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Mr. President,
After listening and reviewing the opinions of the consultants, I have come up with the following recommendations to help with the economic recovery of our country. Ms. Lee suggested raising taxes and decreasing government spending. I do not agree with Ms. Lee. I believe that increased government spending would result in new jobs. Offering incentives such as tax credits to employers who hire new, unemployed workers will bring about new jobs. Decreasing taxes will create more disposable income by individuals and corporations which will put more money into the economy. Increases consumption leads to increase jobs, profits for corporations and real GDP. Increasing taxes in the short run would hurt the spending power of people, but increasing taxes in the long run could be a way to help tackle the deficit.
Raymond Burke suggested that you as the president should lower interest rates to help businesses. However, the Fed is the only one that can lower interest rates. Expansionary monetary policy that lowers interest rates would allow businesses to have more money that can be invested back into the economy. Lower interest rates would also give individuals the opportunities to borrow money which would help jump start the economy as well. Money borrowed today would have to be paid back in the future which would help in the long run.
I also do not agree with Patricia Lopez who suggested raising the bank reserve requirement. I believe that it would be more beneficial if the government lowered the reserve requirements in order to be able to loan out more money to individuals and business who could then invest it.
Direct stimulus from the government is another way to help increase spending. Monterey policy can help provide incentives to individuals and businesses to spend money, but it does not increase the actual spending itself. If government

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