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Is the US facing another economic depression?

Results so far:

Yes
84% 162 votes Total: 192 votes
No
16% 30 votes

by Donald Carvell Donald Carvell

Created on: March 07, 2009

America is broke without money that is not borrowed. Depression is just the tip of the ice burg in America. economically America is broke. The amount of money going out of America is more then incoming money from export. Freezing prices is not the answer to depression. Getting big business to reinvest in America is a big answer long term. America has long stood as self reliant. Now most every product is imported from other nations.

Mortgage companies have trashed the housing and construction markets. Bailing out the home owners would be more cost affective for America. Economic depression will only end when America starts making more of our own domestic products. America must get big business to make more home based products to become more competitivein free systems market places. American regrowth in all market places will bring hundreds of billions in revenue. tax dollar's will flow back into America.

Restructuring our world debt with lower interest rates will also help. depression will-only slow when world debt slows in interest payments. Extending long term loans at a lower interest rate will leave payments more flexible for America. Bailing out rich companies that have squandered hundreds of billions will never solve economic depression.

Giving Federal grant money for American reinvestment by car companies mortgagecompanies would work better. American car giants must begin making electric cars and electro magnetic cars for cheaper prices saving oil dependency. America is broke there is no money. Economic recovery comes from economic reinvestment by all American companies. The best chance to recover long term world debt reconstruction of interest rates on world debt .

Rebuilding the countries infrastructures will help make America Strong again. Reeducating the employees to work new jobs will help stabilizeunemployeement . Thee are many step to secure Americas debt. Cutting over wasted government spending will help. Make congress account for every tax dollars given to any state project. Government must hold all big business accountable for all borrowed money. American reinvestment is a big way to raise the nations already faltering economy.

Making american free markets more competetive is another way to raise sales tax revenues. Americas must have a nation wide state by state rebuilding plan. This saves money creates jobs helps America grow again

Get our troops out of Iraq or pay them with Iraqi money. Government spending has to be cut by hundreds of billions of dollars. Long term America could avoid major depression by unity of business government people spending. Our free market system works it just needs business reinvestment by American companies. A working government would help bring some of these changes about. Money going out nothing coming in makes American depression.

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