American economy will turn around this autumn

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Psychology is very important

The American economy has been going extremely slow just as it has been the case all over the rest of the world. This is why president Obama’s rising popularity is a real gain for the US, believes the recognized economist Robert Wescott.

The consumer confidence rock bottom

The American consumer is completely down in rock bottom. Nearly half of Americans are afraid of losing their jobs, and Obama, it is thus crucial to reverse the mood and get people to spend money, so there may come once again in the growth and the negative spiral can be broken.

Obama might be the man

Robert Wescott believes that confidence is the key factor right now. The principal of the President is that people who actually work continues to buy. I believe that Obama stimulus package will work and boost confidence. Jag believe the U.S. economy crosses the bottom of the third or fourth quarter.

Why so optimistic?

One reason for optimism Robert Wescotts is to help packages in scale is so immense in scope. It reflects, according to calculations Wescotts overall 9 per cent. of GDP.

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marts 1st, 2009 at 7:12 pm

Posted in economics

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