Interview people about the economy Essay

The tidy sum of the orange County be an optimistic bunch. Yet, wholeness quite a piffling cipher this optimism slowly fading away into the darkness. For a clownish which is so close to perhaps worlds biggest entertainment hub, this is non a pretty picture. It would be wrong to blame the people. Little has g whiz justifiedly for the county since the stintingal time come to the fore of 2008, the effects of which be chill out quite visible. For a county which was already suffering from one of the more than serious unemployment problems than comp bed to the average figures of the United States of America, the recession of 2008 has spelt doom, and its repercussions can still be felt. suffer the case of the 34-year old Mr. Matthews who had a small computer storage sell electronic goods. However, with most people who gave him patronage, out of jobs or saving up for the bleak future, on that point atomic number 18 no takers for his once steadily selling shop of televisio n sets and radios. His completely hope is a government bailout, so that his customers switch more specie in their hands, or in separate speech communication greater purchasing power so as to indirectly get him out of this mess. Mr. Matthews situation is in complete contrast with Mrs. Mosby who is a secretary with the topical anesthetic anesthetic government authority.She has been affected very(prenominal) little by the 2008 economic recession nevertheless maintains that she is concerned just about a lot of her friends, whose businesses stool shut or who commence been shown the door in their jobs. The scarce subject of this recession on her is that while her pay has not increased, prices of many commodities of even off general use have gone by which shamblings it difficult for her to make the ends of her abode meet. She is for the moment thankful that she has a government job, just now strongly advocates that it is the states responsibility to begin her fellow citi zens a job which at the very least promises them adequate means of survival.Recession and the deteriorating economic situation is a concern not only to those who are currently affected by it, only if also those who may be affected by it in the future. return key the case of 24-year old Mike, who is a final year student at the local university. He agrees that the arouse in the air can be felt by all, and even though his university manages to put together a small calling fair every year, it seems a difficult proffer this year. Although in the top half of his class, Mike admits that acquire a job which helps him repay his educational loans he took for college, at least currently, seems to be a intimidate task.He is hopeful that by the time he graduates, the situation would improve. He doesnt make a case for out and out state intervention, but hopes that the state would help big economic powerhouses by giving them incentives and subsidies. Things have turned sour for those who ar e self-employed as well. Take the instance of a lawyer who has his own practice, Miss Timberlake. Litigation has require suddenly too expensive, and people seem to elect to hold up matters for now. Even matters of home foreclosure have got delayed for now.People are looking at otherwise normal litigation procedures as a luxury service, which they are un competent to afford at the moment, and are not as big a priority as say aesculapian and health expenditure. Health insurance companies are facing the heat as no other according to Jeff, who whole shebang at one of the biggest insurance companies. The health and medical costs have spiraled over the last a few(prenominal) years. The fact that people have very little disposal income, and are defaulting on their regular gift payments is making the matters worse for the insurance companies.Their beingness no solution in sight, people are bit to each other and urging them to perform acts of gratitude. For instance, appeals are bei ng made to doctors and other hospital module to give up a days pay. People are becoming much more cautious and conservative in spending their money. For instance, the junior siblings are getting their older siblings clothes. The insurance companies jadet have enough cash menstruation in so as to be capable to cope up with the increasing medical costs.This spells a disaster not just for one or two companies, but for two industries which are brisk to the US economy health and insurance. Whether there is a way out of this mess is the million sawhorse question facing everyone right now. The companies in two sectors, however, are optimistic and hope to see things up(a) with the Obama administration. Obamas success in being able to pass the health insurance bill is being seen as a huge positive and people seem to be oddly comforted by his words of promise. Job creation is what people are currently looking forward to.Perhaps, the only sections of the smart set who have nothing to lose right now are the school going children. However, it is amazing how the economic crisis has made way into their everyday conversations as well. David who is only 14 is angry at the whole situation. He maintains that the whole crisis is the fault of the government, which allowed risky investments to be made. He is also unhappy about the liberal policies which have allowed a bulk of the work to be outsourced to other destinations where labour is much cheaper.Stricter laws are needed, he argues emphatically. Those who are retired have been hit badly as well. Their award schemes and other insurance nitty-grittys are simply not enough for them to be able to make their ends meet. al-Qaida foreclosures are likely and in the offing, and this has most of them disturbed. Take the case of Mr. Andrews, who is 66 years old and survives on a small pension scheme. Recently the prices of even basic consumables have risen so sapiently risen that he is finding it difficult to make the ends meet.His old age means that it is much more difficult for him to find a job as compared to other freshers just out of college. He is worried that if the State fails to take some concrete step soon, many Americans could be tinkering on the verge of sharp-set poverty. Take the case of Mr. Murdoch who is a stock food market analyst and broker. In the economic recession of 2008, he lost close to $100,000. He says that he is devastated and doesnt know if there is any hope remain for his business, and whether he will be able to animize it in the closely future.He is currently part between the idea of continuing his business, or pickings up a small job somewhere. However, he himself laughs at the irony of it all, given that it would be near impossible to find a job anywhere. He also feels responsible to many of his clients, who he was performing for, and have lost a considerable amount of money in the stock market. At the aforementioned(prenominal) time, however, he is quick to po int out that investment in the market is subject to market risks, and therefore, one is understood to have assumed the same.