The Current State Economy

Topics: Inflation, Monetary policy, Recession Pages: 2 (454 words) Published: March 1, 2013
What Is the Current State of our Economy

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What is the Current State of our Economy
Angella Clarke Auguste
Content

Introduction…...……………………………………………………………………...page 2
Subtitle 1 The current state…………………………………….…………………… page 2
Subtitle 2 What’s the government to do….…………..……………..……………… page 3
Conclusion………………………………………………………………………....... page 4
References………………………………………………………………………....... page 5
What is the Current State of Our Economy

Introduction
This paper is the culmination of research and analysis of the current economy situation of the United States. It will explain the current situation and also provide with solutions that will be helpful in rebuilding the economy.

The Current State
It is known that the economy is intensively damaged and that it needs to be restructured. The current fiscal policy that are in place are good, but measures must be taken to avoid a crash of the market, get the unemployment rate down, and stimulate the economy in the hopes of increasing the gross domestic product and bringing about a surge in the aggregate demand. Although it may take some time for all of these events to take place, this is what needs to be done to get the economy to rise. The consumers and government must also do their parts in order for this economy to rise above the recession it is in now. The primary root cause of the current recession and economic crisis is largely in part due to the huge increase in the issuance of subprime adjustable-rate mortgages and the collateralized debt obligations that they made up.

The amount of subprime mortgages issued in 2005 and 2006 increased drastically, while the issuance of prime mortgages actually decreased. Basically, banks loaned money to people who would obviously default on those loans. People...
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