The current economy of United States is now obviously weaker compared to its economy decades ago. The rate of jobless people increases every month. United States is now at a high risk for a second recession as soon as Obama’s stimulus act is over.

Even though it is possible that there will be a moderate growth by the fourth quarter of 2009 until the early quarter of 2010, the global credit crunch will still leave the investors, business owners, and the rest of America unwilling to spend or even borrow the way they did few years before the economic recession started. As a result, this would lead to another crisis in the economy.

People might have new hopes about the economy’s improvement but the Economic Policy Institute thinks otherwise.

From the report of Larry Mishel, the president of EPI, this instability in the economy may continue for several more years to come. There will be more and more people who will be unemployed and will cause so much hurt in the financial constancy of the market.

But thanks to the 2009 stimulus package, the unemployment rate will be lower than 10 percent. Without the stimulus funds, it is possible that the rate will reach more than 10 percent or even bigger.

If this happens, many families would not be able to survive the recession. A relief for the current worldwide financial crisis must be found or else more and more people will suffer.

People who are living at the southern part of the globe are more confident that the global economic crunch will soon improve and every country will recover. This wasn’t actually their view nine months ago. It was according to the survey conducted by the Winthrop University/ETV.

Those who are living at the Southern states just like the South Carolina said that they are now feeling the improvement of the economy. However, most of them think that they would not have a better job in the next few years.

One of the respondents, Mary Hines, said that more than 3 members of her family are currently looking for work. Jobless people like her are very aggravated with the results of what the Democrats as well as the Republicans had done to the economy.

There is a wide array of foundations that are established in Utah starting from youth activities up to various medical conditions to support less fortunate patients. These charitable institutions are now feeling the effects of the global economic crisis.

As of today, there are more than $130 million worth of funds given to these foundations every year. These funds are used to touch the lives of the beneficiaries in the state of Utah. But experts said that it can be less than that by 2010. As a matter of fact, it can be cut in half by next year.

The foundations in Utah (there are actually more than 400 foundations based in the state) have collected as much as $2 billion.

Although there are still debates regarding the Employee Free Choice Act, people should still remember the real essence of this bout. And this is to give the employees the right that they deserve especially when it comes for their future and moving on to a better life. According to Mike Allen in his editorial section of the Bangor Daily News, the Employee Free Choice Act will allow them to have all the help that they (employees) need so that they can get a better life despite the economic recession.

It is not just the low-wage earners who are supporting the Employee Free Choice Act but the middle-class and the other high-earning workers at the same time. The said act will actually allow the workers to create a union that is no longer controlled by the process of the company where they are working.

CNN recently had a very interesting regarding the stimulus package that President Obama signed in order to help the distressed country.

According to the article, the federal government already allocated as much as $75 billion for the different projects covered by the stimulus package.

As of the moment, almost $15 billion has already been spent for the health expenses particularly with the Medicaid related operating costs.

From the analysis of the CNNMoney.com, in can be really quite difficult to spend billions of dollars and spend it immediately for the good of the economy. Many experts understand the pacing of how the stimulus money is spent. However, not everyone share the same views whether the effort would truly help the economy on its way to recovery.

In order to spend the stimulus money, a billion dollar a day for the different sectors can be spent or at least allocated. Hopefully after a few years United States will be back on its feet and can be considered as one of the most powerful countries again.