Overall economic condition Comment classmate from Jam: While the U.S. economy is very slowly recovering, if there is not a faster rate of job creation and people and business don’t start to spend more...

Overall economic condition Comment classmate from Jam: While the U.S. economy is very slowly recovering, if there is not a faster rate of job creation and people and business don’t start to spend more money, then this recovery could potentially take a decade. So what needs to happen for faster economic recovery to occur? Well, the QE3 will help, but jobs need to be created, people need to be put back to work, the U.S. Congress needs to provide a little help, fixing the roads, bridges and other decaying infrastructure, more people need to pay tax. With added job growth and more people spending money, the economy should be repaired faster than at its current rate. Comment Prof: Author: James ClooneyDate: Thursday, September 20, 2012 12:46:36 PM CDTSubject: RE: Overall economic conditions While the U.S. economy is very slowly recovering, if there is not a faster rate of job creation and people and business don’t start to spend more money, then this recovery could potentially take a decade. So what needs to happen for faster economic recovery to occur? Well, the QE3 will help, but jobs need to be created, people need to be put back to work, the U.S. Congress needs to provide a little help, fixing the roads, bridges and other decaying infrastructure, more people need to pay tax. With added job growth and more people spending money, the economy should be repaired faster than at its current rate. So you are suggesting more government spending would help and that taxes should be raised! Who should pay the higher taxes? The 47%? The 1%? What about more borrowing? Any one else has an opinion on this subject of how to increase the economic growth rate?