negative would lay on Bush’s side unless his opponent proposed something ridiculous. The article was very interesting, especially because it was a valid attempt at some sort of fair reporting.

Second Article for Week 1

2004-10-21T06:47:00.000-07:00

Here is the second article for week 1.

Bush, Kerry differ sharply on the 'pocketbook' issues

THIS IS GREAT! Article # 1

2004-10-19T19:53:00.000-07:00

Ok, so I've been a little bit confused on how each presidential candidate stands, so this cleared things up for me! Anyway, I think that a good way to start our blogging for the week is to read one of the sections on Economics for both Bush and Kerry and comment on how well we think eithor or will be effective! Ok, so that's the one I pick for the week :)

http://www.ajc.com/news/content/news/election/todaysissue.html

BLOG BLOG BLOG

2004-10-19T19:02:00.000-07:00

This is the blog for Dr. Tryon's 1:30 english class for group #1. Watch as we review the budget and discuss economic policies for the rest of the semester!