American Fortune Life

When Guanhai was elected President of the United States for the 44th time, everyone knew that he was greeted not only by flowers and applause, but also by a severe financial crisis. How to solve the economic dilemma becomes an important task for this new White House owner.

The U.S. economy has been in recession since December '07, with shrinking consumption, rising unemployment, ruptured housing market bubbles, turbulent financial markets, Citibank, General Motors...

These "giant bullies”, the hallmark of the US economy, are also struggling on the brink of life and death.

In a series of economic challenges, the continuing rise in the number of unemployed persons is a major current problem.

In an effort to appease the public's panic and stimulate market confidence, Guanhai has repeatedly stressed that a major focus after assuming office is to secure more employment opportunities for the population.

The "wand” in his hand, known as the "Guanhai New Deal”, was the focus of attention.

However, successful passage through Congress will require a multiparty compromise and exchange in order to finally achieve its purpose.

The current economic hardship facing the United States is the worst in years. In order to avoid distraction, Guanhai and his team delayed the implementation of the commitments made during the election campaign and focused on economic issues in order to stem the downturn in economic growth.

Faced with all Andy's flashing problems, Guanhai helplessly opened his hands and said, "Andy, I want to live up to all my promises, too, but you understand that this requires consideration of priorities.

Faced with the worst unemployment problem since World War II, it is clear that there is a need to focus on this issue, slow down the rate of deterioration and reverse the situation. The issue of employment is therefore of paramount importance.

For an economic stimulus plan to pass smoothly, we can only make some sacrifices.

The first 100 days after taking office will be our critical period. If the downturn is still not effectively contained, or if hopes for economic recovery are yet elusive,

External confidence in our Government may be eroded. And if we can get away with it, it will pave the way for the future. ”

Andy smiled with a smile on his face, took a sip of coffee, leaned forward and put the cup back on the table, listened to Guanghai's explanation, looked at him and smiled slightly: “Does everyone have to make some sacrifice for the big picture... ”

“Everyone has to give something." Guanhai replied.

Andy shook his head and laughed, somewhat bluntly: “Developing new energy sources, reducing dependence on oil, and adopting supportive policies in the current economic situation in the United States could not only create a new energy industry, but also create millions of jobs for the United States, while enhancing its energy security.

Perhaps it did not have large-scale infrastructure to stimulate investment and consumption by increasing tax rebates or cuts, but the economic recovery could not have happened overnight, could it?! ”

Andy cannot be easily persuaded that his own interests are at stake, and policy support from the federal government is a key part of Tesla's drive to grow at speed.

Now Guanhai tells him that the policy on new energy needs to be postponed, that it's undermining his overall plan, touching his cheese, how could Andy promise not only not to say yes, but to insist on pushing.

Watching the sea looked at Andy with a slight smile on his face and said to the rest of the room, "Let me talk to Andy alone... ”

When the crowd nodded, they went out in turn, and Hippo looked at Andy sitting on the sofa and his eyes became colorful, and he had to say, Andy really refreshed her many senses and surprised her unusually.

In fact, it's not just Hippo, everyone here is as if they knew Andy Smith for the first time as a young millionaire, not as inferior, calm and steady.

You know, he was dealing with the new president, the vice president, the secretary of state, the minister of defence and so on, as if their identities had not affected him in the slightest.

By the time there were only two people left in the office, Guanhai sat on the couch opposite Andy, leaning forward and expressing seriousness: “Andy, in the face of a severe financial crisis, my“ fierce drug ”will have a lot of“ side effects ". It will exacerbate the United States fiscal deficit and risk triggering a depreciation of the United States dollar.

When I became the new owner of the White House, there was a general hope that I could make a difference in saving the American economy.

We must make some compromises in the face of the country's precarious automotive and energy industries, whether by suspending emissions reductions or slowing down the introduction of new energy schemes. ”

Andy shook his head and smiled, and then looked at Guanghai with the same seriousness: “Mr. President, believe me, no plan at this moment in the American economy can be a" quick-impact drug, "and any policy lags behind xing.

Even with all the success of the New Deal, economic recovery could not be achieved immediately, and the United States economy could continue to deteriorate until it improved.

Stimulating investment and consumption by increasing tax refunds or reductions is an ace card that can play a key role and cannot be easily played out.

Faced with panic and a lack of confidence in the market, it might do more to keep the boots that everyone was expecting from landing.

Unexpectedly, the expectations of the people will continue, not to become more pessimistic as the economy continues to deteriorate, because everyone knows that you still have cards in your hands!

Mr. President, what do you think? ”

After Andy finished, he obviously saw Guanghai a moment of stunner, then frowned and sighed. Andy did not disturb Guanghai's contemplation, held up his coffee and drank it with a small mouth raised in the corner of his mouth.

“Are you sure the economic situation will continue to deteriorate? ”

“I cannot give you a definitive answer, but I can tell you that the crisis is far from over, and even if financial markets are likely to rebound, the aftermath of the financial crisis will remain and the momentum for world economic recovery will remain fragile.

In such cases, even a rebound in the stock market is doomed to be unsustainable. Any fresh breeze could cause the market to start to roll back.

From the point of view of the operating mechanisms of the modern financial industry, financial markets are an economy of confidence with a natural propensity to advance and panic.

As can be seen from the crisis, investors will not wait until the world economy is truly caught in the Great Depression to panic. Instead, when the world economy is at risk of recession, the worst intentions for the world economy to fall into the Great Depression have been made, which in turn has led to an "overrun” of markets.

Confidence is easy to destroy, but reconstruction takes time and needs to be gradually rebuilt.

Play Ace as soon as you get up, and it's going to be obvious, and the stock market will go up, but then what?

You can't expect an ace to reverse the whole situation, can you?

So, by the time there's a real reversal node, there's no ace in the hand, so what do we do? ”

Listen to Andy's analysis and three questions in a row, making Guanhai's expression more condensed, "Do you think it's time to increase tax rebates or cuts to stimulate investment and consumption? ”

“Of course, there should also be a delay in raising taxes on the wealthy, who can't hope to consume and invest more, but who has to increase their taxes? That's the only way to get the money out of America. ”

Guanhai looked at Andy and said seriously: "You should join my economic advisory panel. ”

Andy laughed, not saying much, but continued to suggest: "My view of the economic stimulus package is that upgrading roads, bridges and energy innovation subsidies, and placing more police on the streets, and expanding high-speed network services, as a first part, will generate 300,000 jobs, according to survey data, with an annual increase of one percentage point in broadband penetration.

In order to provide Tesla's owners with the infrastructure they need to travel long distances, as well as a relatively well-developed network, Tesla is preparing to launch the Urban Supercharging Station Program, which will generate new jobs once launched! ”