assignment 8 h. wilson

The title of this article is "It's not about socialism, it's about rescuing capitalism" and it was written by Harold Meyerson from the Washington Post. It was published on March 4, 2009.
This article was directed toward the audience of whom oppose socialism. It was directed this way because it was trying to get across that socialism isn't all that bad, it's just a different way to run things. And with the economy the way it is right now this country could definitely use a change. The article also talks about if Obama achieves all his changing goals for the country then there will be a more reliable capitalism and that will be helpful.
All in all this aritcle is trying to make the point that socialism has worked in the past and will work now. But personally right now im not interested in how we get out of a "slump" just that we do manage to get out.

Assignment #8 J. Tripp

This appeared in the Washington Post and was written by Harold Meyerson. The title of the article is, It's not about socialism, it's about rescuing capitalism.
The article explains how socialism worked in the past and how it has the possibility to work now. This could be a possible good change for our nation. the article goes on to explain that if Obama's agenda is achievedthen there will be a sustainable capitalism that will help our country out. Not only wil the capitalism be sustainable but it will also be competitive and more social. I honestly do not care how we get America out of the rut it is in, as long as we are able o get out by doing ethical things. If america were to ever use unethical ways to get out of this economic crisis then its no better with money than it was without money.

Assignment 8 A. Denio

The author of this particular article is Harold Meyerson. The article appeared in the Washington Post, in the Opinion section. The title of the article is, "It's not about socialism, it's about rescuing capitalism." It was published on March 4th, 2009.
It was written to inform every one that socialism is not bad, but a new way to run America. Our old system is not working that well, look at what is going on today. It is arguing that Obama is trying to help in new in ways that we are used too. But that is exactly what we need right now. A change of pace, and new beginning. I put all my faith in Obama, I feel he is going to try and help Americas help with all his power.
The audience it is directed towards is those who oppose socialism. The author just wants to prove that it can and has worked in the past. He also points out other countries that have failed that have the same system as we do now. These include Germany and many other European countries.

Assignment #6 N. Dixon

Paul Krugman, with The New York Times, wrote the article Revenge of Glut! I agree with Krugman's stance on how we all ended up in this horrid mess.
I just do not understand how long everyone involved really thought they could get away with this. Or maybe they knew it would catch up with them, just not this soon.
Can all the blame really be put off on the bankers and investers though? I think not. It is time for the american people to step up and own responsibilty for their own mistakes. You should know if you only make $10.00 per hour you can not afford a $200,000 home! Wake up, just because the bank is willing to LOAN you the money does not mean you can afford to PAY IT BACK! Yes people a loan is when you borrow money to pay back.
Everytime I go out to eat the places are packed out. You still have to wait to be seated at Olive Garden during lunch throughout the week. Things will turn around, when and only when, the american people realize how serious this thing really is!

Assignment #6 D. Haun

The article titled "Revenge Of The Glut" by Paul Krugman of the New York Times basically describes how the world attained its current terrible economic situation. Mr. Krugman describes how the Chairman of America's Federal Reserve Bank kind of foreshadowed troubling economic times a few years ago. The author then goes into great wordy detail describing exactly what took place around the world that got countries economically where they are now. Pretty much it rests fault on deregulation and very risky investment moves that shattered into nothing but great losses. Very very bad. I enjoyed the article that was aimed toward anyone wanting to gain a better understanding of the worlds economic crises. I had yet to learn of Asia's involvement in this whole ordeal and found that alone to be very interesting. I have thought this whole thing rested soley on America's shoulders. Thanks for shedding light on this and revealing I was wrong for assuming so. That's what you get when you assume. This article will be forwarded to friends of mine.

Assignment #6 S.Nelson

Revenge of the Glut was published in the New York Times by author Paul Krugman. This article os for all Americans wondering about the financial crisis that we are in. In this article Krugman talks about the reasons we are having the economic crisis we are. He states that sub-prime lending wasn't the only cause. We are living in a world of troubled borrowers. Another problem is the trade deficit with Asis. Our problems range from the housing market, automobile market, and all other manufactured goods. It is hard to get people back spending in our economy because no one can gaurantee that they will have a job tommorrow. Krugman goes on to say how we are going to be in this mess for a while. Hopefully creditors and banks can get thier acts together and stop lending money to those who are not capable of making the payments. It is terrible to think that so many people have lost everything because our financial market was greedy and was trying to make a dollar. This problem is not only affecting the United States but countries all over our world.

kwesley Asignment#6

Revenge of the Glut is an article That appears in the New York Times authored by Paul Krugman, a columnist for the New York Times.Krugman seeks to inform the American public as to the other causes besides sub-prime lending that has caused the latest world-wide recession.Krugman argues that trade deficits with Asia by the U.S and other countries are factors in this global meltdown.
Krugman argues that the borrowed money from Asia along with the increase in housing values help created the illusion of wealth. So when sub-prime mortgages began to fail causing the housing bubble to burst. The result was a lost of wealth leaving only huge sums of debt to be paid from borrowing. Consequently, the results of these actions caused a recession in the domestic and global economy effecting industries such as manufacturing. Krugman concludes that we are in a economic mess. Borrowing, a belief in deregulation of capital markets,and the illusion that housing values would only increase is the reason for our calamity. However, the worse is not over. The problem is further compounded by the overall lack of confidence in the economy resulting in the lack of consumer spending, the lack of banks willing to lend, and the lack of business willing to invest. Who knows if of or when we will get out this mess.

Assignment#6 J. Tripp

Revenge of the Glut is the name of the article that appeared in the New York Times. The article was written by Paul Krugman and was directed towrd anyont who is aware of the financial crisis the world is in. The article goes on to explain how one day a nation can be on top of the world (in financial terms) but within a few years everything can change. In this article it explains that it was a number of things that caused our national debt, not just bad home loans and subprime lending. The article also says that what we thought were crisises back in the day are nothing compared to what we are going through today. America has a huge trade deficit with the economies of Asia. This deficit does not help out the debt situation of America. America has dug itself into a deep hole that is going to take a while to get out of and there is no definite way to get out of it.

Assignment # 6 A.Huddleston

The article "Revenge of the Glut" was published on March 1, 2009 in the New York Times. The author Paul Krugman is an opinion columnist for the New York Times. This article talks about what might have led our economy into a downward spiral it is in now. Mr. Krugman is an American economist and professor of economics and international affairs. Krugman is a recent winner of the Nobel Prize in Economic Science for his take on trade patterns and economic activity. So Mr. Krugman is no stranger to watching the economy, and is educated enough in this subject to make his opinion valid.
Krugman helped predicted; before the crisis happened; that the housing market was going to soon fall. He predicted that it would soon fall to 25% over all and 50% in high populated areas like Miami and Los Angeles. He also blamed the economic fall on two people and they would be Greenspan and Gramm. As Krugman thinks that the housing market was a part of the economic downfall; it was not the only thing. There were several things that got rolled into a ball causing the downhill snowball effect.
Home loans, interest rates, borrowers of money, the account deficit, US currency rate, plus more problems helped our economy be thrown out of whack. In turn the whole world's economy has seen a huge drop. The greed of many people on the political level and else where also did not help our economy. Bankers, Wall Street investors, and many other trading company investors are now having to reap what they have sown. Also, large capital flows ended up flowing into the Untied States placing all the burden on us. It was almost as a tornado came down and hit our economy; causing a catastrophic mess.
If you ask me it was bound to happen almost putting the saying to use. That history repeats itself. Mr. Krugman is trying to inform everyone on how this happened, and argue that we should have seen this coming. I mean how could we have not seen this coming. People buying houses they could not afford, and banks deceiving them into thinking they could. Credit card companies giving credit to those who have already has bad credit. Also the federal government bailing out companies like Bear Stearns in an already overloaded deficit. This then obligated the federal government to help other failing companies; thus making other companies cry wolf. There were several things the government could have done to help stop this but were obviously blinded by other things that seemed more important than this. So now thanks to greed and other things us as Americans now have to face huge inflation, joblessness, and homelessness. Even though we are in a resection if something is not done soon then we are going to slip back into history and go back into another depression.

Assignment #6 C. Slough

The article “Revenge of the Glut” was written by Paul Krugman of the The New York Times and was published on March 1st, 2009. Paul Krugman has a B.A. from Yale University in 1974 and his Ph.D. from MIT in 1977. He has taught at Yale, MIT and Stanford. At MIT he became the Ford International Professor of Economics. He has been writing for the New York Times since 1990.
The purpose for the article was for anyone interested in knowing why the United States is in a hole and why economics works and anyone that doesn’t understand how it works and how we got in this glut. It also describes how many European markets have failed, such as the Iceland, Ireland, and Estonia. For awhile these three were on top of there game with the inrush of capital money that created the illusion of wealth and in the last two to three years the capital bubble has burst. Recently this year Iceland went bankrupt. Also talk about the Asian financial crisis of 1997-98 which back then, twelve years ago seemed like a big deal at the time but no it looks like nothing compared to the crisis now. The other thing it describes is how our money is spread all over the world and now we must get it back somehow. But the basic point of this article is how the United States got into the financial mess it’s in right now. But in the end I believe our country can prevail from this crisis. It was an interesting article the read about.

Assignment # 6 M. Gardner

On March 1st, 2009, in the Opinion section of the New York Times, the article Revenge of the Glut was published. The article was written by Paul Krugman. Krugman has taught at widely known schools such as Yale, MIT and Stanford. Krugman has received degrees from Yale and MIT.

As more time passes on people are asking more about how America got into such a bad situation. This article helps explain how the economy got into the situation it is in. Another topic in the article is how the economy works. In the beginning of the article it explains how the house loans were only a small problem to start with but along with other problems have lead to debt crisis. Into the article Krugman explains how a speech four years ago by Ben Bernanke can be linked to America today. Ben Bernanke is the Federal Reserve chairman. Mr. Bernanke cited “the depth and sophistication of the country’s financial markets (which, among other things, have allowed households easy access to housing wealth).” Krugman explains in the article that this was the revenge of glut.

America has put a good bit of money into other countries but little flow of money is being returned into America. America was more focused on money going to other countries it was too late by the time America realized there was not enough coming back. America bankers ran the world by finding certain ways to enrich themselves. By enriching themselves they were hiding risk and fooling investors. Assets prices were rising, and money was strong and everything was looking fine. Until those investors knew things were wrong but continued till it was kind of too late. As the author states “bubbles always burst sooner or later.” Those asset prices that was rising vanished leaving nothing but debt and a crisis. It’s not like America has only had a crisis like this many countries have. Like any person goes through a rough time so do countries. If Asia made it through a rough time for a year then America should be able to. It’s not understood how much time America needs but the author makes a point we can do it like others. At the end of the article the author states “global paradox of thrift: around the world, desired saving exceeds the amount businesses are willing to invest.” The result in this glut is the global slump American and some other countries are in.

The audience of this article is geared toward anyone who cares and wants to understand why America is in this glut. As stated before this article was in the Opinion section of the New York Times. Krugman wrote this article to express his feelings toward American and the global slump it is in. Krugman also wrote this article to help people understand his feelings and the global slump of America. The overall argument of the article is that America is not the only countries to be in a slump and how it happens and how countries can get out the global slump.

assignment 6 h.wilson

The article, Revenge of the Glut, was written by Paul Krugman. This article was published on March 1st, 2009, in the New York times. Krugman received his degrees from Yale and MIT and later went on to teach at those fine universities. He started writing for the New York times in 1990.
The audience for this article is people who don't know much or anything at all about the economy. Therefore, this article is mostly about the economy and how it works. Krugman talks about how every economy rises and falls and that people just have to adapt to the changes.
He talks about how this is the revenge of the glut and there are money issues with America and other countries. I feel that we are America and we can get through anything. Other countries have been through this situation and came out okay, so I have faith that we will too. We just have to figure out how to get our money back. All in all this was a great article and it taught me a few things.

Assignment #5 R. Wilkerson

In the article “Will: The continuing fall of federalism”, by George F. Will that appeared in The State newspaper was write about the decline of Federalism in the process of electing Senatorial replacements do to the proposal of a new amendment to the Constitution. Russ Feingold (Senator form Wisconsin) with the help from John McCain (Senator form Arizona) wants to amend the 17th Amendment of the Constitution, so that vacant Senate seats are filled by a state election instead of being filled by Governor appointment. Mr. Will’s opinion is that this amendment will effect how the Senate operates. The Senate was designed like the House of Lord to discus and debate the rushed actions of the House of Commands which would be our House of Representatives.
Before the people were give the power to elect Senators they were elected by the Legislature of the States. Which produced some of the most influential Senators in our Country’s history, because the people who where elect were experienced and they knew and understood the Constitution. The process of State elections takes away some of the over lapping Federal and State powers away that were put in the Constitution to be checks and balances. But do to the controversy around the appointment of Senator Burris who filled the seat vacated by Barack Obama, and the Governor of Illinois wanting to sale the seat “because it is golden”. Gives Feingold support in passing the Amendment by say he wants to stop the Senate from being corrupted and it also gives the people the right to vote for their temporary Senate replacement until an official election is held.

Assignment #5 M.Gardner

George F. Will from the Washington post was the author of the article Will: The continuing fall of federalism. This article was posted on Sunday February 22, 2009 on the South Carolina’s home page. South Carolinas home page is www.state.com. The article is writing about the 17th amendment and how some want to keep the amendment and some want to amend it. The simplest understanding of the 17th amendment is about the states and how they select their legislature.

Senator Russ Feingold does not want the governors to fill senate vacancies but rather by voters. Many reasons can come up for a senate seat to be filled. However, in the case where President Obama’s seat was up for sell shows that something should be done. This day in time people need to worry about more important things then selling a seat knowing its wrong and they are going to get into trouble. You hear about all the abusing of powers while in the senate but there are some good things going on. Every state should be able to pick their senate for many reasons. Letting states pick the senate will help will the same party always getting in the senate. The states and local governments do some much on their own why not add this?

I believe the states can not have enough power. The federal government needs to realize that things to need change now! Look where some Americans are now. Overall, the author is trying to make sure Americans understand what the whole deal is with the 17th Amendment. The author is just showing a point in how no matter what happens there will never be total agreement between states, government, and parties.

Assignment 6 A. Denio

The article entitled, Revenge of the Glut, was written by Paul Krugman. He began writing for the New York Times in 1990. He taught at school such as Yale, MIT, and Stanford. Along with receiving his degrees from Yale and MIT. This article was published on March 1st, 2009, in the New York Times, in the Opinion sections of the paper.
This article was written to inform people of how the economy works. The audience is directed to those who do not know much about how economics works. The basic argument of the author is that every economy goes up and down. They just have to adapt.
In this article the author says that this was the revenge of glut. That America got a lot of extra money form other countries from capital inflows. It is just natural that since most countries stopped exporting things that it would hurt us. We as a nation just need to tough it out. It will last at least another year, but I feel that if Asia got through it in 1997-1998 then we can do it. The money has just spread out to too many other countries we need to find a way to get it back to our country. It has happened to every country that has a big boom, you just loose the edge some how some way. When you have a lot of money coming in you have to re-budget to keep things running smoothly. Then when you loose money, you have to re-budget yet again to keep things running smoothly. It was a very well written article, and I found it very interesting to read.

Assignment #5 T Hickam

Well my first thought of this essay is, what is this stuff all about? To me all that the is all about politicians wanting to change the constitution …again! So the source seems to come from the Washington Post. The audience is anyone who doesn’t want to see empty senate seats be replaced by those who where not elected. Personally I think every one should hear about this its informative and every one need to know what is happening to their senators‘. Who wouldn’t want to know that the people you voted for might leave , and be replaced by people you don’t want.
This seemed to appear in the Washington Post , not to mention the website we read it from, http://www.thestate.com/editorial-columns/v-print/story/692551.html;
The main point seems to be very clear. The essay informs us, the readers, that the folks in the senate are trying to change the 17th amendment. Now I understand what Wisconsin is doing and I like it we should have the right to pick replacement senators. It’s just fair that every one should have a chance to vote for their senator.
The audience that this essay is directed toward are people like us who attend classes like this one, but that’s not all. It is for those people who want to stop the changes happening in the constitution. Thou I could be wrong . The argument is about why should we let the senators change the constitution to benefit them

Assignment #5

The article entitled: Will: The continuing fall of federalism was written by George F. Will of the Washington Post. The above mentioned item first appeared in The State on February 22, 2009.
The article was written to inform American voters about how Senator Russ Feingold wants senate vacancies to be filled by voters rather than by governors. I cant say I support the Feingold amendment 100% but why not put the power back into the hands of the people. Lets be honest, those appointed to the senate by governors are not appointed because of what they know but rather for who they know. In all likelyhood Rob Blagojevich is not the first governor to benefit or profit from a vacant senate seat. And we really can do without anymore Kennedy's coming out and whining about a sense of entitlement.

Assignment #5 S.Nelson

In the article Will:The continuing fall of federalism, George Will targets the voting population. This article was published February 22, 2009 in the Washington Post. This article is about the 17th amendment and whether we should keep it the same or amend it. The 17th amendment is about who should elect the legislature, the state or the people. Because not all of governors make the best decisions some think it should be up to the people that they represent. Of course the states want to make these decisions so they can have the power. I think that the people should elect our senators. They are supposed to represent us and if we vote on them they will. It is a shame that a Governor would sell a senate seat to the highest bidder. This just shows what our government is all about. Not to say they are all bad but we look to them to run our country and they are trying to make a quick dollar. Instead of worrying about the 17th amendment I think we should worry whether we will have a job tomorrow or whether will we eat.

Assignment 5 J.Tripp

The article, Will: The continuing fall of federalism appeared in the Washington Post and was written by George F. Will. The target audience of this article was Senator Russ Feingold/liberals...and the people who follow state government very closely.
This aricle states that Sen. Feingold wants the people to have the power to elect a candidate to take the place of a vacated senate seat in a case similar to Baraq Obama. The 17th admendment states that the governor has the power to elect a person to take over the senate seat. In the past election of Baraq Obama, there was some illegal acts that went down that caused the Illinois governor to be impeached. The governor was going to sell the vacated seat to the highest bidder and that's not ethical at all. So Sen. Feingold wants to change the 17th amendment to allow the people to have the power to decide.

Assignment # 5 A. Huddleston

The State.com posted the Will: The Continuing Fall of Federalism article on Sunday February 22, 2009. The author of the article is George F. Will of the Washington Post. The article is on the 17th amendment and how some senators are making a huge fuss over it. Some of the senators are wanting to amend the 17th amendment and the other senators feel that it is "vandalism' against the document; and it should be left alone.
The 17th amendment deals with the states and now they select their legislature. The great divide in the senate is whether or not the state's should be allowed to select their own legislature. Others feel that it should be up to the people of that state to vote on the legislature. Some states feel that when a senate seat opens up due to things like retiring, controversy, or death the state should select the next senator. This is because some governors have not made the best choices at times for the seat. An example of these bad choices would refer to the Blagojevich and Burris trial. This is when President Obama's seat was up for sell in the senate. Also, some of the senate have been abusing their powers while in office.
The people should be allowed to vote for their own legislature. As a country that has some democracy picking the people to run the state should be left up to those who live in that state. Governors picking the legislature can sometimes be a bad thing, because if house has a favor to a party then that party would get picked. Then the same old policies would stay in place and the state would not benefit. Some people are for opposing the re amend of the 17th amendment because they do not want to give any more power to the state and local government. The federal government is afraid that if they give the power to the states then the government would not go the way they wanted to. The author wanted to let the general public know of the dilemma that goes through the senate. He wanted to show that no matter what our government will never agree, and that their will always be that divide between the parties, federal government, and state government.