Packaging For Tomorrow

CJess asked:


The following is a brief paper I wrote for my Economics class:

Under the direction of President George W. Bush, anti-trade and anti-business sentiment was on the rise. As the countrys economic problems have gotten worse, the pro-market theme has not so much become less as disappeared. The administration has been forced to swallow what remained of its commitment to market forces and deregulation with a $250bn bank recapitalization.

It seems safe to assume that US finance will change profoundly as this crisis works itself out, regardless of whom the country chooses as its next president in the upcoming election. Simply restoring the stringency of some earlier regime is not an option. Better regulation is needed, but history shows that designing it will be difficult. A new approach to financial regulation would hardly signify the end of American capitalism.

In the short term, the recession will shrink the tax base and worsen the excess of spending over revenues. The eventual bill for the current rescue package is likely to be less than $700bn, since some value will be recovered from the assets and equity that the Treasury acquires. American capitalism would surely retain its distinctive vitality, which springs from a zeal for competition, innovation, and sheer hard work that seems bred in the bone.

Does this seem OK?
It’s supposed to be one page, but it falls a little short. Is there a way I can expand this?

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