The Great Recession

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Recessions in today’s society can be a very devastating time, loss of jobs, less money flow, and overall not a good time for anyone. A super controversial topic when it comes to recessions is, whether or not government involvement in the economy is needed during times of an economic recession. Our country is set up so when we bump into a recession the government uses the Fiscal Policy to help recover our economy and try to help reflourish, and unemployment rates and many more important factors. The major ways they help are through Social Programs, Recovery of Individuals (aka Mainstreet), and Recovery of Businesses ( aka Wall Street). Government involvement is essential during times of recessions and depressions in our roller coaster of an …show more content…
Some examples of Social Programs are welfare and tax cuts. They are there to help individuals that are struggling to make it through and to survive since they dont have alot of money. As seen in the “Social Security Board’ Posters from 1935” It states “A monthly check to you for the rest of your life beginning when you are 65” The government does this to help people and protect the older people in this country that can not retire or are out of money or have always been very poor. Money is always distributed and is kept being spent and flowing through the system which is what we need to avoid a recession. Tax cuts can also help keep the money flowing and help people out when losing their job or deepening in their financial …show more content…
That is why the government can step in and regulate everything being traded and made on Wall Street. In Article 1, Section 3 of the Constitution” it gives the congress power to “Commerce with foreign Nations, and among the several States, and with Indian Tribes…” this is set in the constitution to protect businesses when trading so the government can step in and make the best trade deal and save the most money overall. Wall Street is also protected by the government and we need it to keep our best businesses standing so they do not fall. In the “Roller Coaster Cartoon” it shows a Wall Street man and Uncle Sam riding a roller coaster and they are stuck at a bottom of a loop. The Wall street man is cheering and says “ We bottomed out! Now get out and push…” The cartoonist does not think government should bail out businesses during times of a recession but it is needed to get the money flowing once again. If Wall Street fell during a recession the country would most likely fall with it. So we need government to give businesses boost so they hire more people then people will spend more of their money. It is all a chain
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