Friday, January 20, 2012
How do you think the US economy can be turned around?
Tough question. I would say, one, we need to do something about oil prices and we aren't doing enough. President Bush is not putting enough pressure on oil companies and the Saudis to increase oil production. Demand is growing, profits are soaring for oil companies, and they simply aren't doing enough to reinvest in infrastructure to increase production. This will have a huge impact on overall pricing of goods sold which will lower inflationary numbers. To me, this is the best offensive move we can make. Second, end the war in Iraq. Its working, its working, who cares? We need to stop pouring our money out in military force to combat something that will never go away. This will have a huge effect on the deficit and improve the dollar's value again. As much as I want Iraq to be free, its up to them now. Here's the weapons, go for it. Lastly, we need to do more to increase exports out of this country to foreign markets. The trade deficit is beyond ridiculous and if we want to keep middle cl families employed, we better find something for them to do other than working at Walmart or McDonald's.
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