How can the government resolve or mollify the economic crisis?
It's conspicuous that there is a nuance of extol and disappointment. So, what would be a tactical way to lead the United States out of the economic catastrophe since Obama's methods are being castigated and reprimanded? It's obvious that enormous spending is not a shrewd method to utilize. What other ways can we assuage the economic nuisance?
Asked By: SiLeNce the AffLictioN - 7/8/2009
Best Answer - Chosen by Asker
The number one thing to do would be what FDR did back in the last economic crisis. Invest in infrastructure. This way the following will occur... More
Answered By: WWWdingoWWW - 7/8/2009
Additional Answers (2)
How about if they do nothing and let the market correct itself! dingo.. all FDR did was extend the depression by 7 years!
Answered By: Homeless in Phoenix - 7/8/2009
I would disagree that enormous spending is not a shrewd method of solving an economic crisis. Basic economics teaches us that the GDP is equal to consumption plus government spending plus investment minus taxes plus export/import surplus. Thus, the best way for the government to stimulate the economy is to either raise... More
Answered By: Nate - 7/8/2009
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