If you are made U.S.president ,what's your plan to fight recession?

@muru1950 (964)
India
December 17, 2008 1:56pm CST
Today in U.S,the burning problem is recession.About two millions of jobs are already lost.So the buying power of the average people is low.So so many manufacturing industries are in bad ecconomical position.To bring the ecconomy back into normalcy,If you are made U.S.president what will be your action plan?
1 response
@uath13 (8227)
• United States
17 Dec 08
Technically there's not a lot he can do. It comes down to corporations getting rid of the corrupt officials who are milking their companies & the country dry & putting in some hard working responsable people to run them & the consumers haveing the oportunity to buy good quality merchandise at REASONABLE prices. The whole bail out of the auto industry is just that. A bunch of top dogs need a lot of money for their companies so they can keep getting their outrageous saleries. They're still going to lay off all those employees because nobody's buying their products. You can't keep a work force to produce something just to let it sit around & rust since it won't sell & expect to be a viable company. The solution....Let them fail. The country would of course plumet into an even worse depression but eventually people would learn the lesson & rebuild with some sense of responsability that is presently lacking.
1 person likes this
@uath13 (8227)
• United States
17 Dec 08
Too many thoughts ran together there & I didn't get them all out. Our present currency system is also sorely lacking. The dollar only has value according to what it's supposidly backed by ( gold in the reserve ). Gold is a luxury item whose value fluctuates... Is that what we need our currency based on? The new currency should be something that actually keeps its value WITH inflation, something like the GALLON. A GALLON would be equal to one gallon of gas ( which everyone uses & whose inflation matches or excedes the inflation of the economy )& would be redeamable at any gas station for it's fuel equivelent. This would take away the gas companies ability to screw with the prices since a GALLON would always be worth a gallon. For them to get more profit they would then have to try to find more efficient ways to get the gas out of the ground, refined & into the stores. They then wouldnd't be able to have the extreme effect they had on our economy. Also the goverment needs to make certain types of loans ILLEGAL. The B.S. the loan companies came up with to get people into getting those outrageous loans was worthy of a con artist. That needs to be properly regulated & people should be tought about such things in school. Lets get some actual useful lessons from history instead of just learning names & dates... O.K. off the soap box for a minute now...
1 person likes this
@muru1950 (964)
• India
17 Dec 08
Of course I do agree that the top heads salary is not proportional to their share of contribution to the company.Even when the company is in red,only employees at the bottom get wage reduction or job loss.The heads don't sacrifice anything,even though,their planning only may be the cause for the company's bad economy