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.

            The stock market will also play a part in the rebuilding on a reliable economy. The stock market is falling due to the lack of confidence in businesses. With the lack of confidence comes lack of investors and then fall in stock price. The investors are beginning to gain back confidence which will only increase over the next year (6). The market has been steadily recovering from the last lapse of the stock market(5). With a stronger confidence in the market, spending actually increased in February for the second month in a row (6). The economy has been increasing slowly, which means “less bad is a prelude to good” (5) Since the confidence is increasing in businesses, money is beginning to circulate the economy again. With the increased spending causes increased businesses activity which then causes more business expansion which opens up new jobs. The whole process of recovery might take a few years, but with the constant increase in confidence in the markets it will put the US on the right track to a booming economy.

            Another way to deal and help solve the economy is to keep an open mind to investment opportunities and for big businesses to invest in people to look for new innovations. With the housing market at an all time low, houses are being sold for very low prices. While some people may look at this as a bad omen of the economy, it could also be looked at as a way to help the economy by presenting a new investment opportunity (4). The foreclosed homes or just homes being sold for low amounts of money could easily be sold for minimum prices and then resold once the economy is turning around for the better. The reason many people are not taking advantage of these investments opportunities is fear. Rather than thinking and taking a risk on something that could personal benefit their own finances as well as the economy, they decide it is too risky and do not invest. Another way big businesses are able to help the economy is to see the job market and understand who is out their (4). If a company is looking to find a person or a large group of people to solve a problem or to find a new innovation never seen before, now is the time to do it.  Google is a perfect example of this method (4) Google hires people to find out new ways to increase their business and commerce. The results speak for themselves. While many other businesses have struggled over the past year or months, Google actually has had profits at record highs. If more companies would take notice to Google, then they too could take advantage of this economic situation and create more jobs for people as well as increase their personal wealth.

            The economy was as bad as it has been in a long time over the past year, but the future is starting to look strong. With the increase in business activity and spending the worst is over. The United States is taking small steps every day by the government investing funds wisely into places where it creates and maintains jobs, increased confidence in the stock market and an increase in spending, and new business ideas being put into practice as well as people seeing investment opportunities that the recession has caused them to take advantage of to once again becoming a world power in economic growth and stability.