Fiscal Policy and Government Spending
As I look around today, our country is still trying to pull itself out of recession as the unemployment rates are still high as it slowly decreases, along with the costs of living, and its interest rates are nearly zero when economy is expected to be in a bad shape. As for taxes, the tax rate is also still very high itself. Although things have improved over the last couple of years, our country is still struggling to pull itself out of debt and avoid great recession. Our fiscal and monetary policies have had an impact on somewhat of a mild recovery but a long ways to go. What would be the best strategic plan to go about to ensure a healthier and much more stable economy for the United States as a whole? If I were the president of the United States, I’d gather records of economic status and GDP growths today, ten years ago, and 20 years ago. I would identify when the economy was at its peak of success in the ten year mark and the twenty year and compare them with today’s rates. I would then look at components of those records that worked, along with the status of money supply, goods and services, and other relevant concepts that apply to our economic growths and downfalls and look at the supply and demands as well as when those were productive the most and what is today. I would look at the companies in today’s economy and identify which one’s have expanded their businesses into foreign countries. With this information taken under analysis with deep strategic consideration, I would place a high tax on the businesses that expanded their companies in foreign countries as they are providing employment for foreigners at a cheaper price, therefore benefiting on profits and increasing unemployment rates here in their own American country. I would also reconstruct the imported goods to a limit and start becoming independent where we are able. This will allow for our money supply to increase its circulation within our...
Please join StudyMode to read the full document