War With Iraq

3 Pages 779 Words

So What’s a Billion More?

For decades, America’s penny bank has looked as though it has been on somewhat of a diet. Looking back into our past, the thirties had launched a new program referred to as the New Deal by president Franklin D. Roosevelt. The New Deal helped to lift America out of the economic troubles brought on by the Depression. Later on during the Kennedy administration, a more active approach was brought on. His administration implemented tax cuts, aid for the inner cities, and the creation of new jobs that let to the acceleration of economic growth. Many of these proposals however were not very effective. The economy had proceeded sluggishly during the mid eighties. It didn’t help that our budget deficit rose to a whopping $221 million. Prior to George W. Bush, the former democratic president Bill Clinton had pushed to strengthen the market along with reducing welfare and the federal work force. It had appeared as though by the end of the nineties. Americans were able to have a sense of a strong economy. As we potentially fall into war, the question now and for the future of the United States is: “How will our economy hold up?”
A recent article by James Carney and John F. Dickerson from TIME.com had discussed the issues with the post benefits of war for our economy. Beginning with President Bush wanting to give a speech to the “regular people” after discussing his plans with the Chicago Economics Club. Writing draft after draft, Bush and his speechwriters finally arrived with a satisfied result. He was to give a forty-minute seminar to an audience inside of a high school gym in Kennesaw, Georgia.
His top advisors admitted that only war could give America the jump-start that it needs. Business will be able to start a surge in investments and the consumers will begin spending before these national problems. In addition, the tax cuts should slowly decline. This is all if it goes into plan. “...