Economy

The US economy is mostly based on spending from three sources. First is consumer spending followed by business investment spending and finally government spending. Right now business investment has slowed and consumer spending is down so the argument is to increase government spending to get things going. There are experts on both sides of this issue and the question has now turned to what would Romney do since he is opposed to more government spending. The best guess is that he will attempt to free up the two trillion that businesses have overseas and the additional two trillion they have in savings. His plan is to change the tax law to encourage business to bring home their overseas money and to reform regulations to get business to invest. Right now business is unsure of the future and unwilling to take risk. Business leaders indicate that if they cancel Obama care and get rid of all the new regulations that have become law in the past three years they will feel comfortable moving ahead. If Romney is elected and able to get this four trillion into the economy many feel this will be enough to get things going. Which way the country goes will be determined by the election.