The economy finnally grew
The economy finally grew this past quarter. It’s been 6 years since it has grown at this fast of pace. The economy has grown 5.7% which shows us that the economy is on the rise and has beaten all the rates that were projected for the 4th quarter with an estimated 4.7% growth. This is the highest percentage since 2003. But even with this surprising increase this past year was the worst year our economy has faced since 1991.
There is some word that the recession ended sometime in the last year but the GDP never reports anything until they are positive which may take 6 months to a year. This is because sales are up. Auto sales and personal consumption both grew this past quarter.
Even with the good signs of hope for our economy, we still need to get people jobs in order to get them to feel comfortable spending more money, this is greatly need for 2/3 of the economic activity is from consumers spending.
But not all of our hard work with the stimulus discounts this year was a waste. It actually might be the reason for the growth that we have seen. The auto and home discounts that we have received from the government helped our economy more than most of us first thought. But unfortunately this kind of stimulus can only help us so much because they are so hard to keep going.
“it is normal to have a burst of acceleration coming out of a recession, particularly a sharp recession, and then have growth ease back,” this brings me a lot of hope. I know that in the past month the stock market has dropped another 600 points and I was starting to feel that we would never get out of these terrible times. The business that I work for recently had to close their doors because of the times and I was really kind of worried about what I was going to do until I can find another job, if I can find another job with unemployment rates so high.
But I’m super glad to hear that there is hope for my future and for the future of our country. I feel that if we stay in the rut we are presently in we will probably fall into a huge hole and possibly be taken over by another country while we are at our weakest. I know that many counties would love to get back at us; this would be a great way of doing so. At least we have somthing to look forward to.
Friday, January 29, 2010
Friday, January 22, 2010
Arkansas recruiting center killing suspect: 'This was a jihadi attack'
Abdul Hakim Muhammad finally pleads guilty to the shooting to kill one military officer and wounding another in Arkansas last June. He also claims that he is part of al Qaeda and that he, being Islamic has the right to fight anyone who rages a war against Islam or Muslims. He said that he was mad at the United states for what they have done in the past and had shoot at the people with the intentent of killing them. He also wishes not to plead insanity, which his laywer wanted him to do.
I feel that if this guy pleads guilty against his lawyer’s wishes we should take that into consideration when we sentence him. I also feel that we have to keep in mind what we do to him as a punishment, because if he really is part of the al Qaeda we never know how the others of the group will feel about our actions and try to get back at us even though Abdul is an American citizen. But I do feel that something needs to be done about this. It is not an action that we can risk having happen again, especially at the state of almost panic we are in about any sort of terrorist action.
I feel that if this guy pleads guilty against his lawyer’s wishes we should take that into consideration when we sentence him. I also feel that we have to keep in mind what we do to him as a punishment, because if he really is part of the al Qaeda we never know how the others of the group will feel about our actions and try to get back at us even though Abdul is an American citizen. But I do feel that something needs to be done about this. It is not an action that we can risk having happen again, especially at the state of almost panic we are in about any sort of terrorist action.
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