America needs to do more for financial recovery

Is US economy recovering?

Many bubbles and stock market movements give the US and other nations a false notion that US is back on the road to recovery.

Since the recession that started in 2007, the number of unemployed has risen to 15.7 million and the September 09 saw 190,000 fresh job losses registering the highest unemployment rate of 10.2% since 1983 which is alarming.

Another alarming fact is that dollar is losing its value fast adding to the woes of not only the US economy but the world economies at large.

It is clear that the policies of the Obama government need to be reviewed and revised for better results not only to ensure the progress of American economy and its citizens but also the entire world at large.

The US holds more than 8000 tons of gold and at current rates $19 trillion. Selling a part of gold and pumping it into the economy may fasten the economic recovery.

The policy makers in the US need to act fast to bring the glory back to the American economy by discussing viable alternatives that give short term and long term results. The present economic situation calls for heavy government spending like during the depression days and it appears that financial stimulus alone will not work wonders in the current situation.

The US recovery is important not only for the Americans but also to the entire community of nations as a financially strong America with happy citizens boosts the growth and progress in all the other nations. A weak America slows down the growth and progress in other nations too. The fate of world economies hangs on how successfully America recovers financially and how soon.