Is there any real, actual way to fix the economy? It seems both the republican's and democrat's plans have flaws either way because of their opposing views on how things should work.
by 
Blackberry.
ANSWERS: 6
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No. But Mr. Obama's approach, wrong or right, is an attempt. For 40 years the neo-con have tried to make the US Brazil North (with them at the top) and their solution was to give tax breaks to the rich and to start a war to kill off some of the evil poor. I don't care if President Obama fails in ALL his steps. The man is giving it an honest try. If McCain (Mr. "The economy is basically sound) had won, the fix would have been trickle down. If it CAN be fix, it would most likely be Obama's way.
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I don't think the New Deal was implemented very well, but it did help fix the economy. By the time FDR took office in 1933, unemployment had skyrocketed to 25% following the stock market crash of 1929. He put people to work for the government doing some worthwhile projects (the Triborough Bridge in NY City (shown below), for instance, but also a lot of make-work projects. Because they were government employees hired largely just to make jobs, it was almost impossible to fire people. Nonetheless, bu 1937, unemployment was down to 10%. Then the Republicans prevailed and the country backed off the new deal. That produced the recession of 1937, and unemployment spiked up to 15% again. WWII put a final end to the Depression. Even revisionist on the rabid right say so. And WHY? In terms of today's dollars, the US spent $3.6 trillion winning WWII. That's BIG government spending. That's what ended the Great Depression. Maybe this time it would make sense to stop the bleeding before another Great Depression and a new World War which would likely be a nuclear holocaust.
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It is a proven fact that every dollar of government spending becomes two (or more) toward the GDP... Basic Keysian Multiplier... Tax cuts are far less effective (about 1/3 as effective)as people tend to save and pay down debts. The solution is a big infusion of government dollars to stop the downward spiral, put people back to work and inspire some confidence. Yes it is debt, but it will be far less expensive, far less painful to do it now, rather than wait till we are farther down the process.
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Yes, the way to fix the economy is to strengthen the middle class. The way to do this is to create good paying manufacturing jobs. We need to build things once again and have a strong middle class that can purchase these products. It's basic economics. The whole tax cuts for the rich, trickle-down, Reaganomics, Conservative nonsense is not based on sound economic principles...
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Yes, all that needs to be done is to instill confidence in the american people so they don't feel like the world is coming to an end,what brought this mess on from the begining has been the talk of a recession before one even began, americans were convinced that one was coming so it began.This president needs to quit trying to sell this spending orgy and get to work on helping the american people.
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in my opinion, economies tend to run themselves and its when people interfere by propping things and pumping cash that it all goes wrong.its about boom and bust in every aspect, big boom big bust, little boom...etc. its got to happen let it!
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