There are so many people who are very pessimistic about the future of the American economy. There are a lot of people who do not believe that the American economy is going to be able to pull itself out of the hole it has gotten itself into. But the thing is, there are a lot of economic recovery lies. And here are some of them:
First, we should always remember that no matter how depressed a country is, it can still pull itself out of whatever economic rut it is in. The key to economic recovery lies in a number of things like keeping the interest rates low and keeping unemployment at an acceptable level. If unemployment is high then the economic recovery lies in stimulating the economy with more jobs. Jobs don't just appear; they have to be created. And when more jobs are created more people will have money to spend.
Second, another important element of economic recovery lies in increasing consumer spending. And that's where things like debt consolidation and consumer credit counseling come in. When more consumers are able to take care of their financial obligations through these means then more companies and banks will have the money necessary to create more jobs.
Third, the economic recovery doesn't lie in tax cuts for the rich, nor does it lie in massive cuts to the government that would hurt the poor. Yes, there may be times when tax cuts for the rich do make sense. But it's a false economy because what usually happens is that businesses begin to pass on the tax cuts to consumers, resulting in lowered consumer spending. The true economy is one that's based on consumer spending.
Another thing that we should remember is that economic recovery doesn't necessarily rely on government intervention. Sometimes it makes more sense to let business run their course. The key to economic recovery lies in allowing the free market to work its magic. That means protecting the freedom of businesses to provide goods and services at whatever level they see fit. The solution to the current global economic crisis isn't found in governmental intervention.
Instead, the solution comes in the form of free market capitalism. In fact, it's the most efficient way of providing economic opportunity. When the government tries to step in and interfere with that process, it causes an unbalanced playing field which benefits no one. Let's face it. If the government wanted to step in and fix the economy, they could do it by . . . . . . printing more money, increasing corporate taxes, or creating new economic regulations. Instead, they've learned from the free market, and so it's the consumer who winds up footing the bill.
