Even the heads of states in G-20 don't seem to have clue about fixing the econom

  1. G P Tripathi profile image75
    G P Tripathiposted 9 years ago

    Even the heads of states in G-20 don't seem to have clue about fixing the economic depression looming over our heads. What do you think is the remedy?

  2. Barbara Yurkoski profile image56
    Barbara Yurkoskiposted 8 years ago

    It's a complex problem but more consumption isn't the answer.  That's what got us into this mess, not to mention the environment.

    We need things that people are reluctant to accept, like better regulation and a more even distribution of wealth, and people with integrity who care about their society, not just themselves.

  3. Rheagl profile image75
    Rheaglposted 8 years ago

    It is simple!  Follow the format that Ronald Reagan used when he brought us out of the mess Jimmy Carter made.   

    First, lower the business tax rate BELOW 20%.  This would drive American companies not to leave and encourage foreign business to come here, infuse large volumes of cash to start their businesses and create millions of jobs.

    Second, decrease the regulations on industry (especially automotive) so that they can lower the costs of their products.

 
working