The American economy has continued into a downward trend and quickly requires some form of rejuvenation.  The economy needs to be repaired through more money in people's pockets, the disbursement of jobs, and a better economic system. Through maintenance, the U.S. economy can become prosperous once again.

Providing money to struggling companies and people is important to help repair the damaged economy. "Barack Obama and Joe Biden will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. This relief would be a down payment on the Obama-Biden long-term plan to provide middle-class families with at least $1,000 per year in permanent tax relief." It is important that the people of America are given some relief from the economic recession to help cope with bills and taxes during this perilous time. By providing money to the people, some losses can be counteracted. If Americans have money to spend they will help the economy by purchasing goods and services. If these goods and services are not purchased, businesses will need to close and people lose their jobs. However, disbursing jobs is even more imperative than simply providing immediate short-term relief.

Disbursing jobs to needy Americans is necessary to counteract the growing amount of job losses. Due to the damaged economy, many companies are being forced into bankruptcy causing employees to lose their jobs. Other companies are choosing to close their doors rather than restructuring.  The economy is presently in state of great flux.  For instance, in Detroit car manufacturers are laying off employees.  The small businesses in the area that depend on the employees support have to fold also. This snowball effect continues down the chain. Therefore it is extremely important to keep Americans working to prevent businesses from failing. We need to be selective about where to invest our limited resources. "Obama and Biden will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial scale renewable energy, invest in low emissions coal plants, and begin transition to a new digital electricity grid. The plan will also invest in America's highly-skilled manufacturing workforce and manufacturing centers to ensure that American workers have the skills and tools they need to pioneer the first wave of green technologies that will be in high demand throughout the world." By funding and providing money into new promising businesses, jobs can be created for out-of-work Americans. Although creating new jobs for Americans is important to help repair the economy, the foundation of the U.S. economic system itself should amended.

A better economic system is needed to ensure that such an economic peril does not occur again. "The world economy needs short-term stabilization. Yet it also needs structural rebalancing through institutional reforms to allocate capital stably and productively as well as translate the growth created by integration into the broadest possible gains in living standards." Too many industries are focused on individual profit and often overlook the consquences of some actions. Industries should be more focused on profit as a whole and carefully make decisions. Some poor choices made by some industries include(s) outsourcing and cutting corners.; A lthough there is immediate profit for the industry, such decisions damage the economic equilibrium of the U.S.; such actions need to be either limited or prevented. In addition, some of the laws need to be changed so that the government more closely monitors investment firms and the laws that govern them. Any type of scheme that is not based on sound economic standards should be evaluated by the government for possible action. This economic down turn was initiated by the poor oversight of the mortgage industry which should have been more closely regulated.  Overall, the U.S.'s economic system is flawed mainly because it is easily exploited by individuals for profit at the expense of everyone else.

The American economy is in recession and requires maintenance. Disbursing money, creating job, and restructuring the economic system are necessary repairs that need to be applied to the economy. Through diligent effort the U.S. economy can begin on a road to recovery.

 

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