How can we help save the economy?

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  1. kerry11 profile image57
    kerry11posted 8 years ago

    How can we help save the economy?

  2. kerry11 profile image57
    kerry11posted 8 years ago

    Get involved in political and social issues.

  3. Thesource profile image74
    Thesourceposted 8 years ago

    First increase government spending on public works and infrastructure, education, health-care, FBI, border security, and law enforcement.

    The private sector is holding several trillion dollars and is not spending. Therefore there is very poor job creation coming from the private sector.

    Therefore adding governments jobs will inject funds into the economy and jump start it.

    Government will have to take measures to cut the deficit by increasing taxes on profitable corporations and the wealthy.

    They have to cut tax subsidies to wealthy corporations like those oil companies, and GE.

    For example GE paid no taxes for 2 years in a row. Just in 2010 they made $14 billion  (pre-tax). And they pocketed $3 billion in tax credits.

    The largest and the most profitable oil company, Exxon Mobil, paid no taxes in 2009. But they actually received $156 million in tax rebate.

    The oil companies get about $6.2 billion is tax-subsidies from our government. There is more such situations

    This means a hardworking family with husband and wife working two jobs, juggling with children in daycare and earns about $45,000/yr pay more taxes than both GE and Exxon Mobil combined.

    Now the Republican party is trying to cut essential services provided by the government and is pushing to tax breaks for the wealthy corporations and individuals.

    I don't see any sense in what they are doing.

    Please read my hub on Government Spending and Taxes during recession. … -recession

  4. American View profile image59
    American Viewposted 8 years ago

    First we need to dump Obama, then we can hopefully adress the problems


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