Friday, October 18, 2013

Shutdown Aftermath



     The Newsweek published this article, How the Shutdown Hammered the U.S. Economy, by Leah McGrath Goodman. This article was published to arouse interest, ruffle feathers of supporters of the Republican Party, and yet, inform the less informed. This article subtly raises suspicion at the Republican Party for the elongated 16-day delay the government has undergone. After reading this article, I would not be surprised if some Republican supporters started to rethink their political values. This partial shutdown has discouraged some followers. The writer gives enough evidence that supports their opinions as well as strengthens credibility.  The author pulled a few statistics and quotes from interviews with polling agency Standard & Poor as well as government officials. The author gives statistics using reliable predictions from dependable sources. According to Cavanaugh, “the agency projected that for every week the government was shut down, roughly 0.3 percent of the nations GDP were destroyed.” Marie Cavanaugh is a senior credit analyst at Standard & Poor agency. “The same agency estimates that the government shutdown has knocked $24 billion out of the U.S. economy in just two weeks. That is more than $1.5 billion a day.“ That is more money than I can ever imagine and unfortunately it is not profit revenue. “The bottom line is the government shutdown hurt the U.S. economy,” says Bovino.
     I like the fact that an obvious side is not taken by the author, however through the interviewers opinions leave readers to infer who the culprits are. You can even lay blame on both parties for this “fiscal game of chicken”, says Beth Ann Bovino, chief economist. However, the overall article shockingly focuses more on the issue at hand rather than pointing a finger. This article is probably one of the purest non-biased pieces I have read thus far.

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