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Solution to the current financial crisis.?
Do you think obama's stimulus plan is gonna bring back the trust which is essential for the restoration of the economy world wide?
And this is not an assignment. Im just wondering. I don't think that you can solve it just by throwing money at it
2 Answers
- CHEPIBE72Lv 51 decade agoFavorite Answer
There is an unemployment issue and people are scared to spend. This can turn into a vicious cycle as people do not spend, more people will become unemployed.
Hence the idea for the government to simulate the spending that people would do. So people will start acquiring jobs and not be afraid to spend.
Good Luck!
- Anonymous1 decade ago
I believe trust in the system will be restored when the perpetrators are held to account.
Send some people to jail.
Show me it isn't "business as usual," and the "good ol' boys' network is running the show.
- coldrainLv 51 decade ago
"I don't think that you can solve it just by throwing money at it"
But you can. The only way to get out of this is mess is to spend, spend and spend. I mean for us to spend, spend and spend in order to drive the demand up. Once the demand is up and companies are making money again, then we can on our way to recovery.
