Q1-The centenarian proverb that nothing is more novel than the old is an adage that refuses to age. We can see this in its most surprise form in the latest GOP savaging of Obamas economic plan. At the time of the G-20 conference, when talk sprang up of the necessity of government spend cuts, only Paul Krugman seemed to have any k instanterledge of a past history that pointed to why this course was likely to fail, and Krugmans protests gained singularity chiefly by being the only ones to reveal any such knowledge. Â Unfortunately, there is nothing we are experiencing now that we did not experience before. We all know about the forward-looking Deal only when that term is hardly accurate. There were in fact two New Deals, the first from 1933 to 1937, and the insurgent from 1938 to 1940. It is the second that should interest us most. Unfortunately, Hoovers grasp of the American economy and its realities seems slight. The causes of the Depression were many, not simply the Crash. By 1929, business had outrun consumer demand. Wages stayed flat and as costs of turnout fell, loot rose. Alas, money was being spent, not on wages, but on investment, however, soon investment fell behind profits and production began to falter. The stern truth was that the economy was fundamentally unsound. distribution of income was very poor.
The rich were very rich. This meant economic health was dependant on a high level of investment and a high level of luxury consumer spending or both. The mania for profits had invited an infesting horde of fraudsters, con men, unscrupulous speculators. There was a floodtide of corporate larceny, says Galbraith. Q2-The H-1B visa program governs most admissions of temporary immigrants into the U.S. for date in patenting-related fields. This program has become a point of evidential controversy in the public debate over immigration, with proponents and detractors at odds over how important H-1B admission levels are for U.S. applied science advancement and whether... If you want to get a full essay, straddle it on our website: Orderessay
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