This article was about how Obama has just appointed Gene Sparling the new head of economic council. It also discusses the economic council's goals and progress since the recession. It discusses the unemployment rate and the different jobs that have become available. Obama said in a press conference that the pace is clear and that the unemployment rate will continue to decrease. Gene Sparling is a very qualified man as he headed the economic council during the Bill Clinton era. He hopes to improve the unemployment rate and that is first on the agenda for the economic council. A few other people were also promoted to higher position's such as Jason Furman who was promoted to the position of principal deputy officer of the council and Katharine Abraham was also an added member to the council. All in all the economic council believes they have made good improvements and will continue to help the economy in the future. I believe that the economic council is very important and that the unemployment rate going down is a very good sign. The economy is what drives the country and appointing a new head of a council is very important to make changes. This will bring in new views and ideas and this can help the council accomplish different things. I did a little research on Gene Sparling and he seems like a very good man for the job as he has been in the same position before. I think the economy is going to continue to become better and the unemployment rate will be better than ever.
The changes make by Obama on the economic council demonstrates his reflection after the lost in the mid-term election. I have the same believe as Mac that the change of the economic council and the decrease of the unemployment rate is a good sign of recovery of America's economy. In the last month, the unemployment rate dropped from 9.8% to 9.4%, which is still high, but it is a good indication that can keep the faith of American citizens on the economic policies of Obama. As Mac has said, a new council with the leader Gene Sparling may bring new ideas and new motivations to Obama's policies on the recovery of the economy. This may increase the speed of the recovery and effectiveness of Obama's policy on the economy. In the start of a new year, I think that Obama should also be more focus on the depreciation of US dollars apart from the recovery. This is because the depreciation can affect the export and import business in the country and also the status of US dollars around the world. A lot of businesses in other countries use to make payment in US dollars because of the relative stability of its value; however, the depreciation of it may change its status and worthiness in business attitude, that corporations may choose other countries' money that are more stable. Apart from the depreciation, there are still many challenges to US economy on its recovery road. The effectiveness of Obama's new economic council will have a direct impact to Obama's "report card" in the coming year.
ReplyDeleteYes I very so agree with Mac. It is always good for a change, as Mac said now you can see ideas from a different persons point of view therefore you will probably get a little bit more ideas with a new head of council. I always agree with what Obama did there should be change every once and a awhile so it is good that he picked a new head council member .
ReplyDelete