Running Head : key FOR CONGRESSIONAL ACT ON THE ECONOMYNameTutorCourseDate UniversityCongressman Vito J . Fossella2453 Rayburn House Office BuildingWashington D .C 20515 - 0202October 9 , 2008RE : CALL FOR CONGRESSIONAL ACTION ON THE ECONOMYDear Congressman Vito J . FossellaI am congratulating you for your major achievements in representing the 13th Congressional District - Staten Island and Brooklyn - and the American people at large in the 110th US congress . You have successfully opposed plans to eliminate federal impose deductions for mortgage interest and state and local tax payers , defeated the Brooklyn Veterans Affairs Hospital recommendation of its closure , frugal system the Fort Hamilton military base from its closure by BRAC and service secure 21 billion in rebuilding and securing depress Manhattan in the wake of 9 /11 terrorist attacks . This is a present that you have effectively accomplished your legislation priorities which were on trim back taxes , improved national and social securityHowever , there are many an(prenominal) issues that requirement to be throw up forth as legislative proposals that will further contribute to the betterment of our countrified The frugal performance of our country is particularly vital According to some recent polls , majority of us view the on-line(prenominal) economic crisis as a serious matter that loosely needs stimulation . Economic festering is essential as it will bring forth improved social work , education , infrastructure and availability of quality jobs but tardily a surprisingly high number of Americans have confused their jobs The collapse of major banks such as Wachovia Bank which is adept of the biggest banks shows there is need for congressional Act . Dexia and Fortis banks had to be excessively rescued from bankruptcy . This economic crisis is even affecting the agate line market . Dow J wholenesss Industrial plunged an average record of 777 .68 points in one of the worst drops in one day in the write up of this country .
More bail outs aimed at securing the economy need to be put in place (Telegraph Media Group Ltd (2008In a report by the Worlds Economic meeting place on in vogue(p) Global Competitiveness Report on October 7 , 2008 , the US economy still remains the most competitive in the world . To hold this superiority , the congress needs to buzz off up with unique measures . Some developing economies like Qatar , Saudi-Arabian Arabia , China and India are posing a major threat with their rise as more destination for global investors . The political science requires regulating the legal environment to attract these investors . The major stir up slowing this countries economy is the public s debt that the government owes . It may curtail the fiscal policy in the near future . adept like Klaus Schwab , the executive chairman of the World Economy Forum said , it is more important than ever for countries including US , to put into place the fundamentals underpinning economic growth on development at this wake of uncertainty in the global economic environment (Werdigier . J , 2008The issue of a weakening US dollar against the Euro and other currencies of emerging economies is scaring . Growth in this country has...If you want to get a full essay, order it on our website: Ordercustompaper.com
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