Surprising Truth of United States Economy

            The United States economy is going to become stable within a few years. The US unemployment rate was at 8.9 percent as of May ninth. This number is the highest in many years of a great economy, but it is only projected to rise to at the most 10 percent by 2010. This means that from that in the next eight months, the unemployment rate is only subject to change 1.1 percent then from the beginning of May to the end of December. This number is much more stable then past numbers such as 7.6 in January to 8.1 percent in February to 8.9 percent in May. The economy is on its way to becoming more stable due to government funds being put to work in the proper areas, the stock market rebounding due to confidence in the market and increased spending, and by companies taking advantage of the industries and investing in new innovations.

            The first step to stability is having the government spend money wisely on works that will not only save large companies, but also open up new job opportunities. President Obama issued a 787 billion dollar stimulus package to try and save toxic assets that have caused banks to fail. This money is being put to good use. It has given people more confidence in the banks and is also keeping jobs that are found at those banks. Another way that the government is helping to mend the economy is by issuing a tax cut on mega millionaires. The cut is going to cause these mega millionaires to keep 91 billion dollars over the next ten years (8). This is beneficial in many ways. It is giving money back to the extremely wealthy, which in turn will cause them to create jobs through small businesses. The mega millionaires are able to keep much of their money, but in turn have to pay an estate tax, which only effects the super wealthy. The tax is only going to be effective to 0.02% of the population that owns such large estates. This tax is only going to help the economy. While it is taxing the very wealthy, almost all American families are never going to have to pay the tax, which allows them to focus money on their small businesses. This tax cut and estate tax are letting the wealthy keep their money to reinvest in the economy, while also taxing them for the property that they own. This type of government spending is what will get the US economy back to stability.