Jesse G's Op/Ed

By Jesse Gillman 


Source: Msnbc.com
Headline: Obama: U.S. will always be a AAA rated

       President Barack Obama said Monday that United States will always be an AAA rated country, responding to Standard and Poor’s decision Friday to cut the long term debt rating for the U.S. by notch to AA+ from AAA.

       Speaking on the downgrade issue at the White House Monday, Obama urged lawmakers to work together to tackle the nations deficit.

      President Obama says ‘’we didn’t need a rating group to tell us we need a balanced, long term approach to defect reeducation” he said, ‘’my hope is that Fridays news will give us a renewed sense of urgency.’’

       Standard and poor’s Monday downgrade the credit rating of dozed of U.S. government relented bone issue as officials for the rating ancey continued to defend their actions, which caused the stock market to plunge around the world.

       Officials at Standard and Poor’s say they will indicate shortly how local and state government will be there decision on Friday to lower term U.S. debt from Auto AA+

       Conclusion: I think if the stock market were not doing bad when the recession started than we would not had got into this ecominc mess. 

Source: New York Times, Associated Press

Headline: Timothy Geithner Says at Treasury

         Washington D.C.- Timothy Geithnery  has told President Barack Obama that he will remain on the job as the Treasury secretary.

        The Treasury Department released a statement Sunday saying Geithner had informed the president on his decision to remain in the administration. Geithner is the only remaining top official on Obama’s economic team.

       Conclusion: I think that Timothy Geithnery is somewhat a person on president Obama’s economic team, that agree on economic policy. I myself find that economics is a very hard to understand. 

Source: New York Times, Associated Press

Headline: White House: No Double Dip recession seen

       Washington D.C. – President’s Obama’s spokesman is discounting talk that the economy may be headed back into recession, deistic recent concerns of economists.

        Spokesman Jay Carney says “there is no question that economic growth and job creation have slowed over the past half year.

But, Carney told a white house briefing “we do not believe that there is a threat of a double dip recession”

        He blamed the earthquake and tsunami in Japan, higher energy prices, defiant worries in Europe and recently resolved uncertainty over raising American’s borrowing limit.

        Jay Carney said “we believe the economy will continue to growth”

        Conclusion: I think if we go into another recession that it will make it than harder for many American’s to find job’s, if our political leader don’t work together on both parties it will lead to an earthquake in our American society