Economics 101

Few people know anything about Economics. Unfortunately, many people like to think they do. ITT discuss economic issues that may arise in the world. For example, one thing many of the people I know love to say is that "this president has spent more money than any other president in history." I'm sure the majority of you have heard this stupid comment made by more than one republican in the recent past. Unfortunately for them, OUR president has cut spending more than any other president in recent history. In fact, there has never been another president that has cut spending down to the amount Obama has since Eisenhower. That is probably the most talked about Economic issue in the past few years. Many economists like Dean Baker claim that this is not the issue that we should be discussing since the debt really doesn't matter. The issue we should be discussing is trade. Our net exports are in the negative which doesn't do good for our GDP. For those of you who are new to economics, the GDP is one of the primary indicators about how are economy is doing. It basically tells us how much our country, as a whole, is spending. At the start of 2008, our GDP went down for about a year, however since then, it has went back up consistently. So fortunately, our GDP is not in shambles, but with our vulnerable economy, we need government spending to increase, net exports to become a positive number (we import more than we export and that is why it is a negative number), consumer spending to stay increased, and investment to stay increased. Our major problem is the trade deficit, so to do that, we need to weaken the dollar so that more foreign companies will buy our exports. As a result, 6 million jobs will increase, and in the long run, save us from another recession or a depression.