Sunday, February 19, 2012

recession

In our recession I don't think there is just one answer to fixing this problem and there is no guarantee that it even can be fixed because so much is dependent on the confidence people have in the economy which can be very unpredictable. The obvious way would be to create jobs in our communities, have government or privately funded road works and such, but this could be difficult because so much of manufacturing is done overseas now days so the factory jobs are not available to citizens here purely because it is cheaper in other countries. So I believe that the government should also promote companies that are rooted here in the United States because they are providing jobs to citizens here. Also individuals should think before they barrow money from banks. When people start borrowing more than they can afford and the market crashes there are large consequences which then also weakens the economy due to the fact that people are consuming less. Overall I don't think there one thing that can be done to fix the economy, this is a process that needs to happen over time.

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