Questions:
- Do you think president Obama is doing enough to fight our current recession?
- If we as a country don't act quickly enough, do you think our economic situation can get worse?
- How will the European financial crisis impact our own financial crisis?
Jeremy, in response to your second question, I do believe our economic situation can get worse if we do not act quickly enough. Our economy is in such a terrible place right now and continues to accumulate debt by the minute. We spend way too much money on unnecessary things such as the wars that were involved in and even air conditioning for troops. If these unnecessary spending's aren't taken care of anytime soon, then our economy will continue to fall through the cracks into an even worse state.
ReplyDeleteI disagree with Aaron. The United States' debt is not what is wrong with our economy. The debt is not the cause of slow business growth, unemployment, and a shaky stock market. I do think that the United States is spending too much, but I do not think that cutting spending is going to necessarily fix the economy. On that note, I do think that something needs to be done quickly. I think that the passing of Obama's jobs bill would help quite a bit. I also support the use of federal programs to stimulate the economy.
ReplyDeleteI think your second question is a major issue for today and our own futures. I'd say that if our country does not act quickly enough, not only will the US go into a recession, but we will be faced with the Greatest Depression. The US dollar will be hyperinflated and soon enough our paper money will be basically worthless. How do we fix this?! How are we suppossed to feel comfortable heading off to college and spending so much money for our education if our economy has the absolute potential to fall apart? How much time do you think there is for the issue to be fixed or are the problems to come enevitable?
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