2007-11-07 14:55:17 · 23 answers · asked by keshia 1 in Politics & Government ➔ Elections
We've been busy sending our manufacturing sector overseas for years. Now our economy is mostly services-based. The problem is that usually a low currency makes exports more attractive, but with no more manufacturing industries we don't have very much to export any more. It will take years for the economy to recover, if it ever does. The trillions of dollars worth of debt that the Bush administration sold to finance the Iraq adventure coupled with higher energy prices make this problem even worse. The Federal Reserve is trying to solve the problem now with interest rates and by increasing the money supply, but it won't work because the economic fundamentals aren't there. And we haven't even seen the full fallout from the mortgage mess yet.
If Ron Paul gets elected president, heaven forbid, we'll never recover. You don't march into the next century by implementing the economic policy of 1830.
2007-11-07 15:03:38 · answer #1 · answered by Anonymous · 1⤊ 1⤋
The economy is not in president's sphere of control nor is it his/her responsibility.
It is the responsibility of the Federal Reserve and the Corporations that are a part of the NYSE and Dow Jones Industrial.
The world economy is becoming more and more aggressive as new technologies are being exploited by third world countries. We used to have dominant control over many technologies and explicit rights to use and control them... However due to patent rights and reverse engineering our lead has slipped a bit.
There are other factors that contribute to our slip on the economy, which is why we realized that a future hold on the world energy supply is where it is at...... Hence our presence in Iraq and soon to be other Middle Eastern country's....
Our Economy will be in a fluctuating state for the foreseeable future. If you really want to know pay attention to where the money comes from and where it goes!
Humanity has almost hit the pinnacle of discovery for the mini-Renaissance that we are in due to the industrial revolution. Without further discovery and lack of good morality and work values our economy will stagnate eventually.... Its commin! The good times are over I'm sad to say : ( Peace out!!!
2007-11-07 15:06:09 · answer #2 · answered by Gobi 4 · 2⤊ 0⤋
I do agree that the economy is doing well. I saw some of the statistic mentioned in Fox News,and it looks prety good. However, you never hear this from the Alphabet news channel because only negative news to them is good news. I believe the tax cut that president Bush enforced did do a lot of good for the economy. I believe that this was proven before during the President Reagan's era. As far as President Bill Clinton, he was in the right place at the right time. He was a great president for doing nothing. He simply let thing take it own course. The welfare reform was signed by him, but was put together by the Republican control congress.
2007-11-07 15:13:47 · answer #3 · answered by Kenny 2 · 1⤊ 1⤋
It's going to be really tough. Bill Clinton had a great advantage as he was able to balance the budget during an unprecedented economic boom due to the rise of the internet. With such a huge debt and so many unmet needs, reducing the deficit will be really hard, and it's not likely we'll see another huge new industry come online at just the right time. We're probably looking at twenty years of recovery time if we're lucky.
2007-11-07 14:59:24 · answer #4 · answered by Anonymous · 2⤊ 1⤋
(ECONOMY) The econmy is strong . The next president should have no trouble. The spell checker might make you look more intelligent.
2007-11-07 15:00:32 · answer #5 · answered by carolinatinpan 5 · 1⤊ 1⤋
The President (believe it or not) does not have strings to pull to control the economy. The economy is like a wild beast it does what it wants. In fact, the economy as it stands right now is not down, instead it is in a state of transition.
2007-11-07 14:58:53 · answer #6 · answered by DJTT 3 · 3⤊ 1⤋
The president doesn't recover the economy.
2007-11-07 15:07:29 · answer #7 · answered by MST 4 · 1⤊ 1⤋
If its Ron Paul, it will take a few years for the IRS to be eliminated. And we can eliminate the IRS overnight if we can get government back to its year 2000 spending.
Getting back on the gold and rare earth mineral standard will be a longer path, but one that must be taken now. It will save is in the future, because now the dollar is only worth a dollar for the first hands it touches after its printing.
*Economy is doing well when the dollar looses 10% of its value every year? You need to be in the stock market, and make over 10% gains to have your money maintain its value at this rate. Froget that 0.5% savings account! Even government bonds wont hold the dollars value now!
...Ehh, who cares. Lets print a few trillion more paper dollars and hand em out... Inflation who?
2007-11-07 14:57:59 · answer #8 · answered by vote_usa_first 7 · 0⤊ 6⤋
It took President Clinton less than 8 years. Perhaps the woman balancing their personal checking account will be able to top that. Come on people - get off your femalephobic pedestals and think about it!!
2007-11-07 15:04:19 · answer #9 · answered by Katie P 1 · 1⤊ 3⤋
What's wrong with the economy?
The Dow is over 13 or 14 THOUSAND points.
Actually, there is something wrong with the economy - too many people are hiring illegals.
2007-11-07 15:36:42 · answer #10 · answered by Starieberry 4 · 0⤊ 2⤋