Reviving the U.S. Economy

    Our country has developed a lot in the past few decades, so has the deficit from the imports and exports. Americans seem to be addicted to the foreign goods. People can’t get enough of the Chinese goods. Unemployment rates are all time high due to overseas job transfers. The housing industry is declining due to higher interest rates. And the government is busy playing its political games, instead of helping to change the ineffective policies.
    I find it really disturbing that the government responds almost instantly to the higher gas prices and drills the gas domestically, but it fails to keep in check our foreign goods dependency. If we can drill for oil both on and off shores, why can’t we bring back job to our lands? People can’t spend money if they can’t make it. Therefore, returning these jobs from overseas would result in our economic growth.
    Economic disparity has been building for a long time in this country. Wall Street’s behavior was one reason, and the other reason is the big corporations that are expanding their businesses overseas. In doing so, the rich get richer and the poor get poorer. This results in expensive vacations for the corporate employees and almost no vacation for the middle-class people due to unemployment.
    Higher interest rates and the mortgage rates of housing industries are also an issue. The banks receive their cuts before the buyer has a chance to reduce his principle. Let’s say the buyer makes a payment of $40,000, only $10,000 goes towards the actual principle. Therefore, people lose their homes easily because of these unjust rates. 

    The ways we can fix these problems is by government involvement. By forcing the corporate America to produce goods domestically, we can promote both the jobs and independencies.