The Recent Recession in the U.S. and Creative Solutions for Recovery

In this paper, the authors discuss the reality of the credit crunch in the U.S. and where it will lead in the future.They also investigate the role of government actions and interventions during the recent crisis and compare this recent economic recession to previous recessions.Finally, recommendations are presented for avoiding similar crises in the future such as lowering corporate tax rates, offering a payroll tax holiday to U.S. workers, protecting home mortgages, offering states a $500 per capita federal distribution, reducing crippling regulations for business, making the U.S. educational system more competitive, balancing the federal budget, and becoming self-sufficient in the energy sector.