What do you think will get the economy moving again?

Question

I think people just need to ignore all the negative talk around them and just spend. Buy a house or buy a car. Of course if you can afford to you still have to use common sense. But don't let the negative talk and news hold you back.

Answer 1

I agree with you that the media has made people negative when we should be positive. We had 2% growth last quarter, so we're growing and definitely not in a recession.

Also, the Iraq war is a real success, so we'll be bringing many home now.  The war costs come from a different pool of money, so that doesn't affect our economy anyway.

Drilling more for oil and opening up more areas to explore is also a good idea. The US hasn't had an oil spill in nearly 40 years, but there have been spills by foreign suppliers who don't follow the same precautions we do. Reducing imported oil would solve that problem.

Removing the restrictions is the key and we could do that if Pelosi would let us. She won't even allow a vote on the subject and that's wrong. And now she's gone off on a 5 week vacation while the problem is still not addressed.

I guess that explains why congress has the lowest approval rating in American history. I wish democrats would listen to the people more.

Prices on housing are low, so it's a good time to buy a house. Things like that run in cycles and if people realized that more they wouldn't worry so much. A down market is the time to buy, not fret. That's what smart investors do.

Answer 2

more government checks

Answer 3

Wel it all has to do with the war in Iraq and Oil.  I think the president and congress should open up offshore drilling so that USA oil companies will begin exploring for oil there. Then put restrictions on where offshore it can be drilled.  Also instate better regulations that help prevent oil splills.  Just by enacting this change the price of oil will go down thus the cost of gasoline.  Meanwhile start an industry of more economical cars.  We are spending 330 million dollars a day in Iraq.  We need to delibertly pull out.  Maybe leave camps or Forts around Iraq with Troops for major uprisings.  Kinda like we do in south korea.  The war is costing us and the USA is making more money to pay for the war deflating our currency.  My ex wife is from Canada and before the war I would send like a $100US and they would recieve $155Can now if I were to send $100US they would get $99Can.  We basically need to make our dollar stronger. Oh and set up installations in Afganistan and gain intelligence were the enemy is out and send Platoons of Special Forces in.  We need to find Bin Laden.  this will reduce costs and save lives.  

Answer 4

Yes...you make some good points.  Part of the reason why the economy stays bad now is because people are saving up.  But if people spend too much, it will make things worse.  A big reason of why we got in here in the first place is because people spent beyond what they could pay/afford and bought mortgages that they couldn't pay back.  Plus, if people spend more, that could make problems worse in a way.  It could send inflation up.  So, I'm honestly not sure if people should spend more.  My opinion so far is that consumers should be careful for now and be cautious.  But the government should provide some small tax breaks and all.  Then people should spend, and spend carefully.  But spend enough to help boost the economy.  Yet that could be a short term solution.  But it could work.

Hm I was also wondering when the economy would get better.  Well I read an article today.  It was from Bloomberg news.  According to them, a chief economist believes that the economy will start to recover in a year.  So we'll have recovery in 2009.  Spring or Summer of next year things will get better.  I have hope for the economy.  Oil prices have gone down lately.  Also, Doug Pautsch, former division head at Centrex Homes says that the housing market will start to recover next year.  So I believe the economy will be on its way to getting better sometime in 2009. There is optimism for the economy.  It just is going to take a somewhat-annoying while.

The economy is strong.  Its a pretty resilient one and I believe it will continue to stay tough- even if a recession hits (it may not for a while because GDP growth recently was pretty positive, yet lower than expected...so it could hit later this year).  Hang in there everyone...and oh yeah the Iraq War and Bush aren't the main causes of the economy going poorly.  They played a role.  Bush allowed the mortgage companies to be deregulated.  Yes, Iraq has cost a lot of money. And yes Iraq wartime/peacekeeping expense has added to our national debt.  But, its not the main cause.  The main causes include mortgage companies giving too many loans, bad weather causing food to not have a good year, high demand of oil from other nations, world overdependent on oil (yes that's to blame on President Bush), (though not totally) and interest rates being cut- making prices go up.  Interest rates decreasing causes problems.  More money is out there so dollars become devalued.  So let's stop finger pointing at Bush (though he does deserve some blame, especially for the rising national debt and poor policies) and Iraq.  Iraq is actually doing better these days...violence has gone down.  But that's besides the point of this question.  I'm not sure what we should do, but we should just do what we can (and maybe even spend some more if we do so cautiously- it must be done careful ways) and not fear too much.

Answer 5

It is hard to guess.  We need to dig in for the long run.  I have seen these cycles many times in my lifetime.  Just protect yourself and your family.  It may get much worse.