Reference
Luhby. T. (2009,February 16). States counting on their slice of $787B,CNNMoney.com. Retrieved February 18, 2009, from http://money.cnn.com/2009/02/13/news/economy/stimulus_states/index.htm?postversion=2009021609
Summary
According to the article, states are counting on their slice of $787 billion. This money will be used for Medicaid, education and infrastructure. It can help states on the budget gaps. Most governors are calculating how much they can get from the $787 billion. Also, there are still many people losing their jobs. The money is a big help for the states. There was a stimulus package that provided the money. Most of the money will be used to help for Medicaid, transportation projects, and education. But the money cannot help the states for everything. They still have to do something to fix the problem. The people can find some chances for jobs after the money is used. Someone said that the money is just to keep the people working during the hard time.
Reaction
Right now, the economic problem is not finished. The government has used $787 billion for Medicaid, education and infrastructure. As I know this is the second time that government has paid for the people. As I said in my first RRJ, the government will spend $200 billion for the economic problem. Right now, it is almost $200 billion. I do not know if it is enough, but the government did the right thing again. Using the money for the Medicaid, education, and infrastructure was a right decision, because they can show the people that the government is strong enough for the economic problem. It also can make sure that people can work hard during the hard time. There are still some budget gaps in the states. It is difficult to fix, but I think the governors will find a good way to fix them.
Monday, February 23, 2009
Tuesday, February 10, 2009
RRJ #2
Reference
Tymkiw, C. (2009, January 31). Gas prices: Up 14% for the month. CNN Money. Retrieved February 3, 2009, from http://money.cnn.com/2009/01/31/news/economy/gas_prices3/index.htm?postversion=2009013114
Summary
According to the article, “Gas prices: Up 14% for the month,” the gas prices are going up. The gas prices last Saturday were 14% higher than the start of the month. The prices were on an upward trajectory for most of this month. But the prices are 38% still lower than the same time a year ago. It’s also 55% lower than the highest price of $4.114. We do not need to worry about the prices become $4 soon. The drivers started shying away from the roads in the summer; this is another reason to cause the gas prices to go down. Because of the crude oil prices were dropping-off, the gas prices also were pushed lower. Saturday, there were only 5 states where gas prices were above $2; the cheapest gas price was $1.535 per gallon.
Reaction
As a driver, I think gas prices being still lower than before is a good thing. It helps me save a lot of money. But the lower gas prices also show that the economic problem is not finished. This money for the gas prices was 14% up; I think it’s a good thing, because that means the economy is better. There are many reasons that cause it, the gas prices, the crude oil prices, the auto companies, the season and so on. Half month ago, the US government spent about $1,000 billion to help the people. I think this also influenced the gas prices. I hope that the economic problem will be solved, but I do not want the gas prices to get high.
Tymkiw, C. (2009, January 31). Gas prices: Up 14% for the month. CNN Money. Retrieved February 3, 2009, from http://money.cnn.com/2009/01/31/news/economy/gas_prices3/index.htm?postversion=2009013114
Summary
According to the article, “Gas prices: Up 14% for the month,” the gas prices are going up. The gas prices last Saturday were 14% higher than the start of the month. The prices were on an upward trajectory for most of this month. But the prices are 38% still lower than the same time a year ago. It’s also 55% lower than the highest price of $4.114. We do not need to worry about the prices become $4 soon. The drivers started shying away from the roads in the summer; this is another reason to cause the gas prices to go down. Because of the crude oil prices were dropping-off, the gas prices also were pushed lower. Saturday, there were only 5 states where gas prices were above $2; the cheapest gas price was $1.535 per gallon.
Reaction
As a driver, I think gas prices being still lower than before is a good thing. It helps me save a lot of money. But the lower gas prices also show that the economic problem is not finished. This money for the gas prices was 14% up; I think it’s a good thing, because that means the economy is better. There are many reasons that cause it, the gas prices, the crude oil prices, the auto companies, the season and so on. Half month ago, the US government spent about $1,000 billion to help the people. I think this also influenced the gas prices. I hope that the economic problem will be solved, but I do not want the gas prices to get high.
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