Sunday, December 26, 2010

Is the U.S economy poised for a comeback in 2011?

        The New York Times states that next year which is 2011 the U.S is going to have more money. It was revealed that this Thursday alot of comapanies have been laying off alot of workers and the percentage of finding jobs or people hiring has been decreasing. According to these results there's less people who are going to struggle next year to pay their debts. They predict that laying people off is going to create more jobs and more money. The Republicans agreed to a 13 month extension of unemployment benefits by letting workers take more money home. Consumers are spending more money specially since the holidays arrived, this will increase the percentage of money to 3.3 percent . On Thursday it was shown the rise of the level on how the economic is improving.
        In my opinion this is sort of confusing because laying people off on their jobs is affecting them because they will need to find work in order to pay their debts. My question is how is this creating more jobs? I believe that this is only affecting the economic because workers wont be able to hire people because they don't have the money to pay them. And if they do they would have to pay them with  a low wage, and alot of people won't like that because is wont be enough money to support them or if they have a family. I think this mystery in help the economy is if the government or the president don't waste the money that is left over to use it if only its necessary.

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