Fixing the Economy

The recession that we are currently in which can be traced back to the 2nd half of the 2008 is often compared to The Great Depression, but can we really consider it a depression. When the recession started the global trading plummeted, while emerging markets such as China, India and Brazil recovered relatively quickly developed ones such as the U.S and the european economies continued to suffer.
In the U.S the stock market lost triple digit points, we saw large scale unemployment reaching 10% at its peak, the housing market suffered greatly, we saw a sudden drop in the property values and there was a record number of foreclosures. The question that we asked is that was this recession avoidable.
While the poor and middle class americans were suffering the CEOs of big businesses couldn't have enough of the excessive living. Their salaries were record high and perks they had were beyond excessive. They enjoying all that while they were following bad policies which made the recession inevitable, but there was no one to stop them, it can be argued that they controlled the U.S economy. The following video summarizes how CEOs of big banks and businesses contributed to the recession:
 http://www.youtube.com/watch?v=LbjdVYmJRHI&feature=related
Once the recession actually struck we saw an increasing involvement of the government in the economy. There were multibillion dollar bail outs and an increase in government spending the government spending did help to slow the down turn in the economy, but the growth is painfully slow and there is still a 9% unemployment rate. The bail outs just didn't seemed to have helped the larger population. We can take models from other countries to help solve our economic crisis, such as Sweden which instead of increasing government spending in bad times saves the money for times when the global economy seems to be doing well, but sweden is a more homogeneous society. The solution to our recession has to be an american one.
We can start with the tendency of the government to help out the big businesses in a recession. Instead on granting them billions upon billions of dollars, the government can spend tax money on the middle class and poor who make the bulk of the population. Project such as up-gradation of educational institutions and infrastructure can help create jobs. There is also a need to help the small business owners providing them tax incentives will enable them to grow thus hire more people creating long term employment. These  are only a few of the steps the government can take to help with the recession, now the people can help themselves buy controlling excessive spending, manage their investment more wisely.
The recession if affected you directly or indirectly will be a painful part of our history unless the growth speeds up and the policies adopted by the government and big businesses don't change we will continue to experience recession like this one or even worse in the future.