Economy

6 Pages 1466 Words

The history of economy has always been, and will always stay that it has its inclines and declines. At some times it also depends on the person that is in charge to call the calls that have to do with the economy of the country. Even though, economy works by its self, it depends on the how well the businesses are doing within the country, as well as trades and business with other countries. Learning few facts from this article, I have noticed that few little changes in economy that do not seem much, could bring the whole economy down even to a depression. In this article th author focuses more on the strengths of the economy, as well as including a few weaknesses. The author compares mostly Clinton’s actions on economy and President Bush’s. Robert J. Shapiro also includes information about economy from the 1980's as well as the past decade starting with Senior Bush, to Clinton, to President Bush Jr.
In the introduction of this article, the author starts off with explaining how every time a new president starts his term the economy is on the edge of declining, if it already has not. Although, that is not the case all the time, for example in 2001 when Bush took over, even though economy had some weaknesses to it, it also had some strengths as well. The author brings out few examples which help to clarify his points and explain the economy’s situation. The author talks about positive sides to economy, or better yet strengths, for example when economy was inclining or was stable at a high point, the country was lucky that energy prices stayed low, that information technologies fell sharply, a strong dollar and foreign currency crisis drove down import prices, and managed care took the wind out of healthcare inflation.

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Some strengths that are recognized by the author from Clinton’s side, are when Clinton enforced low inflation that decreased unemployment, as well as brought a decline to poverty ra...