How to fix the current economic crisis?

Answers:1   |   LastUpdateAt:2012-09-30 12:40:04  

Asked at 2012-09-18 07:15:05
I have to write an article on how to solve the current economic crisis ... MedlinePlus MedlinePlus But I wonder what exactly the crisis . Unemployment obviously bad mortgages and loans (which was the cause of the crisis? ) Stock market is not a spending / investing ... that ' s not the essence ? MedlinePlus MedlinePlus Also, my father told me about something that Obama is making normal . will buy all the bad debt , and just wait until it gets better , and then sell it back to the banks. But what is this plan called ? I can not find anywhere online . MedlinePlus MedlinePlus Besides, there are good arguments to explain why reducing taxes will not work in a crisis like this ? Or maybe even the form of tax cuts that would work better ? Because I personally do not think spending billions of dollars is intelligent , although the govt debt is , for the most part , pretty sure . I just think it's irresponsible and must find other ways . MedlinePlus MedlinePlus Anyway, I 'm only a teenager learn about all these things , although the economy . So please be honest and give me as much information as possible .
Answer1Bhuwan guptaAnswered at 2012-09-30 12:40:04
Things got hot and well above the infra structure had to support it, so now it's more of an adjustment period , an opportunity for everyone to realize that we can not live all the way beyond our means , and we have to pay the debts and loans we make. MedlinePlus MedlinePlus Bad debts came from a culture of bonuses to greedy people who encouraged many people to live beyond their means , get mortgages they can not afford to pay , buy things they do not need , more and more people could not pay , declared bankruptcy and now we are left with the bill .
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