美国留学生财务会计与管理英语作业模板-Comment on different economic topics of “State of the Union (2013)” address by

美国留学生财务会计与管理英语essay模板下载-Comment on different economic topics of “State of the Union (2013)” address by President Obama

 

 

Barack Obama, American’s president, gave his first State of the Union since re-election at Capitol Hill in Washington D.C. on February 13th the local time. This was the fourth State of the Union in Obama’s Presidency. It mainly mentioned the economic issues, and he also invited parents of child victims in Hooker Elementary School shooting to the speech and appealed the congress to take actual actions.自连任本地时间2月13日在华盛顿国会山，美国总统奥巴马给了他第一次的国情咨文。这是第四次国情咨文中，奥巴马总统。主要提到的经济问题，而且他还邀请了受害儿童的父母在胡克小学拍摄的讲话，并呼吁国会采取实际行动。

 

 

President’s State of the Union address is one of the most important political events in America. Almost all Cabinet members, legislators in the House of Representatives and the Senate, Supreme Court justice and military leaders participated in it. It was broadcasted by various American main Medias to millions of people. Due to economy is still the most concerned issue of the American people, Obama took promoting economic growth and supporting middle class as his No.1 policy task. “It is our generation’s task, then, to reignite the true engine of America’s economic growth -- a rising, thriving middle class”, said Obama. Obama proposed to raise the federal minimum wage from $7.25 to $9.00 an hour and raise the incomes of millions of working families. “In the wealthiest nation on Earth, no one who works full-time should have to live in poverty”. Specifically speaking, economic issues in State of the Union address can be discussed from the following aspects.总统的国家的国情咨文是美国最重要的政治事件之一。几乎所有内阁成员，立法会议员在众议院众议院和参议院，最高法院司法和军事领导人参加。数以百万计的人被多所美国主要媒体播放。由于经济仍是美国人民最关心的问题，奥巴马政府采取了促进经济增长和中产阶级支持他的一号政策任务。 “这是我们这一代人的任务，然后，重新点燃美国经济增长的真正动力 - 一个正在崛起的，繁荣的中产阶级”，奥巴马说。奥巴马提出的提高联邦最低工资从$7.25到$9.00一小时，数以百万计的工薪家庭的收入提高。 “在地球上，没有一个人全职工作在最富有的国家，应该有生活在贫困之中。”具体来讲，可以从以下几个方面讨论经济问题的国家的国情咨文。

 

 

1. Housing Market

Part of Obama’s economic reconstruction program includes real estate. Although compared with 2007, American property transactions have raised nearly fifty percent and real estate construction appears to expand, many people who never missed a payment and are responsible still can't afford their own apartments. This hinders economic development. Thus, America needs to amend this point.#p#分页标题#e#

 

 

Recovery of American’s public confidence in the real estate market is conducive to stimulate the economic development of the local community. Due to American’s fiscal cliff and debt problem having a high degree of uncertainty, economy has giant risks. However, information reflected in real-estate market is positive and the real estate industry seems to be more suitable to play the role of "leader" to lead other industries to start a "marathon type” of long-term recovery. Real-estate industry has been one of American’s pillar industries for a long time. Improvement of the real-estate industry can lead the development of a series of related industries, and even promote the "warm" of the U.S. economy as a whole. Banking, real estate agents, building materials industry, renovation, furniture industry, household appliances industry, retail, entertainment, transportation and many other industries are all closely linked with real-estate industry. In the case of the U.S. real-estate market getting warm, there are reasons to give more optimistic evaluation to the development of the local community.

 

 

2. Recession

According to State of the Union in 2013, Obama said, after years of grueling recession, our businesses have created over six million new jobs.  We buy more American cars than we have in five years, and less foreign oil than we have in 20 years. Our housing market is healing, our stock market is rebounding, and consumers, patients, and homeowners enjoy stronger protections than ever before.

 

 

Obama thinks the economy start improving within the recent years. A few years ago, the U.S. economy has been in a recession which has considerable attack to local business.

Taking retailers as an example, under the threat of economic recession in the United States, many smaller retailers are struggling with hardship for the survival. Facing with the double pressure of rise in oil price and slump in real-estate, consumers tightened their belts which forced many retailers to close their stores, including famous brand chains. Drop in consumers’ spending compresses on retailers’ profit space. Although the whole retailer sector appears to operate well, in regions seriously influenced by real-estate, many stores are constantly closed in business center. America Bombay Company which opens 420 home depots across North American has bankrupted. Its store located in business district of Phoenix also stands empty now. Just as other toy retailers, KB Toys, the giant of toys industry, are posting advertisements everywhere and heavily discounted. 70% of its chain has closed. Ann Taylor, women’s clothing merchants is closing 13% of its stores and delays a plan to open. Another famous clothing retailer, Town’s Company is closing its 78 children’s and men’s clothing stores and begins to specializing in its main business, middle-aged women’s dresses.#p#分页标题#e#

Just as Obama said in State of the Union in 2013, the improvement of economy will directly lead the development of the commercial. If the economy continues to weaken, commercial activities from all walks of life will suffer from devastating attack.

 

 

3. Wars

War reduces the demand of certain industry such as chemical and industrial equipment. In addition, the prices of energy, paper and chemical products also have negative impact on manufacturing activities.

 

 

“Making America a magnet for new jobs and manufacturing”. Obama, US President, put forth the slogan of “reviving America manufacturing” in the first State of the Union during his second term. Before that, Apple will start making Macs in America again which will add new material for the “backflow” of America manufacture.

Many people think that this is a wave of "industrialization" raised by American. Actually, from the various kinds of the original statement since Obama’s presidency, it always emphasizes the "reviving manufacturing" rather than the "industrialization". And the America manufacturing sector did not“decline”since the mid-20th century. Part of American’s manufacturing has removed to overseas especially developing countries. That is the so-called “local contraction”.

 

 

War is not the direct reason for American to revive manufacturing, although as a reason, it is reflected in the plan of reviving manufacturing. Products imported from developing countries are mainly life and office necessities which possess lower elasticity of demand. The import volume will not see a big fluctuation for American’s reviving manufacturing. It is embodied in the “framework of American’s reviving manufacturing” released in 2009. "Those labor-intensive, raw materials manufacturing are not suitable for “made in America", the United States attempts to take the opportunity of the future manufacturing, such as the clean energy industry, bioengineering, aerospace, nanotechnology and so on.

 

 

4. Job market

About the economy and job market of America, from Obama, he said after years’ painful recession, all businesses will create more than 6 million job opportunities. He said at the same time, though Americans are buying more cars made in America, the usage of foreign oil has decreased, the real estate market is in recovery, the stock market is rebounding, he said, though Americans are clearing rubbles left over from the crisis, a lot of Americans are still looking for a full-time job. The profit of corporate increased to a historical peak, while the wages and incomes of Americans stayed the same. Therefore Obama stressed that the main task of this generation is to revive, to promote the growth of American economy, to strengthen the middle class of America. However, it would not be that easy to realize the program. Job issues and the competitiveness shall rely on the cooperation of governments, business field and American people. They need to try every effort to implement the program, such as building commercial buildings all over America shall play a role in creating jobs. #p#分页标题#e#

 

 

5. Return of troops

Barak Obama proposed in his address of State of the Union, the economic turnaround program also includes spending cuts and budget imbalances improvement. This kind of policy shall mean a lot to stimulate U.S job market and be of great significance of government spending cuts. Military expenditure has always been a crushing burden of America’s fiscal budget, there is no doubt spending cuts will reduce the budget pressures to solve the problem of people’s livelihood to some extent. However, the military expenditure cuts and recall of troops’ decisions are made based on the current domestic political situation and economic woes, which are also a response to the anti-war appeal of Americans. The solution of America’s economic problems not only depends on the investment of fiscal budget, military spending cuts may have certain effects, but in the long run, which shall not be a decisive factor of economic recovery of U.S. 

 

 

6. Conclusion

From the review of the State of the Union addressed by President Obama in 2013, we could get his main focus is based on the subject matter of Microeconomics. The revive of housing market, the recovery of economic recession, the wars and return of troops, especially the creativity of job http://www.ukthesis.org/Essay_Writing/ opportunities may no doubt impact on the local communities and localized employment and unemployment. However his address is just a good will to stimulate America economy, even the program stated in the address could be passed and put into effect, these policies’ effectiveness still depend on the practice and changing internal and external economic environment.