Life and Times of Alex Esguerra — The US Economy

Yes We (Still) Can, a Preview

Pubblicato da Alexander Esguerra il


Yes We (Still) Can

As my writings are more link to current issues and events including current governments, I normally don't do a lot of reading and writing on the past.
For some reason, I was convince to preview the few parts of this book precisely due to the humble introduction made by the author, Dan Pfeiffer when clarified through his Reader Beware annotation saying that the book is not about the Obama years, continuing that he is not an historian but mostly a journal of how remembers his Obama affiliation, and Obama's last Pod Save interview with him. He wanted to connect the present state of politics and his thinking on the future is why I sort of said it may be relevant to the present.
This book is a side by side challenger to Trump's America authored by Former Speaker Newt Gingrich where he compared the anti-Trump Coalition and the Trump die hard. Contrary, Dan Pfeiffer navigates to Why and What happened to the election of the new president which leads to the Anti and Pro Trump coalition in Gingrich's book. The main relevance for me is that Pfeiffer tries to create an argument to young people that politics is worth engaging to. The very essence of why I continue on youth advocacy through my blogs and writings. I do credit the author Former President Obama as indeed it was in 2008 that change the scenario of US elections when the young people in that election was historic in votes making Obama President. 
As Pfeiffer explained, just on the Obama written book of Dreams of My Father, touch on being young, mixed cultural race towards a rising minority to the highest office in the most powerful country in the globe. The author himself cited his personal travails starting in 7th grade in Japan, his recollection of the politics and presidents from that time forward. Later towards Obama's presidency that he created his executive order on DACA and the Dreamers knowing the broken immigration system. Obama knew it was not going to be on watch even if some day there was indeed an overhaul on the immigration system.
His first year in office was spent on the Financial overhaul and modernization needed to come out of the deep recession. Any business person including the current commander in chief have a an understanding of what and why this crisis was. Of course how the statements of the current administration on this a deliberate attempt of mere discredit to a legacy.
The Affordable Care Act in another issue has been debated through this day at the start of the new administration. The goal of eradicating a legacy keeps popping up from all fronts including fake news and the democrats. As I end on this short commentary, another interesting piece I read while previewing this upcoming bestseller is on how President Trump has change the traditional ways of Presidential communications.
On this part regardless, I will have to agree on how Mr. Trump has revolutionized the structure of easy communications from a sitting president through constant daily tweets. This part I find President Trump also a businessman gains credit. The files of paper overloads and staff just to answer letters and communicate by previous presidential staffs  were tremendous. Not only had we reduce waste of paper etc.., The Office of the President has shown a better each to reality. I would end on what Dan Pfeiffer said that instead democrats should be looking on the history on how Obama won in 2008 using social media and the youth instead of looking at each tweet President Trump does everyday.




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The Economy in 2017 and where we stand!

Pubblicato da Alexander Esguerra il

Amidst the slow growth in the past 2 years globally being long term. economist projects that in the initial part of 2017, the US economy will rebound in lieu of 3-8 % increase in consumer spending since the holiday season started.
It is said the projected GDP growth in 2017 will be around 2% contrary to the projections of 4% of the incoming US President Donald Trump. Inflation was greatly controlled in 2016 due to the low price of oil and crude.  The strong US dollar partly is credited to the lower oil price in the markets around  a target of $50/barrel next year.
The Bureau of Labor projects that Healthcare jobs will play an increased significantly next year especially those with occupational merits having Masters Degrees. These jobs with be followed by computer related job growths as well as educators.
As the legacy of outgoing President Barack Obama in establishing the economic recovery after the financial crisis in 2008, we should focus on educating ourselves on our careers by learning more adaptive skills towards our jobs. Another area is looking at the stock market improvement towards reclassifying retirement and 401 k plans.
The initial uncertainty of a new administration on the White House will trigger an increase in interest rate and inflation on the early part of 2017 as new rules and ammedaments like the Affordable Care Act may or may not be a huge effect on the new state of the US economy.
The markets for sure will have a wait and see attitude towards new regulations and administrative orders from the new executives in the Trump administration.
As of this writing, we consumer spending towards the christmas and new year continue to revitalized the GDP.
Where we go from here in 2017 again will be a next chapter.
Happy Holidays and a more prosperous 2017.

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