The U.S Economy, Post-Shutdown
Cidette Rice
Mr.Roddy
IHSS
January 28th, 2019
The U.S Economy, Post-Shutdown
In this article, the author dives into the financial uncertainty that both U.S government workers and stockbrokers are feeling in the times of the Government shutdown. The U.S economy lost $11 billion (roughly $2,750,000,000 permanently gone) over the course of 5 weeks. Officials have made comments on the situation, one of the more popular quotes being, “As the dust settles from the Trump shutdown, it is clear as day that the president’s temper tantrum caused serious and lasting damage to our nation’s economy” from Senator Chuck Schumer of New York. Government workers now fear that their once ‘stable’ jobs could once again, go out of commission stay that way for months.
This article is important because it shows a prominent feature of the economy: nothing is ever set in stone. From Mrs.Dodson, a 26-year-old government worker, “This job was supposed to be stable and secure”, but as the Government shutdown proved, sometimes the most reliable source cannot be trusted. What happens when there’s another sudden shutdown like this? Hundreds of thousands of government workers will be out of jobs, not to mention that there will be another loss in the economy, which could quite possibly be worse than the last. How could President Trump refuse to acknowledge the economical damage and national shame he’s causing with this tantrum shutdown, and still continue to push for another sometime in the next three weeks?
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