2006-09-25 16:39:51 · 4 answers · asked by Myrna 1 in Education & Reference ➔ Homework Help
Cut the Prime Lending rate to get entrepreneuers to invest business and for businesses to hire people, who in turn get jobs and buy more things.
This is also called "Trickle- Down Economics" or Reaganomics from President Reagan in the 80's.
2006-09-25 16:49:02 · answer #1 · answered by captn_carrot 5 · 0⤊ 0⤋
Spending half a trillion dollars in Iraq and running up record deficits causes a rise in interest rates to pay for the money they need to borrow. This prices some people out of the housing market and others out of various markets. This causes a ripple effect through the economy.
I see no effort to reverse this trend. I haven't figured out where the administration gets these rosy statistics because the average person in this country has been hurting for some time now.
The main economic sector that has been sustaining growth is the housing market and that is cooling off. Think we are entering a recession?
2006-09-25 23:57:03 · answer #2 · answered by williamh772 5 · 0⤊ 0⤋
It's a foregone conclusion unless they can force all the jobs that have been moved overseas back again.
2006-09-25 23:47:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
quit putting our tax money in thier pockets and overseas and invest in the usa.
2006-09-25 23:47:58 · answer #4 · answered by Shan 2 · 0⤊ 0⤋