• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The economy and its role in deciding the victor of the presidential race.

Extracts from this document...


Abby, Andy, and Ashish September 16, 2004 Period 7 Economy From the days of Herbert Hoover to Bill Clinton, the economy has played a major role in deciding the victor of the presidential race. The United States economy is all of the ways goods and services are produced, distributed and consumed by individuals and businesses in the United States and abroad. The United States economy is vast and well diversified. In 1998, it incorporated more than 270 million consumers and 20 million businesses. The U.S. consumers purchase more than $5.5 trillion of goods and services annually. Businesses invest over $6.5 trillion on factories and equipment. The levels of production, consumption, and spending make the U.S. economy the largest economy in the world. Any problems the U.S. economy displays are shown throughout the world through ripple effects in their own economies. The Democratic and Republican parties differ on many issues regarding the economy, but still have the same overall goal of making the economy grow and work for its people. (Paragraph �) This year, John Kerry and John Edwards are running on behalf of the Democratic Party as a ticket of change. ...read more.


John Kerry will not raise Social Security taxes, raise the retirement age, cut benefits, or privatize Social Security. John Kerry also wants to consider making sure that high-income beneficiaries don't get more than they put in it. (Paragraph 5) John Kerry and John Edwards call on increasing the minimum wage to $7.00 an hour by the year 2007. By raising the minimum wage, the income of 4.5 million women would rise. The extra increase would provide a family with enough money to pay for about 10 months of groceries, 8 months of rent, or an entire year of healthcare and community college expenses. Kerry and Edwards believe in putting the working class before special interest groups. They have drawn from their careers in the justice system, from being a district attorney to being a trial lawyer. They plan to use their experiences to help fight for the American working class. (Paragraph 6) President George Bush and Vice-President Dick Cheney have a plan to construct a more prosperous and aggressive economy that will ensure a strong source of jobs and a better life for all Americans. Like Kerry, Bush has his own ideas about jobs and outsourcing, Social Security, manufacturing, tax credits, and trade. ...read more.


President Bush also has a goal of increasing the number of minority homeowners by at least 5.5 million families by the end of the decade. The Self-Help Homeownership Opportunities Program would help low-income families purchase a home. The biggest obstacle facing new homeowners is the down payment. President Bush supports efforts to reduce this barrier by having programs like the American Dream Downpayment and Zero Downpayment Mortgages in place for new homeowners. Bush and Cheney also believe in enacting the Single-Family Affordable Housing Tax Credit, but also recognize that decent housing is also available in apartments. Regulation should also be cut to the minimum to encourage the development of homebuilding. (Paragraph 8) While the President and Senator Kerry differ on many issues regarding economic improvement, they both share a common goal. A stronger economy must be a priority for the next administration and more importantly for the American people. The United States economy is the largest economy and is currently in a "diversifying" process through the addition of technology and the outsourcing of manufacturing jobs. Both major political parties will work tirelessly towards the greater goal of economic improvement and will more than likely sustain America's strong economy for years to come. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. Outsourcing. From the us point of view, how large is the outsourcing phenomenon and ...

    This trend is just flourishing-we expect a considerable expansion in some new sectors, such as engineering, which would require more high qualified jobs. A definite precursor in this domain is Microsoft, which planned to double its workforce by next March in Hyderabad and Bangladore.

  2. Evaluate the impact of Nike's outsourcing strategy and factory location on the host nation

    The code of conduct also failed to require that workers have the right to organise and bargain collectively. Nikes codes of conduct states " Nike seeks partners that share our commitment to the promotion of best practices..." However they only "seek" to find contractors who respect workers but will still continue working with contractors who don't.

  1. 'There is a great deal of evidence to support the view that the relative ...

    On the one hand, it was said, British banks traditionally did not make long-term investments in industrial firms, unlike the banks in some other countries, notably Germany, and industrial firms therefore lost not only a relatively easy access to

  2. Case Study: The Home Depot

    in the environment of the company and to solve operational problems related to the business process, or concept. Important is that the strategic managers get most of their ideas from the lower-level employee's this is invited and encouraged in the open business culture of Home Depot.

  1. The Ohio Pilot Scholarship Program

    show, surface in the amalgamation debates in Montreal. Boundaries have legal and/or social significance, and mark the diversity of cities along a variety of sociocultural lines. While Nielsen et al. look at the amalgamation debates in light of a functional democratic polity that both participates in the debate and uses its legalrational authority to impos e its view,

  2. Chinese economy sets for soft landing in 2005.

    barriers to the growth of the travel trade including visa requirements on outbound Chinese travellers and the 17% VAT levied on small or regional jets aimed at protecting the domestic aviation industry. China is increasingly involved in high-level international groups such as the G-7 deputy finance ministers' meetings and the G-8 consultations, Chu observed.

  1. Marketing Plan: Handywares Plc.

    The public will also not be familiar with the method of sales that Handywares operates and clear information will need to be available in the advertisements. Medium term goals Regional expansion Once market share and brand awareness is created it will enable Handywares to expand through to the urban centres.

  2. Discuss the extent to which the economic theories in the Market's Reader can be ...

    The economy is in the grip of what Joseph Schumpeter once called "creative destruction". Today we see networks of firms sharing a common workforce and collaborating around some projects while competing vigorously for other market opportunities. In short, we are living in a new economic era quite unlike the more stable and predictable world we once knew.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work