Monday, November 18, 2013
Janet Yellen Shames Congress For Austerity, Being Terrible
http://www.huffingtonpost.com/2013/11/14/janet-yellen-congress_n_4275572.html Due 25 November 2013 at 6am. Who is Janet Yellen?? Why does she contend that "belt tightening" is bad?? What does she think Congress SHOULD do?? What is austerity and why does it cause the FED to react in ways differently than the status quo?
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Jenet Yellen is a Federal Reserve Chairman nominee, she believes that the current economic situation and the "belt tightening" is bad because it has caused the nation to lose 2.5 million jobs, decreased spendings, and lowered economic growth. She believes that congress should help out with the current situation, but unfortunately Congress doesn't want to help. Austerity is the policies used by the government to reduce budget problems caused by bad economic conditions. These policies include budget cuts or increased tax. This causes the feds to react in ways differently than the status quo because of the tight problems it could create by changing economic conditions.
ReplyDeleteYellen reminded everybody that Congress has forced the Fed to act by constantly imposing harsh austerity measures on an economy still recovering from a financial crisis and deep recession.These policies include budget cuts or increased tax. This causes the feds to react in ways differently than the status quo because of the tight problems it could create by changing economic conditions. So Yellen is just keeping up what has become a depressing Fed tradition: begging Congress for help. The problem is that Congress couldn't care less.
ReplyDeleteJanet Yellen is an American economist and professor who is the Vice Chair of the Board of Governors of the Federal Reserve System. This “belt tightening” she is talking about is bad for the economy because of how it has lost us so many jobs and lowered out economic growth. Austerities are policies used by governments to reduce budget deficits in bad economic conditions. This would cause the feds to react to react in different ways than the status quo because of the problems that may be created by changing the economic conditions of the nation. Janet believes that the government should do more but in reality, the government doesn’t really care. They could decrease budget cuts or create higher taxes, but they choose not to.
ReplyDeleteJenet Yellen is a Federal Reserve Chairman nominee. She contents that belt-tightening is bad because it has caused many Americans to lose their jobs. According to the Center For American Progress, belt-tightening has cost the economy nearly 2.5 million jobs. She thinks congress should help open up more jobs for the middle and low class Americans to reduce the financial inequality between the rich and the poor in the country. Austerity are policies used by governments to reduce budget deficits during adverse economic conditions. It causes the FED to react in ways differently than the status quo because the FED has no interest in creating problems by attempting to alter economic conditions. Also, congress does not care enough about the American public to try and change the economic situation.
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Jenet Yellen is a Federal Reserve Chairman nominee nominated by President Obama. She points out that congress has forced the Fed to act by constantly imposing harsh austerity measures on an economy still recovering from a financial crisis and deep recession. She suggests that Congress should step in immediately to control the situation. Austerity has come out of a rolling series of debt crises instigated by Republicans in the past few years, including the deep budget cuts known as sequestration and this year's payroll-tax increase. Under pressure from Republicans, the federal government has cut spending at the fastest pace since the end of the Vietnam War. Government investment has tumbled to its lowest level as a percentage of GDP since 1948. Austerity has hurt economic growth, employment and consumer spending,
ReplyDeleteJanet Yellen is a Federal Reserve Chairman nominee. She stands against the "belt-tightening" (or austerity) of the economy because it has slowed the progress of the economy immensely, in terms of economic demand, rising unemployment rates (according to the article, 2.5 million jobs have been lost due to the belt-tightening system), and income inequality. Yellen simply requests for a "more supportive fiscal policy" that wouldn't entail such a burden on the advancement of the economy. The use of "austerity" refers to various policies the government enforces in order to reduce budget shortages. The Fed reacts in such strong opposition to these policies (which include sequestration and payroll-tax increase), partly because it has a particularly strong negative effect on America's middle class; especially in regards to their job opportunities and income inequality.
ReplyDeleteCurrent chairman of the Federal Reserve, Ben Bernanke, term ends in January and one of the nominees to replace him, Janet Yellen, has recently voiced her dislike of congress. She believes congress has been ruining the economy by enforcing harsh austerity measures. Yellen is currently the vice president of the Board of Governors of the Federal Reserve System. She dislikes the "belt tightening" that has been gradually increasing in Congress. This alone has caused about 2.5 million job losses in America. Other results were decreases in spending and a decrease in economic growth. She believes Congress must step in and take direct action to help the current situation. She says congress need to enact a more "supportive fiscal policy." Austerity is used to describe government acts that are initiated to reduce shortages in the budget. They are used during poor economic situations. This causes The Fed to act differently for they do not want to damage the middle class through policies they create. The Fed isn't interested in changing economic conditions that will cause problems.
ReplyDeleteJanet Yellen is a Federal Reserve Chairman nominee and American economist. She disagrees with "belt-tightening" or the reduction of spending from the government's sternness or austerity, because she argues that it has stunted the economy's growth. She notes the growing inequality between the classes and the employments rates on the rise because of all the jobs that have be lost due to the spending reductions. Janet Yellen proposes that there should be a more supportive fiscal policy that would make recovery be a little bit smoother.The federal government austerity has made it more difficult fro them to get the economy going cause it has made conditions worse- the economy hasn't been recovering. After a recession one would think that spending would be increased to help the economy bounce back but because of the Fed's austerity, the opposite has occurred.
ReplyDeleteJanet Yellen is an economist and Vice Chair of the Board of Governors of the Federal Reserve System. Yellen thinks that belt tightening is bad because it already cost the economy about 2.5 million jobs. She also points out that poor and middle class American’s are being deprived of job opportunities. Austerity is basically a state of reduced spending or being careful about what the government is spending their money on. It is an attempt to reduce expenditures in attempt to decrease growing budget deficits. The FED is still trying to reduce spending on an economy that is still in the recovery process. They’re cutting spending drastically which is not actually helpful.
ReplyDeleteJanet Yellen is an economist and Vice Chair of the Board of Governors of the Federal Reserve System. She contends that "belt tightening" is bad because it has caused the loss of about 2.5 million jobs. Other things that "belt tightening" has done is decreased in spending and a decrease in economic growth. She believes that Congress should step in and take action to help. She also said that congress needs to enact a more "supportive fiscal policy." Austerity is being careful about the certain things the government is spending their money on, and creating a budget. The FED's don't care about altering their economic conditions, so cutting their spending is not helping.
ReplyDeleteJanet Yellen is an American economist and professor who is the Vice Chair of the Board of Governors of the Federal Reserves System. Yellen protests that “belt-tightening” is bad because it has cost the economy nearly 2.5 million jobs and is one of the of the biggest reasons that this has been the slowest job-market recovery since WW11. She thinks congress should focus on deficit reduction efforts in order to also focus on achieving gains in the medium term horizon in addressing those aspects of fiscal policy that give rise to concerns about debt sustainability over the medium term while not subtracting from impetus that we need to keep a fragile recovery moving forward. Austerity is severity of manner. It causes the FED to react in ways differently than the status quo because congress has forced the FED to act by constantly imposing harsh austerity measures on an economy still recovering from financial crisis an deep recession.
ReplyDeleteJanet Yellen is a Federal Reserve Chairman nominee and American economist. She dislikes the "belt tightening" that has been gradually increasing in Congress, as it has been stunting the economy's growth. In fact, it has caused the loss of 2.5 million jobs. She notes the growing income inequality between the classes and the unemployment rates on the rise because of the spending reductions. She believes Congress must step in and take direct action to help the current situation, which would include implementing a more "supportive fiscal policy." Austerity are policies used by governments to reduce budget deficits during struggling economic conditions. The Fed stands against the use of austerity due to the adverse impacts it has on the middle class.
ReplyDeleteJanet Yellen is Vice Chair of the Board of Governors of the Federal Reserve. She thinks that it would be a bad idea for the government to cut spending or "tighten its belt." This is because she believes that spending cuts hurt the economy's momentum. She believes that the only way to get the economy moving is to spend more. She believes that Congress should adopt a more supportive economic policy. She criticizes austerity, which is the massive spending cuts that have been taking place in congress over the past few years. She believes that this is hurting the economy. In the status quo, spending cuts are occurring at one of the greatest rates in modern American history, and Yellen believes that this is dangerous and will fail to foster any economic growth. She thinks that instead the government should end austerity and increase spending in order to encourage economic expansion.
ReplyDeleteJane Yellen is a widely known American economist as well as the Vice Chair of the Board of Governors of the Federal Reserve. She believes that because of the "tightening of its belt" that congress has actually hurt the economy more than helped it. She insists that the correct way to go about helping our economy is to spend more, and more often, and that congress should take direct action, adopting a much more supportive economic policy. Austerity is the way that congress budgets the money, rather unfairly. The FEDs have been forced into this austere policy, though they thoroughly disagree with it.
ReplyDeleteJanet Yellen is a federal reserve chairman nominee she believes that belt tightening is bad because it has the cosy the nation to lose 2.5 million jobs, decrease spending, and etc.
ReplyDeleteShe believes congress should take direct action, she also propose that congress need to enact a more supportive fiscal policy.
Austerity is used to describe government acts that are initiatedj to reduce shortages in the budget. The Feds stands against the use of austerity due to the adverse impacts it has on the middle class.
Jannet yellen is a federal reserve nominee.She disapproves of the belt tightening because she believes it will stop the economic momentum by slowing it down. The thinks too solve this that there needs to be a fiscal policy change.Austerity are the policies used by the gov. to reduce the budget deficits.
ReplyDeleteJenet Yellen is the acting Chairman of the Federal Reserve whom many believe is slated to take over Mr. Bernanke’s position in 2014. Yellen believes that Congressional “belt tightening” continues to keep the US economy stagnant and works against the revitalization of the American economy. These measures have created job losses for approximately 2.5 million Americans and will continue to negatively impact a stronger economy and a sounder fiscal policy.
ReplyDeleteYellen believes that if Congress helped create more work for the low and middle class Americans, it would reduce the gap of financial inequality between those who are rich and those who are poor.
Austerity is the means by which a government engages in deficit cuts, reduced spending, and slashing of public services in an effort to balance a floundering budget. When such austerity measures are employed, then the areas of the economy, politics and society are deeply affected. Economists agree that strong measures to limit spending such as that which has recently occurred in the sequestration of hundreds of thousands of government employees, does result in increased difficulty to revive an already staggering economy. Government investing and payroll tax increases is also added to the growing list of austerity measures. The Fed then cannot keep the status quo so it must take steps to work even harder to revive our faltering economy. Unfortunately, when austerity measures are put in place, economic growth, employment and consumer spending worsen. If a country is already feeling the effects of a “sluggish” economy, then income inequality grows as well. When this occurs, the Fed finds it more difficult to get the economy moving.
Jenet Yellen is a Federal Reserve Chairman nominee. She thinks "belt tightening" is bad because economic growth has had a decrease as well as spending. Also, she thinks that congress should work on fiscal policy to help control the situation. But we all know they wont. Austerity is a state of reduced spending and increased frugality in the financial sector. his would cause the feds to react to react in different ways than the status quo because of the problems that may be created by changing the economic conditions of the nation.
ReplyDeleteJanet Yellen is an American economist and professor, who is the Vice Chairwoman of the Board of Governors of the Federal Reserve System. She believes that "belt tightening" is bad because it resulted in a loss of 25 million jobs decreased spending, and it has hindered our economic growth. She believes Congress should get involved and try to help but they aren't because they don't care. Austerity is a state of reduced spending and increased frugality in the financial sector. This would include budget cuts and the payroll tax increase. This causes the FED to act different than the status quo because they are afraid of damaging the middle class.
ReplyDeleteJanet Yellen is a Federal Reserve Chairman nominee. Her point of view of being against “belt-tightening” is based on the hindrance to economic growth that it has caused (including the loss of 2.5 million jobs and income equality). Her belief is that Congress should be more supportive of a fiscal policy. Austerity refers to the policies that the government has been enforcing as a way to continue reduced budgets. The FED reacts in varying manners because the alternative would be dangerous to the economy, especially for those in the middle class.
ReplyDeleteJanet Yellen is the nominee for replacing Bernanke as the new Federal Reserve Chair. She disapproves of “belt tightening” because it costs the economy jobs, hurts economic growth, and consumer spending. it also takes away more and better job opportunities from the poor and middle-class, raising the inequality levels in the country. She believes that Congress should take on a more supportive fiscal policy as opposed to increasing austerity. Austerity is severe budget cuts hashed out by Congress to try to improve the situation with budget deficits. The Fed thinks this will only serve to bring record losses to the economy.
ReplyDeleteJanet Yellen is a federal reserve chairman nominee. Her views on belt tightening are that it is bad because it has caused the nation to lose 2.5 million jobs and decrease spending.
ReplyDeleteShe believes congress should take direct action,and she also proposed that congress ought to enact a more supportive fiscal policy. Austerity is used to describe government acts that are initiated to reduce shortages in the budget. The Feds stands against the use of austerity based upon the adverse impacts it has on the middle class.
Janet Yellen is an American economist who is also a Federal Reserve Chairman nominee. She disapproves of “belt tightening” because she feels that it has lowered economic growth, caused a decrease in jobs, and cost the nation 2.5 million worth of jobs. Yellen believes that Congress needs to lower the gap between the rich and the poor by implementing a more “supportive fiscal policy”. To do this, the government needs to open up more jobs for the lower and middle classes. Austerities are policies made by the government to regulate budget deficits due to economic hardships. They have caused the FED to oppose these policies because they would harm the middle class. By creating such policies, the middle class would have less job opportunities and a smaller income distribution; the feds don’t want to enforce something that will negatively affect the economy.
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