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Is the US economy in a recession?

Results so far:

Yes
83% 361 votes Total: 437 votes
No
17% 76 votes

by Taylor Johnston

Created on: August 05, 2009   Last Updated: August 06, 2009

Simply, yes the U.S. economy is in a recession. Even though the stock market is going up and oil prices are going down does not mean we are out of the woods yet. We have a 10 trillion dollar deficit and rising. Soon the taxes will be raised on both sales and income, programs like cash for clunkers do help the environment and the middle-class man or woman, but we are still spending money!

Also, the health care bill will help the economic growth of America long-term so we should pass it soon, but we should start regulating, and terminating programs that are unnecessary such as, Cash for Clunkers. We have already hit the 1 billion dollar goal it was supposed to hit in a week. So if we terminate that, we are saving more money.

The Housing Market

The government should go in and start buying houses that would raise the prices of houses in that area, and also it could house federal employees during a conference so we don't have to use the people's tax dollars to pay for high price hotels. If the government also gets a chance at buying a whole suburbia, they could rip it down and build an army base.

The Military

We should privatize the military so that we can start letting people on to the base for a fee, and then they can fire all the big military guns, ride in tanks, and fly in one of those big cargo planes and then jump out for sky-diving. This would increase government revenue by millions. Even though it would make the "best military on the face of the Earth" look like a theme park fun house.

The Stock Market

The government should start going in and buying some stocks from companies that are in the red because this would raise the stock price for the company, and people who owned part of that company could sell it for a lot more money. Then the government could sell back the stocks at a lower, equal, or higher price.

Next, the government should sign a deal with General Motors to sell them cars at a flat rate of $30,000 until theie debt is down and then the government can sell all the stocks they have invested in the car company giving them a very big payout, and they don't look like they own General Motors.

Finally, we terminate IRS and the income tax program and raise sales tax to 15%, that way the people have more money to spend, and the government gets a bigger payout on the items business sell.

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