Interview people about the economy Essay Example for Free

Interview peck ab appear the economy EssayThe people of the Orange County be an optimistic bunch. Yet, angiotensin-converting enzyme can see this optimism slowly fading away into the darkness. For a country which is so close to perhaps worlds biggest entertainment hub, this is not a more or less picture. It would be wrong to blame the people. Little has gone sort out for the county since the stinting ecological niche of 2008, the effects of which be still quite visible. For a county which was already suffering from one of the more serious unemployment problems than compared to the average figures of the unify States of America, the recession of 2008 has spelt doom, and its repercussions can still be felt. Take the case of the 34-year ancient Mr. Matthews who had a down(p) shop selling electronic goods. However, with most people who gave him patronage, out of vocations or saving up for the faint future, in that location are no takers for his once steadily selling sho p of television sets and radios. His only accept is a government bailout, so that his customers have more money in their hands, or in former(a) words greater purchasing power so as to indirectly get him out of this mess. Mr. Matthews smear is in complete contrast with Mrs. Mosby who is a secretary with the local government authority.She has been affected very atomic by the 2008 economic recession but maintains that she is concerned about a lot of her friends, whose businesses have chuck out or who have been shown the door in their telephone circuits. The only consequence of this recession on her is that while her pass on has not increased, prices of many commodities of even general use have gone by which proves it difficult for her to depict the ends of her househ oldish meet. She is for the moment thankful that she has a government job, but strongly advocates that it is the states tariff to find her fellow citizens a job which at the very least promises them adequate means of survival. recess and the deteriorating economic situation is a concern not only to those who are soon affected by it, but also those who may be affected by it in the future. Take the case of 24-year old microphone, who is a final year student at the local university. He agrees that the heat in the get off can be felt by all, and even though his university manages to put together a elfin career fair every year, it reckons a difficult proposition this year. Although in the top half of his class, Mike admits that getting a job which helps him repay his educational loans he took for college, at least currently, seems to be a daunting task.He is desireful that by the time he graduates, the situation would improve. He doesnt catch up with a case for out and out state intervention, but hopes that the state would help big economic powerhouses by giving them incentives and subsidies. Things have turned sour for those who are self-employed as well. Take the obiter dictum of a lawye r who has his own practice, Miss Timberlake. Litigation has become suddenly too expensive, and people seem to prefer to hold up matters for now. Even matters of home foreclosure have got delayed for now.People are flavor at otherwise normal litigation procedures as a luxury service, which they are unable to succumb at the moment, and are not as big a priority as say checkup and health expenditure. Health redress companies are facing the heat as no other correspond to Jeff, who works at one of the biggest insurance companies. The health and medical costs have spiraled over the extreme few years. The fact that people have very little disposal income, and are defaulting on their even premium payments is making the matters worse for the insurance companies.Their existence no solution in sight, people are turning to each other and urging them to perform acts of gratitude. For instance, appeals are being made to doctors and other hospital staff to give up a days pay. People are b ecoming a good deal more cautious and conservative in spending their money. For instance, the younger siblings are getting their older siblings clothes. The insurance companies dont have enough cash flowing in so as to be able to cope up with the increasing medical costs.This spells a disaster not just for one or two companies, but for two industries which are vital to the US economy health and insurance. Whether there is a way out of this mess is the million dollar question facing everyone right now. The companies in both sectors, however, are optimistic and hope to see things improving with the Obama administration. Obamas success in being able to pass the health insurance bill is being seen as a huge supportive and people seem to be oddly comforted by his words of promise. Job creation is what people are currently looking forward to.Perhaps, the only sections of the society who have nothing to lose right now are the school going children. However, it is amazing how the economi c crisis has made way into their everyday conversations as well. David who is only 14 is angry at the whole situation. He maintains that the whole crisis is the fault of the government, which allowed risky investments to be made. He is also unhappy about the liberal policies which have allowed a bulk of the work to be outsourced to other destinations where labour is frequently cheaper.Stricter laws are needed, he argues emphatically. Those who are retired have been hit badly as well. Their pension schemes and other insurance amounts are simply not enough for them to be able to make their ends meet. Home foreclosures are likely and in the offing, and this has most of them worried. Take the case of Mr. Andrews, who is 66 years old and survives on a small pension scheme. Recently the prices of even basic consumables have risen so sharply risen that he is finding it difficult to make the ends meet.His old age means that it is much more difficult for him to find a job as compared to oth er freshers just out of college. He is worried that if the State fails to take some concrete steps soon, many Americans could be tinkering on the border of starving poverty. Take the case of Mr. Murdoch who is a stock market analyst and broker. In the economic recession of 2008, he lost close to $100,000. He says that he is devastated and doesnt know if there is any hope remaining for his business, and whether he will be able to revive it in the near future.He is currently torn between the idea of continuing his business, or taking up a small job somewhere. However, he himself laughs at the irony of it all, given that it would be near impossible to find a job anywhere. He also feels responsible to many of his clients, who he was acting for, and have lost a great amount of money in the stock market. At the same time, however, he is quick to point out that investment in the market is subject to market risks, and therefore, one is understood to have assumed the same.