In: Economics
Advise President Trump on a package of policies which will protect the environment and benefit the groups that elected him. State your policies clearly Outline the short run impacts and include the national income identity with the long run effects .
It is the basic duty of every citizen to be aware of the existing issues in the US country and also to suggest some policies to the federal government. In this case, I wish to suggest some powerful policies to the Trump Government in order to nurture the US country's economic development and also to keep the status of the US power as the supreme power in the world to bring original normality in the US economy.
According to my opinion, i want to highlight the features of the policies below in order to bring it to the attention of President Trump. The policies which are i mentioned was very importance one to solve the current issues.
1) The policy relating to economy need to be give first priority. Nearly 70% of the population are expected to resolve the issue of economy of USA. The current economic issue is vested with the problem of unemployment. The policy of equal opporutunity employment should be adopted in order to bridge the gap between the employment opportunities between White Americans and the Black Americans. The recent study reveals that 6.6% of black unemployment (black americans unemployment) prevails and only 3.2% of unemployment among white americans prevails in the current job markets. If the policy of equal opportunity employment is implemented, the rate of unemployment may reduce to the large extent and variations of job opportunities among white and black people are eliminated.
2) I would like to suggest the policy of providing solutions to health care system in the US. In the US country, the premium amount paying for the US health insurance was very costly. Still now the cost of premium insurance was at the increasing level. Though the per-capital income of the US citizens are very high when it compared with other countries, but the people of the US need to pay high cost for the health care insurance. Nearly 85% of the population need to pay premium with high cost. At present the health care insurance is abided by Affordable and Pay Act. Not in all situations the citizens cannot pay the exact premium. I would suggest to replace the Affordable and Pay Act with the new policy which subsidize the preimum in normal level.
Creation of Job opporunties among all the people without any discrimination of race of US country leads to the gradual decrease in the gap of inequality. It cannot be achieved very rapidly. But it may create the impact in the short-run. This is due to some factors like immediate reaction of recovering from recession time which was witnessed in 2008-09. The another policy of implementing health care policy restricts the people to pay premium very costly. The patients who are witnessing the critial problem of health condition can pay less for the insurance which they opted for. This will decrease the medical cost in the short-run.
But in the long-run both the policies are useful. Mass employment opportunities will create demand and the supply of the goods and the services to the large extent. The producers will opt for more production. The four factors of production (land, labor, capital and organization) will benefit from the increased output. The low cost method of paying premium for the health insurance also makes people to save the money for future use in the long-tun.