7 Ways to Fix the Economy
Anyone with half a brain can see that the U.S. economy is in a malaise. It’s just muddling along.
Unemployment is still high. Economic growth is low. Prices are rising for goods and services (just think
gas prices and food prices). Job creation is low (people you know that have been unemployed are still
unemployed). Small businesses are still struggling to survive given decreased demand and tight credit.
The real estate market is in the tank; house prices are still falling and foreclosures are likely to spike
this year. The banks are still in trouble, despite what the Fed says and does. Federal budget deficits
continue to be the norm, requiring additional increased in the national debt. There’s still a risk to the
U.S. economy from the economic crises in Greece, Portugal, Spain, Italy and so on. All of these factors
paint a pretty bleak picture for the health of the economy.
I wholeheartedly believe that the U.S. economy is on the brink of a double dip recession. I would even
argue that the current environment is still recessionary even if it doesn’t meet the technical definition
of a recession. I suspect if you’re one of the millions of Americans struggling right now you’d probably
agree with that. If you’re doing well, you probably haven’t been impacted too much or noticed what
everyone else is going through. Sadly, it’s a situation of those that have a job prosper while those who
don’t have a job suffer, which on a side note is a sad reflection on President Obama’s class warfare
strategy that is attempting to divide this country. While we may not be able to stop the economy from
slipping back into a recession in the short term, we can take some actions to fix the economy for the mid
and long term horizons. I think there are seven actions that need to be taken to get the economy back
To Read My other Blog posts, click on each corresponding 'fix'
#1 Lower Taxes
#2 Cut Federal Spending
#3 Abolish Minimum Wage
#4 Confidence in Leadership & Administration
#5 Massive Infrastructure
Fix #6: War
Nothing gets an economy going quite like a good old-fashioned war. Unfortunately, wars
are expensive both in terms of financial and human resources. The wars in Afghanistan and Iraq
really stimulated the economy earlier in the decade, but it required a good deal of spending
and with little financial gain. If we’re going to have a war that pays for itself, we need to get
something out of the other side. In the case of Iraq, we should have taken their oil. Oh, wait
a minute, the liberals thought that was the whole intention of going to war with Iraq and they
demonized President Bush for it. Did we get any of the vast oil reserves in Iraq? No. Has it help
us in any way financially? No.
If we want a war that stimulates our economy and pays for itself, let’s take on Iran. We can
go in and wipe them out pretty easily. We make Iran the territory of East Virginia, take total
control of the area, and take the oil for ourselves. Let’s see, Iran has something like 150 billion
barrels of proven oil reserves. At $100 per barrel that’s something like $15 trillion dollars. It
wouldn’t cost nearly that much to take out the regime of Iran and take over the oil fields. So,
let’s see, we become energy independent, gas prices fall, the war machine creates jobs, we can