Economic Recovery – Where Does the Road Begin?
Posted on | April 29, 2009 | No Comments
Guest Article by Tim
In the past month there have been many experts that now think America will start to recover from this deep recession during the summer of 2009. Of course, there are other experts that feel we have not seen the worst of this recession and may be tickling the edge of the next great depression. So, how do you know which way to go? Well, without a crystal ball, you have to become educated on what to look for in determining what the economic indicators really mean.
One of the first places to look for where the economy is headed is in the inaugural speech given by President Obama. President Obama made it clear that he is going to focus on rebuilding America’s infrastructure. He also wants increased funding toward renewable and alternative energy, a re-emphasis on education, and to re-establish leadership in technologies. This wish list along with goals of creating 5 million jobs (over 2 years), building some structure into the bailout money the financial sector has received, and advancing programs to modify foreclosures, should give some weight to President Obama’s recovery plan.
Obviously, the task of turning the economy around will be challenging, if not daunting. To hinder matters, time will elapse between building a strategic economic plan and implementing one. But, watching the progress of these endeavors in Congress and in economic or financial news stories should shed some light on how quickly a recovery plan can be implemented. Once the recovery starts, those that can invest should have already invested in these markets. The question is: Do you, the reader, believe that President Obama’s economic plan is feasible?
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