The U.S. economy is in pretty bad shape right now and businesses are not doing so well. There are ways to overturn this bad economy right now but only through the joint-effort of both the government and the businesses. With outsourcing and diplomacy at its worse right now, drastic measures must be enforced in order to stabilize the U.S. economy.
Joint-Effort (Government & Businesses)
U.S. is mainly a service country. That must change where there must be a balance between services and products so the U.S. doesn’t put all their eggs in one basket. Also outsourcing must be heavily reduced which calls for a joint effort between the government and the businesses to ensure a new policy that can benefit both sides. Maybe good tax breaks and incentives for businesses so they would invest back to the U.S. so the economy will be in good shape again. If the economy is bad, so are the businesses so it is a lose:lose situation.
Subprime Mortgage Crisis Reversal
The subprime mortgage crisis is a heavy hit to the economy. One solution is to have the rich buy the houses and rent it out like apartments. Another solution is that the government can start giving out options to new and current government workers (at a cheaper price) to buy houses since their incomes are steady. Last solution would be to reduce the malpractice through new laws and reduce the interest rate to make it affordable again.
Middle Eastern Diplomacy
Diplomacy is at its worse right now with the middle eastern controlling a vast amount of oil. OPEC high price of oil is a heavy blow to the economy because solar energy is still in development. Seek what the Middle Eastern will likely seek to have something to leverage. Water has been the Middle Eastern most primary concern because of their climate. Trading water for oil can be a good solution for now. Improving relationships with the Middle Eastern is a must.
These 3 main issues right now are hurting the U.S. economy. Only through joint-effort, subprime mortgage crisis reversal and Middle Eastern diplomacy will the economy be right again. If the economy slumps, so will the businesses. For Businesses & rich people who will step up to help revive the economy, you will definitely get brand recognition and awards for your efforts. This is the best time to make a name for yourself and be recorded in history.
6 Comments
I think quite printing money, let interest rates rise and the markets will sort themselves out.
Water!! WooooooooT!! We Canadians will be Rich!! ;)) Peace*
Josh- I think at this point there needs to be a government intervention. Time for the government, businesses and the rich to step up =D.
Billy- Water might be the new currency after solar power technology replaces oil. Go where the water is!
Hmm I wonder if it ever occurred to anyone that maybe the government does not WANT to improve the economy? Why else are they dumping millions of illegal immigrants here to provide a cheap form of slave labor? Think about it…
Why wouldn’t the government want to improve the economy? If the economy collapses so will the government. The U.S. is trying to solve the illegal immigrants issue; that’s why it is a key issue in the Texas debate http://youtube.com/watch?v=HloPISq-VKw&feature=related
Been readin’ this particular blog for some time now:fabmaximus.wordpress.com.For those untutored in economics & finance,it’s pretty informative.Dude’s got lotsa posts ’bout other subject matters as well.