United States Election Cycle Analysis

This election cycle has been one full of turmoil and constant excitement. The voting that will occur at the end of the year will determine the future of the United States in many different ways, especially within the economy. People need to better understand how lobbyists and different organizations rule the political scene and how this effects each of them individually. Interest groups will lobby on capitol hill and carry a huge political punch with funding and many votes that come along with their support. Politicians will bend over backwards to please these different groups and give them the price floors, price ceilings, or subsidies they want to maximize their profits and their producer surplus. Most of the time, this will injure …show more content…
The lobbyists are benefitting greatly from their time spent on capitol hill. However, each individual is only affected incrementally. The majority is not going to band together to fight this because the opportunity cost of doing this is higher than the price of the subsidy or other price fixing that has occurred. With this in mind, citizens of the United States need to become educated on the candidates that are currently vying for the presidency. They need to know where they stand on important issues and how their different policies will affect them personally. If each member of society did this there would be less corruption in the political scene. People need to become educated on how policies affect the economy. Especially things like minimum wage and unemployment. A misunderstanding that runs rampant throughout the United States as a whole is that if minimum wage is increased, then unemployment will decrease. If only people took the time to understand the economy and how policies and laws will affect them either positively or negatively. The importance of becoming educated and voting for the candidate with the benefit of the majority in mind is becoming ever more prevalent as the time