How to bring US economy back on its feet

Bringing back the economy is a daunting task that must be faced.  The largest problem is that many jobs are outsourced to China, helping out their economy.   When a person in the US buys something made in China, some of that is helping out China (or where ever the product is produced).  First, we need to pay off our debts to China, then, force the US companies to bring the manufacturing jobs back to the US.

Next, cut government.  The less government, the less taxes, more money in the civilians pockets.  This gives civilians more trust in buying what ever, helping the economy.

The last thing I will cover here, is, the US needs to get its own oil.  There is decades worth of oil in Alaska, but, I'm sorry, we have to drill there.  Conservation will remain a priority, but drilling for oil in Alaska will bring this economy, and stop gas prices from raising even more.

Fed cuts interest rates again

When someone thinks of cut interest rates, they commonly think "Oh, I can get a loan with less interest now."  That is not entirely true, and cutting interest rates hurts savers big time.  In the early 70's, interest rates on a savings account was 12%, that means 12 dollars a year just for having 100 dollars in the bank.  This is how banks had money to loan.  People had huge incentive to put their money in a bank, so the bank could loan out more money.  Now, with savings accounts having a mere .5% interest rate, and CD's having around 3.5%, many people don't see an incentive to saving.  More people get loans, and the bank doesn't have the money to give back to savers, causing a bank to get into trouble.  The bank systems are one of the bases of our economy.  If this economy is to thrive, higher interest rates will be needed.

Iran stops taking US currency for oil

Iran hasn't been selling oil in US currency for a few months now.  Not many know this, and if they do know, they don't think much of it.  Iran is the second largest OPEC crude oil producer.  Wonder why gas in the US is so expensive?  That is one of the reasons.  

Iran stopped talking US currency saying "it's a worthless piece of paper".  The weak dollar is also blamed for the crippled purchasing power of Iran.