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Is there a viable, quick "stimulus" plan for the economy?
I hear so much bashing back and forth about any actions taken to attempt to stabilize the economy, but haven't heard a reasonable, realistic approach as of yet.
As far as I'm concerned there is no quick fix, magic pill or other miracle cure here, yet so much negativity about what measures are being put into place.
To those of you with so much negativity, tell me what YOU are doing to help get things right.
4 Answers
- Anonymous1 decade agoFavorite Answer
Yes there is, forget all these "trade agreements" that have been made in the interests of big business. Keep the buy american clause in the package and stand by it. Start manufacturing again by giving loans to small businesses to buy equipment to make the products we are going to need in this stimulas package. Take back the steel industry and make pittsburg the steel capital of the world again. Stop worrying about our so called trading partners they won't start a trade war with us because we keep their economies going, and if they won't sell it to us we make it. American companies that send material overseas for the cheap labor then send the finished product back, put such high tariffs on them, that it makes the practice uneconomical. Start drilling our own oil, it not only supplies jobs offshore, but the manufacturing of the machines, pipe, onshore support companies that transport the people, food, and equipment offshore, and the states that supply the oil recieve royalties to add money to the state coffers, for more teachers, cops and infrastructure. Build more nuclear power plants, every other country is doing it, and we developed the technology. Keep working on alternative sources of energy but give MIT and other universities the money to develope it then other incentives. Start sending some of these housing scammers to jail, and they are doing the right thing by lowering rates, but we need jobs to even pay that. We have to start producing again instead of buying all our goods from overseas, or nothing we do will help. The label "Made in America" is getting hard to find. Start manufacturing goods again, and the rest will take care of itself, we have turned into a service state, so how can we not have the trillions in trade deficiept that we have, we don't make anything anymore.
Source(s): Common Sense - justaLv 71 decade ago
No there isn't any quick fix, no one but Republicans say there is, and Republicans only know that Obama can't fix it.
I'm doing what I always do, live within my means, save, don't buy things I don't need. Keep my bills as low as possible.
Know what costs me the most? Over half my income is paid in insurance. House, car, life, and a very small health policy, that really doesn't help much, but its all that I can afford.
So I don't have room for extras, and there isn't much I can do but hold my breath and hope we all get back to work.
Broken Veteran...All the other nations are in the same fix if not worse...they aren't going to buy our products either.
- Anonymous1 decade ago
Of course.
Make a product the rest of the world will want to buy from US.
Money coming in, not going out is the stimulus we need.
- Anonymous1 decade ago
No there is not. Too much damage to fix quickly