Blog Post

Very recently i saw an article on the internet about how President Obama, very discretely, was trying to get the law changed to so that he may have a third term. This, for me personally, is a nightmare, not just that he would even try something like that, but the fact that he really believes that he is the best thing for America, and that him being in office for a total of 12 years, would actually help all the damage he has done. He would have four more years of major spending and pooling our wealth into other countries, wasting the tax payers money on welfare and trying to support Obama care, which was a miserable failure, and putting more American's out of jobs, and in deep debt. Its about time he started thinking about the greater good, instead of trying to fund his stupid fantasies.
This week in economics we finished our campaign ads which included a tv commercial, radio ad, and a newspaper article. We all presented our ad campaigns to the class, then the town hall committee voted on which ads to take from each group. Overall it was very successful, with all the very well done ads from everyone, we should have no problem getting the word out about our wonderful town of Weserville.
We also started to cover a new topic, the other side of Demand, and that is supply. Supply is the willingness and ability of producers to offer goods and services for sale. And there is one major law of supply, just like the Law of Demand. Producers are willing to sell more of a good or service at a higher price than they are at a lower price, and price and supply have a direct relationship. Just like Demand, supply has schedule's and curves, for both individuals and markets.