Thursday, September 15, 2011

The Jobs Plan and New Orleans


Summary:

This article talks about how the ideas that President Obama is coming up with to help administration in our country, will not work for New Orleans. Governor Jindal wants to have a better energy sector, and then there would be a better energy environment, which can lead to more jobs. Since Katrina, we have had a better rate of employment, but it is still around 2 percentage points lower than the nation average. The nation itself has lost around 4.5 percent of jobs due to the economy. Michael Hecht thinks that what the nation needs is a better base of jobs that can give people middle class mobility.

Analysis:

Due to the economy, there has been a big increase of unemployment and according to the most recent data; the nation has lost 4.5 percent of jobs. President Obama has a plan to create jobs but Governor Jindal worries that the administration’s plan for jobs might not work in Louisiana. Post Katrina, there has been more need for employment which raised our employment percentage, but it is still low and the rest of the nation is suffering. Jindal thinks that in order for a better employment rate, Washington needs to get the energy sector working again so we can have a better energy environment. This is important because the post- Katrina recovery jobs will not last forever and it is important that before the economy loses money again, there can be a steady base of great jobs. But there is a difference of opinion over how to do this. Governor Jindal, who is a Republican, believes that it is not about government but about the use of the private sector to create jobs. President Obama, who is a democrat, disagrees and believes that the only way employment rate will go up, is to work with the government so that the money people give will be able to eventually help the economy.

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