The Economy: Turning Good from Bad and Keeping it There
The unemployment rate in the United States is continuing it’s decline. The jobless is now 4.6%. This is down from the unemployment rate last quarter and it shows that the economy is strong. The strong economy that is in place for Donald Trump to take over is the exact opposite of the one President Obama inherited, but not everything is as it seems.
The New York Times article, President Obama Is Handing a Strong Economy to His Successor, jumps right into the heat of this subject. It is a well written article. First and foremost, it covers what the headline says. It is then followed by explaining how the economy is different from when Obama took office. Unemployment is going down and the economy is stronger.
My favorite thing about this article is the balance that it shows. The third portion of the article says that there are still holes in the economy that can weaken it, such as the fact that less people are in the labor force then before. But adding this makes the article effective.
Showing a strong economy is proof that President Obama has done a fine job turning the tide away from a depression. It gives him credit that people often forget to give. However, we also see that it is not as strong as it could be. They give Donald Trump’s deal with Carrier as an example that he can bring jobs back to American, and keep the ones we are losing, which can boost the economy.
I feel less scared about where we are going because of the job President Obama has done to strengthen the economy. I feel a little more at ease knowing that Donald Trump has already kept some jobs in America. This article gives me a belief that anything bad that happens over the next four years is reversible. And, this article was informative, giving the most important information immediately.
Another weakness in the economy is the high number of low wage jobs. High paying factory jobs are at a minimum, so if Trump does not do something to encourage expansion of industry and manufacturing, the slow steady growth of Obama may continue. You may remember that Trump was quite critical of the “weak” economy under Obama. We’ll see.