ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Politics and Social Issues»
  • Economy & Government

U.S. Economy Contraction in Q1 Gives Presidential Candidates Chance to Talk Jobs

Updated on May 29, 2015

Recession Fears Loom in U.S. After 2015 Q1 Economic Contraction

Is the U.S. heading into a new recession?
Is the U.S. heading into a new recession? | Source

Great Recession Part Deux?

Is the post-Great Recession recovery petering out? While 2014 saw decent economic growth, Q1 of 2015 was rather muted. Originally, the Commerce Department reported that the U.S. economy still grew in Q1...but now it appears that the economy actually contracted by 0.7 percent, reports The New York Times. This quarter of contraction is bad news because, if there are two consecutive quarters of contraction, we have a bona fide recession back on our hands. And with bad news comes a further slowing of business and consumer spending as people hold onto their money, anticipating tough times ahead.

The reporting of a downturn in the business cycle comes just as the political cycle is ramping up, meaning now is the time when voters want the myriad of 2016 presidential candidates to present their economic plans. From Rand Paul to Bernie Sanders, we want to know what these candidates will do to solidify our weak economic growth...or fight what might prove to be another recession. As a high school economics teacher, I am eager to listen to Keynesian, Classical, Monetarist, and Supply-Side arguments from across the political spectrum.

While candidates may dicker over issues like gay marriage, religious freedom, government police powers, and foreign policy, few issues are more important to voters than jobs. The other issues, for better or worse, are garnish to the meat-and-potatoes issues of economics. He (or she) who presents the best commonsense approach to reinvigorating the American economy will win over voters. During a recession, voters haven't the luxury of focusing on issues that won't put more food on the table or allow them to keep their house or their car.

Lesser-known candidates, like Democratic candidate Bernie Sanders and Republican candidate Rick Santorum, now have more opportunity to advance their economic agendas. Both men want to help the working class, though from different angles. News of an approaching recession will give both Sanders and Santorum more of a soapbox. Candidates who focus on non-economic issues, such as libertarian Republican Rand Paul, are now at a relative disadvantage.

If we have a second quarter of contraction, putting the U.S. officially back into a recession, look for Sanders and Santorum to pick up ground ahead of the 2016 primaries. While issues like gender equality, religious freedom, and gay marriage have loomed large thus far in 2015, they will likely be overridden by economic fears if the U.S. slips back into a recession. Speechwriters for all candidates had better start brushing up on their economic lingo!

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. (Privacy Policy)
    CloudflareThis is used to quickly and efficiently deliver files such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisements has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)