Figures released Friday on the U.S. economy, and reported in the Wall Street Journal, didn’t bring any good news. The economy is reported to have slowed down in the second quarter of 2012, only growing at a sluggish 1.5 percent.
According to the WSJ, these results came as consumers cut back on spending and businesses grew even more cautious about hiring and investing. On top of that, the national unemployment rate remained unchanged at 8.2 percent and in Georgia the unemployment rate rose to 9 percent.
As people in the government on each side of the political aisle debate what to do to reverse this slow sink into another possible recession, what do you think is needed to get the economy back on the right track?
What needs to be done to reduce financial uncertainty in the U.S. and avoid the country slipping back into recession? Do you think that freezing government regulation on small business, as has been proposed in Congress, will help?