150,000+ ESSAYS

Find more results for this search now!
CLICK the BUTTON to the RIGHT!

Need a Brand New Custom Essay Now?  click here

Economy 2003

Uploaded by coolzie on Oct 26, 2011

This paper compares statistics for 2002 and 2003 with an article about tax amnesty, and concludes that the article does not agree with the statistics. (6 pages; 1 source; MLA citation style)


I Introduction

The U.S. economy is generally considered to be in recession, as it has been since 2001. This paper will consider several statistics that support that contention, and summarize an article about “tax amnesty”, and then determine whether that article supports or fails to support the conclusion that the economy is in serious trouble.

II Statistics

If we look at the statistics for this year as compared to 2002, it seems incontrovertible that things are worse now than they were then. In September 2002, the unemployment rate was 5.7%; in September 2003, it was 6.1%, an increase of .4%. In August 2002, the CPI was 181.0; in August 2003, it was 185.2. (The Consumer Price Index measures the cost that consumers pay for items; we see that it rose over time.) The Gross Domestic Product (GDP) was $10,376.9 billion in Second Quarter 2002; in Second Quarter 2003 it was $10,802.7 billion. (The GDP is the measurement of goods and services produced in the United States in a year.) The GDP showed a growth of 425.8 billion. Finally, the interest rate that the Fed charges has remained “level at 1%”.
These statistics seem to indicate a “mixed” outlook: the number of jobs lost rose, and that coupled with an increase in prices, means that it would be increasingly difficult for Americans to make ends meet. However, Americans continued to make more products, raising the GDP. It should be noted that this increase in the GDP may be attributed to many factors, including more efficient manufacturing processes. Manufacturers continue to produce and increase their production even as the lay off workers. In general, I maintain the economy is still in recession as it has been since 2001.

III Article on Tax Amnesty/Discussion

The last line of the article should make the writer’s bias obvious: he refers to “President Bush’s excellent tax reform.” The article also appeared on something called “FreeRepublic.com”, which calls itself a “conservative news forum.” Obviously, then, we should expect the article to be supportive of Bush and his policies since we have seen virtually no criticism of Bush coming from conservatives since he took office.
The article discusses “tax amnesty,”...

Sign In Now to Read Entire Essay

Not a Member?   Create Your FREE Account »

Comments / Reviews

read full essay >>

Already a Member?   Login Now >

This essay and THOUSANDS of
other essays are FREE at eCheat.

Uploaded by:   coolzie

Date:   10/26/2011

Category:   Economics

Length:   6 pages (1,359 words)

Views:   1366

Report this Essay Save Essay
Professionally written essays on this topic:

Economy 2003

  • 2003 Year Ending US Economy

    economy is developing as well; it is virtually unheard of in an economy the size of that of the US. Mr. Bernanke reports that bot...

  • November 2003 Economy

    of productivity, does give support to the economy ("Federal Reserve," 2003). Congress is similarly impressed with the status quo. ...

  • 2000 to 2003 U.S. Economy Economic Analysis

    is likely due to quick action taken by the Federal Reserve throughout the years. The article begins as follows: "How do you lasso...

  • United States Economy 2000 - 2003

    dollars) Real GDP per Capita (2000 dollars) 2000 $9817.0 $9817.0 $34788 $34788 2001 $10128.0 $9890.7 $35524 $34692 2002 $10469.6 $...

  • US Economy 200 - 2003

    there were quarters where there was negative real growth, indicating a recession. In 2002 the growth rate increased to 2.2% and th...

  • Microsoft Office 2007 v. 2003

    As this suggests, Microsoft Office 2007 can be viewed as either changing everything or it can be viewed as everything remaining ba...

  • Financial Analysis of FedEx 2003 - 2007

    the direct costs is reducing, if the gross profit margin is decreasing then the cost of goods is increasing. In 2006 gross profit ...

  • American Religion and the 2003 Film Bruce Almighty

    how dependent upon technology the average citizen has become in everyday life. The fact that God initially contacted Bruce via hi...

  • Houses Prices in the UK 2003 - 2008

    This 7 page paper looks at the pattern in the average house price in the UK from 2003 to 2008. The paper discusses the movement in...

  • Music Industry Since 2003

    constantly (Koster, 2007). Apples iTunes is the most successful site insofar as they have the largest catalogue and sell the most ...

View more professionally written essays on this topic »