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Location: AP Econ in the News - Basic Economic Concepts
Discussion: Bush: U.S. economy is thriving
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sunnykim |
Bush: U.S. economy is thriving
Aug 28 2007, 11:42 AM EDT
In AP Economics class, roles of government and its influences on business and economy have been taught to us. According to 'Economics' by McConnell Brue, government is an active but limited organization that provides the rules for economic activity and promotes economic stability and growth. This article shows how a government can help economy of its country to thrive and grow. President Bush said Wednesday the U.S. economy is thriving and he is doing what it takes to keep it strong. According to President Bush, he will cut taxes to help the U.S. economy to grow. If the government cut taxes, companies and citizens will be able to free themselves from pressure of taxes and they will gain larger profit. Thus, like domino, the economy of U.S. will thrive.
link: http://money.cnn.com/2007/08/08/news/economy/bush/index.htm?postversion=2007080814 Do you find this valuable?
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EvanZwisler |
1. RE: Bush: U.S. economy is thriving
Aug 31 2007, 1:50 AM EDT
That is true, but higher taxes can help the government and the consumer as well. If the government can better access it's potential trusts can be broken up and a freer market can emerge. While both lowering and raising taxes can be benificial, the need for new leadership is the far greater problem at the moment.
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rishabhtagore |
2. RE: Bush: U.S. economy is thriving
Feb 15 2008, 3:26 AM EST
just decreasing taxes is not going to be enough to stop the US slipping into a Recession, people are unlikely to spend more, they will just save the money, even if they do spend some, how much will they? It will definitely not be enough. The only way it might just work is if more countries decide to invest in the US!
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andyxu |
3. RE: Bush: U.S. economy is thriving
Feb 29 2008, 10:17 PM EST
So, things that can be done are 1) reduce taxes (least effect) 2) increase government spending aka create deficit budget by borrowing money from other countries 3) inflation = more foreign spending and foreign investment in the U.S. 4) increase consumer confidence by having the president appear in front of national television; i.e. "My fellow Americans, may God bless you all, may God bless our economy, my God bless oil, may God bless the War in Iraq, may God bless John McCain 5) negotiate oil prices in the Middle East by halting the current war.
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