How can a country raise its economy?

Question

what are the steps the president, or the governing body, has to take to raise the country's economy?

What do you think...?

Answer 1

You can see by the majority of the answers here that most people have no clue about economics, sadly this is just like America as a whole.

Lowering taxes is one of the biggest keys as well as limiting government interference. When you lower taxes it gives people more of the money they earned and they spend it. Economists will tell you lowering taxes increase government revenue and raising them has the opposite effect. It's really very simple.

Secondly as I mentioned keep the government out of business. Not all together the gov. certainly has a role to play protecting people but not everyone needs protecting. Some people just make bad mistakes and expects the gov to fix it. This usually leads to ridiculous consequences.

I'm no expert and you don't need to be. Take just a few minute to read about economics and the world will be a clearer place. You can look right through the crap politicians try to push down our throats because like it or not economics is a science and the science proves that George Bush doesn't control the price of gas (just one example).

Answer 2

Encourage economic growth through less government intervention in the private markets.
Encourage and reward innovation and entrepreneurship. Stop spending tax money on stupid stuff and concentrate on the things that make a true difference in the future, i.e. education, infrastructure, trade relationships, border security. Stop the pork belly spending packages and get some back bone to stand up for what is ethically correct. Reduce tax rates and stop penalizing the hard working people of this country in order to support the unskilled and unmotivated members of our nation.

Answer 3

I thought the answers were pretty good. I agree that the government can do more by doing less and getting out of the way. Lower taxes, increase free market forces and everyone will prosper. Increase taxes and increasing control will only stiffle inovation and competition.

Answer 4

The government has to lower taxes, to encourage personal businesses to pursue making more money, as well as becoming an attractive place for corporations to come and do business, creating jobs.

Answer 5

Lowering taxes and reducing regulations have repeatedly been shown to be a very effective way of stimulating economic growth AND increasing tax revenues (note: tax rates are inversely related to tax revenues, but most politicians do not understand this basic math).

Answer 6

president - should sing
the governing body - Back ground music,
others:Clap

the complete road show ...wonderful fulltime source of fund /economy raising

Answer 7

there is nothing one person can do cuz its the sum of what everyone is doing. yes spending more money would help. but everything is cyclical anyhow - theres not a lot of control over it. everyone is in different financial postions and that constantly changes

Answer 8

initially they need to go into debt to purchase things like manufacturing, infrastructure etc. its not an overnight process as we in the usa are used to our 30 sec meals. but eventually selling goods overseas builds up the gross domestic product, increasing domestic pay and improving life overall, eventually importing or building luxuries, etc.......

Answer 9

sell more stuff? I think.