Reflection for a year living on the brink Essay Example | Topics and Well Written Essays - 250 words

Reflection for a year living on the brink - Essay Example He is convinced that the current regime has failed to address escalating tax rates, the failure of the current Obama regime to revive the economy through the American Recovery and Reinvestment Act. The article is interesting because it addresses the ailing economic situation in United States and the world at large. The author investigates the possible causes of the economic stability such as entrusting financial duties to central banks and previous systems that capitalized on labor protection at the expense of job creation. Though the failing economic failure can be solved through a change in regime, countries should address the economic anxiety with practical financial policies. A financial system that empowers all taxpayers is one of the potential ways of improving the current economic situation. An able leader combined practical financial or economic policies can revive the economy of United States and the foreign systems that depend on it. However, the crises should not be addressed in general but the measures should be customized for each economy. Henninger reveals that Chancellor Gerhard Schroder reformed German labor market successfully in