A letter to editor in wall street journal Essay Example | Topics and Well Written Essays - 500 words

A letter to editor in wall street journal - Essay Examplethe problem of unemployment in the nation that attracted my attention, similarly as it might have done to the majority of sentient inhabitants of the US.The recent fiscal shock of 2008 was certainly quite destructive that led to multiple issues in the economic as hygienic as in the political structure of our country. One such consequence, as the experts called attention to, was the very advance unemployment rate in the economy. According to the statistical data, unemployment rate has increased rapidly in the US since the ahead of time 2009 which currently accounts above 9% on an average. It is indeed one of the most serious drawbacks for a developed economy such as the US which require instantaneous concern of the government with the purpose of its revival. The tell economic plan by the President of the US also depicts similar concern, but in an wide demeanor taking into account both the economic and political aspects.The plan emphasizes on payroll revenue cuts that would surely lessen the burden of employers and employees in the presently hostile business environment of the economy. It also includes elongation in the investment grants for education and infrastructure sector. Attempts shall be made to boost the labor market through with(predicate) added concerns regarding programs for the jobless under the declared plan. On an aggregate, this planning shall cost $447 billion being enacted from 2012. Therefore, as a short recovery strategy, this plan shall certainly encourage the employers to hire more man power and thence make larger contribution to the overall GDP growth.Where economists in this context reveal the probable short-term benefits of the strategy, politicians have been noted to continue with their fair game of opposition with due regards to the components of the planning. The most noticeable questions augment by the politicians in this context, whether a democrat or a republican, a re related to the approval of the quantity asked for the plan and its