Friday, August 24, 2012

Economic Crisis Prevention


People say we need to step up foreign investment, but our economy is such an upside down situation because of irresponsible actions taken by our leaders. Policies that were meant to give good short term returns, did not turn out as well as expected, which made things even worse in the long term. Again, the comment published in the London Times in 1865 (link below), should have been taken as a compliment, and therefore given our citizens more reason to protect it even more. We have never been free from England.
How well fiscal and monetary policies work together, towards making the citizens of the United States live more comfortably is reflected in GDP. Our country is taking steps in the right direction as of 2011. After looking at the GDP charts, you can also see that our government has done a pretty good job in getting us out of the hole, and growing again. However there is still a long way to go.
As they say, “Hindsight is 20/20”, and there are some things that I would have done differently. However the people with the tools, the knowledge to use them efficiently, and the ability to use them effectively were either sleeping on their desks, working towards greedy goals, simply under-qualified for their jobs. If I were to say that I would have done anything differently, I would have taken the advice given in the London Times in 1865, and given the control of my people’s money back to them.

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