The State of our Economy - What Measures Need to be Taken?
By newtondak
@newtondak (3946)
United States
June 16, 2008 11:02am CST
I am quite surprises that with the state of our economy, we have yet to hear any candidate address what measures he/she will take to help put our economy in an upward trend.
While it was nice to get the tax rebate, I can't see that those did much of anything to help our economy. Most people used those to pay bills that were already past due rather than spend it to buy something.
What measures do you think our government needs to take to help stabilize and improve our economy?
3 responses
@spalladino (17891)
• United States
18 Jun 08
If even one of the presidential candidates said that he would balance our budget and initiate a nuclear power program here in the U.S. the dollar would rise in value almost immediately. We have the technology and we need to stop being so afraid of it. Combine that with tax incentives for driving dual fuel cars and you would see our dependence on foreign oil decrease causing prices to fall.
@newtondak (3946)
• United States
18 Jun 08
I am afraid that most people can't afford to buy the newer, more fuel efficient vehicles - many are already "upside-down" in their loans on their current vehicles, and without sizable amounts of cash, could neither trade in their current vehicle nor purchase a new one outright. Tax incentives for driving a fuel efficient vehicle is not possible if you can't afford to buy that vehicle.
I do believe, however, that the technology exists to adapt current vehicles to use other types of fuel. Using that technology, however, takes money out of the pockets of the oil companies and auto manufacturers, so that technology remains stuffed away in a file folder somewhere!
@robehren (86)
• United States
18 Jun 08
We do need to get off of oil. The problem is that there is nothing to take its place in the interim. What we need to do now is develope our own domestic sources of oil. While we do that we need to develope alternatives. The problem is our govenment deals in rhetoric and finger pointing and not is substantive action. None of the current candidates have offered solutions. In fact Obama seems to think that the high oil prices are a good thing. he thinks that it will curve our appetite for oil. He fails to realize that the price of oil is tied to everything else. Oil goes up food goes up, electric goes up, the price of socks goes up. Everything we buy is directly affected by the price of oil. Less talk and promises and more action. As long as the American people are placated by platitudes and empty rhetoric the only thing that will happen is we will pay more.
@newtondak (3946)
• United States
18 Jun 08
I guess that tells us who doesn't need to be President!
Our country has oil wells that are capped and not in use, and we have a lot in reserve. Why should other countries reduce their prices to us for their oil when we're refusing to use our own oil.
@xParanoiax (6987)
• United States
18 Jun 08
Number one: we need to strengthen our currency again...which means combatting inflation and debt. Stop spending more than we actually have, and use our money more wisely.
Number two: we need to gain independance from oil. Our entire economy is dependent on it, which means when prices skyrocket and people can't afford to buy alot of it...and it puts a damper on their spending everywhere, our economy suffers.
These two things would really help.
I'm sure there's more things that could be done, but it's late, and my brain's not top notch when I'm tired lol.
