Should the President Print More Money?

The Presidents should move to increase government spending in combination with lowering taxes this would have a significant effect on the unemployment figures as the spending we are speaking about pertains particularly to the governments acquiring goods and services from American industry. Roads, civic works and even funding to state and local projects would all cost money, however it is made back, even with lower taxes, because these expenditures’ create jobs, Mr. Burkes’ assumption that lowering interest rates would create substantial change isn’t very feasible as many people have already lost their homes and in the present economy people are unlikely borrow money to buy homes as it would represent and added risk in an already unstable economy, by creating jobs you are now making tax revenue where once you were spending for unemployment and social welfare programs. In addition by cutting taxes you are creating extra cash flows to the American people which would, in turn, flow back into the American economy through spending on the part of the public, so MS. Lees’ thoughts on raising taxes would only further sink the economy as more taxes could realistically lead to more job losses and higher prices on goods and services.

On the monetary side the president should take steps to convince the Federal reserve to increase purchases of government securities, by doing this the public would have yet more money which would also correlate with further economic stimulus and aid with unemployment as more money creates more opportunities for business to grow and be created and as such create more jobs. Ms. Lopez thoughts on selling bonds would only serve business interests and the proper move should be one which would cause the most people to spend more. In my opinion Ms. Tanneys’ suggestion holds the most weight as it is the only one which really takes into account using the public at large to reestablish the economy. Lowering taxes would also epees the public and in the...