Sales: Sales: Support: Support:
Academic writing services  
Custom written essay Book report Research paper Dissertation Resume and CV Editing and proofreading  
main menu
By ordering custom paper you get
  • 24/7 Support
  • Over 100 professional US Writers
  • 300 words per page
  • Flexible discount system
  • FREE revision (within 2 days)
  • Anti-Plagiarism Software Check
we accept
sample essays
Accounting Essays
Admission Essays
Analysis Essays
Art Essays
Biography Essays
Biology Essays
Book Review Essays
Business Essays
Case Studies Essays
Cause and Effect Essays
Character Analysis Essays
Communication Essays
Communication and Media Essays
Compute Technologies Essays
Consideration Essays
Controversial Essays
Description Essays
Economics Essays
Education Essays
Evaluation Essays
Explanation Essays
History Essays
Job Essays
Law Essays
Management Essays
Medicine Essays
Music Essays
Personal Essays
Personal Experience Essays
Persuasive Essays
Persuasive Speech Essays
Philosophy Essays
Political science Essays
Politics Essays
Proposal Essays
Psychology Essays
Reflective Essays
Religion Essays
Research Essays
Response Essays
School Essays
Science Essays
Sociology Essays
Technology Essays
World Literature Essays
US Economy Recovery Strategy essay
← Quality and TenderingConsumerism →

US Economy Recovery Strategy. Custom US Economy Recovery Strategy Essay Writing Service || US Economy Recovery Strategy Essay samples, help

Krugman article highlights the current rate of economy recovery in the Obama administration. To illustrate his point, Krugman compares Obama’s recovery strategy with Reagan’s strategy back in the 1980s. This paper seeks to summarize Krugman’s main points and to concur with his notion that the government should increase its spending rate and create more jobs in order to improve the pace of economic recovery.

In his article, Krugman reports that the main reason behind the slow US economy recovery is its ever increasing household debt. He further reports that the government strategy of minimal spending is compromising the recovery rate. This is because minimal spending has negative implications on economic growth. Therefore, according to Krugman the minimal expenditure approach has defied both theoretical and previous approaches (1).

Krugman argues that expenditure at state and local government levels has drastically reduced therefore affecting federal government’s expenditure on goods and services. This has consequently affecting the level of employment and the rate at which the economy is recovering (1). To demonstrate the atrocities being committed by the Obama administration, Krugman reports that Reagan’s administration employed more people in order to reduce unemployment and to stimulate economic recovery. Further, Krugman reports that Reagan’s administration increased its purchasing power by spending more on acquisition of goods and services which is the reverse of what the Obama administration is doing towards curbing the current economic crisis (1).

Krugman argues that in order to increase the pace of economic recovery, the Obama administration needs to invest in education, infrastructure and job creation. He argues that the current strategy is impacting negatively on economic recovery and, it is also compromising on the US economic stability. He asserts that, if the Obama administration was keen on reducing unemployment and increasing spending, by now, the unemployment rate would have been reduced by more than 1.5 percent. In comparison to Reagan’s administration, this would have been a major achievement for the Obama administration (2).

Krugman recommends that, in order to improve the pace of economic recovery, states and local governments should consider creating employment by rehiring people through projects funded by low interest loans borrowed from the federal government. State and local governments should also embark on new and abandoned projects otherwise; the Obama administration strategy is doomed to fail (2).

In my own opinion, Krugman’s criticism of the current economic recovery strategy is valid. This is attributed to the fact that other critics have also voiced their opinion on the slow rate of economic recovery. For instance,OConnell argues that the current economic crisis has caused severe economic changes in the American society. This is because despite the policies and measures being put in place, unemployment rates are still very high and the recovery rate is low thus the need for the Obama administration to develop another strategy (1). Elwell also argues that more and more people are finding it hard to get jobs in the current economy with more than seven million pushed out of work due to a sluggish recovery. Accordingly, he also questions the practicality of the current cut on government expenditure as a measure to curb the financial crisis (4).

I also agree with Krugman’s assumption that the current strategy is doomed to fail. This is also supported byOConnell who laments that, based on the current recovery strategy; it is unlikely that the US economy will ever return to its economic affluence. He further asserts that unless the government increases its expenditure and investment in education and infrastructure the current recovery rate is expected to persist for a long time (1).

I also concur with Krugman that the government needs to increase its expenditure on goods and services. This will increase on revenue and tax generated therefore, improving on the Gross Domestic Product (GDP) and consequently the economy. In support of this view, Elwell agrees that there is a need to increase government spending because such a strategy would improve the tax base and reduce the deficit created by the economic crisis hence, stimulating the economy at a faster rate (5-7).

US Economy Recovery Strategy. Custom US Economy Recovery Strategy Essay Writing Service || US Economy Recovery Strategy Essay samples, help

Order Now
Order nowhesitating

Related essays

  1. Consumerism
  2. Constructivism
  3. Quality and Tendering
  4. Solutions for Wal-Mart in Germany

order now

Order now
why choose us
96% of satisfied returning customers
24/7 customer support
A wide range of services
Up-to-date sources
100% privacy guaranteed
MA/PhD writers
Custom written papers only
Free plagiarism report (on demand)
Free revision (within 2 days)
Free cover and bibliography page
Direct communication with a writer
Are your writers qualified for the custom writing?
How quick can my order be accomplished?
Is it legal to buy custom essays, term papers or book reports from your company?
Are essays offered by your company truly custom-written?
Is it safe to buy from
How secure is the payment system of your company?
Can I submit custom essays or term papers done by your company as my own?
How can I contact your company if I've got problems with my ordered paper?

Finally, I've found the real custom writing service . My grades are saying "Thank you, it's been a pleasure to work with you."

Jamal, South Africa

I can't believe you finished my essay under such a short deadline! You saved me from a disaster once again. You guys deliver exactly what you promise. I'll be back. That's for sure!

William H , Kansas, US

contact us
Toll free for US & Canada only. International callers are charged for outgoing calls.

Our phone numbers: provides custom term paper writing/rewriting services inclusive of research material for assistance purposes only. The term papers should be used with proper reference and are not meant to replace actual assignments.

Get 15% off your first custom essay order

Order now

from $12.99/PAGE