Recession Essay Example | Topics and Well Written Essays - 250 words

Recession - Essay Example n increasing consumer spending to be able to gain business cycle expansion which I strongly agree with as I believe that this is one good way to turn the tables around since one strong reason why the US is actually experiencing recession would be the fall of big businesses because of weakening consumer spending (Recovery, F. T, n.d.). This would mean that the US should consider slowing down on pushing for loans in almost any purchase that a consumer could buy which results to slow movement of money in the economy. It does not take too much analysis to know by now that too much credit creates lesser economic activity. However, taking the side of other economists saying that lowering taxes would be the key for US to rise above the recession is totally wrong because of the fact that one of the main source of money inflow in this hard times would hugely rely on taxes and lowering this would make it impossible for recession to get any better as the US government will have lesser funds for the country when it should be able to buy bonds and sell more bonds at the same time increasing the bank reserve requirement. Rampell, C. (n.d.). Second US Recession Could Be Worse Than First - CNBC. Stock Market News, Business News, Financial, Earnings, World Market News and Information - CNBC. Retrieved November 29, 2011, from