Friday, July 25, 2008

the current economy

these are some serious times, with gas prices at an all time high, food price fluctuating violently, and the buying power of the US dollar$$$ at an all time low, other countries seem to be gain power. Countries like china, india and brazil seem to be growing rapidly and is becomming huge compitition to the US. all jobs seem to be going to them because they have the technology and the skills to do it. There still is hope for the US in this globalization movement, we need to bring back raganomics to stimulate the economy.
Raganomics involfe 4 main actions/policies, the ifrst is to reduce groth of the government spending. reducing the groth of spending would keep money inside the fedral reserve, cutting inflation drasticly. with a dolar this week, the economy cannot stand too much money circulating, this ould only cause more problems for the already week dolar. so the stimulus package didn't help the economy at all!!!
the second policy of raganomics is what that can truely stimulat the contry in a positive way. ie cutting on the INTEREST rate people. Cutting on the interest rate would influence spending and investments as a reasult there would be more circulation of goods and service and mor money available to put to new developements. would you keep your money in the bank when the rate is 3.o apr or in a stock that give u 5% interest.???
the most vital policy of reaganomics is to deregulate the economy. deregulating the economy would cause people to explore the different ways of makin money. at the same time producing job oppertunities for others. when i say deregulat the economy, i mean stop holding back the oil that is so abondon in the US. take off all restrictions on domestic oil drilling. properbly by doing that, someone would find an alternative energy souce. government should also let private industries come up with an alternative energy souse such as GM. they should not empose laws to regulat the amount of oil a car use or how FAST THAT CAR GO...
lets be real, lets take all of Marx's idears in our head such as, centralizing health care and face the fact that the it would simply devistate the health care system. lets give America its competitive power back, people of the world, these are some serious times, lets face it realisticly and not the dreamy way that the democrats ask us to...the owrld need us!!!

2 comments:

sherada said...

WOW U HAVE SUM SMART IDEAS THERE!!


I LIKE!! ESPECIALLY THE ALTERNATIVE ENERGY SOURCE PART!

sam joseph said...

i kno you would like reaganomics if you new wat it was about..if u took time off to think of the benefits!!!