American Morning

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June 8th, 2011
05:48 AM ET

Question of the Day: What is it going to take to turn this economy around?

In the wake of a disappointing jobs report for May, President Obama says he is not concerned about the economy falling into another recession.

Our Question of the Day: What is it going to take to turn this economy around?
Post your thoughts here. We could read your comment on American Morning.

Filed under: AM Asks
soundoff (15 Responses)
  1. Richard S.

    1. Cut spending. If I can drive older vehicles and look for ways to eliminate extra spending, the government can do the same. This will reduce deficits, strengthening the dollar. The result is lower energy prices and improved confidence in the economy.
    2. Stop government giveaways. Welfare should only be for those who truly need. Just because someone is unable to do their old job does not mean that they cannot find a new one. Require residence legality for ongoing assistance. Eliminate the earned income tax credit, which rewards those who do not work very much. Taxing the rich to give to the poor does not produce value, and what we need right now is production. Let the rich invest or give their own money away.
    3. Impose strict penalties on anyone who hires illegal labor. If the jobs are not available, the illegal workers will return home. Those jobs will then be open to Americans. If there are not enough adults to fill the agricultural need, then our youth should fill in the gap and learn how to work.
    4. Develop our own energy. Drill our own oil, enforce and possibly strengthen patents for those who create new energy sources, and use nuclear power. It can be done safely even if Japan built in the wrong place.
    5. Stop subsidies to ethanol and every other non-economical technology. The government has no business in the private sector.
    6. Repeal Obamacare. Stop frivolous litigation. Allow cross-state health insurance, which will increase competition and drive down costs.

    June 10, 2011 at 12:30 am |
  2. Kate

    Now would be a good time to ask the Republicans when those tax breaks for the rich they got are actually going to start producing the jobs they said they would.

    June 8, 2011 at 7:45 am |
  3. Mark Osborne

    Things will not get better untill the lawmakers (of both parties) which should be doing what is in the countries best interest are not given the opportunity to stay in office forever. How can we expect them to make tough decisions that will save our country when they selfishly look after their own interest, keeping their job.

    June 8, 2011 at 7:33 am |
  4. monica paiva

    Our leaders in Congress need to stop political posturing and get to work, in a cooperative way ... oh no, wait, this is Washington ... we'll spend more time on a member's sex scandal rather than get to the work of restoring our country's economic health.

    June 8, 2011 at 7:21 am |

    If people making under $50,000 didn't have to pay taxes that would boost the economy, They would still pay taxes on everything they buy.Also take away health care for the politicans that didn't vote for healthcare for everybody.

    June 8, 2011 at 7:11 am |
  6. joe

    Same way we did it the first time,turn our backs on our leaders, take up arms and take what we want. As a people.

    June 8, 2011 at 7:06 am |
  7. peter b

    stop the drive to cut government spending. it was attempted in the mid 1930s and just worsened the great depression. Does anyone in congress every read a history book?

    June 8, 2011 at 7:02 am |
  8. Angela

    Consumer confidence and willingness to pay the cost of goods made here. The discount shops are full and the malls are empty. What does that tell you? Also, noone is talking about an aging population with less money to spend and what that will do to the economy. Didn't anyone plan for it?

    June 8, 2011 at 7:01 am |
  9. Joel

    The companies that are sitting on billions in the bank while they "wait to see" what will happen need to realize that they are prolonging the problems ,if not causing them. Obama has given them tax-breaks and tax-holidays but obviously these companies want more...

    June 8, 2011 at 6:53 am |
  10. Herbert F

    It is very disturbing to me that there is no discussion on infrastructure.There can be no growth in our future economy without the basic investment in the backbone of our country.

    June 8, 2011 at 6:53 am |
  11. Bev Kramer-Hall

    Bring ALL troops him and end the war, that will cut costs!!! Then, take the troops and put them along the border Mexico and other borders to keep them safe. This not only ends the war but also creates jobs for OUR troops and keeps us safe!!!! Plus, the Congress etc. needs to have "their" healthcare just like Common People. Thanks, Bev

    June 8, 2011 at 6:48 am |
  12. J. Bart Henthorn

    It will take another disaster of 9/11 proportions. We are always at our best when subjected to the worst.

    June 8, 2011 at 6:24 am |
  13. Asterisk

    We need to keep companies here in United States. And people need to get retrained in specific jobs that are in demand. I just read in Business Week that the jobs are in Brazil, China, and Germany. But that does not helps us here in United States. So people should not get depressed in finding work, if you cannot find a job create one. I went back for my Masters Degree and went into my own business. But you need to have faith and be positive.


    June 8, 2011 at 6:14 am |
  14. Sheila Egan

    Get back the bailout cash back and give it to legal citizens, people who need it and will spend it 2 get out of debt and/or spend it in our retail markets. The "big cats" just give each big bonus'.

    June 8, 2011 at 6:07 am |
  15. Steven S

    Much Smaller Goverment

    June 8, 2011 at 6:07 am |