Today in President Obamas speech, he urged banks to lend more money to consumers and small business owners. This is great news for the economy, which is still climbing out of a recession. As banks lend money, they are giving people the opportunity to invest in themselves and their businesses, which will hopefully aid in the recovery which we are all anticipating for. The money needs to be circulating in the economy for our livelihood to be sustainable and for positive growth in each industry. People will have more power in their spending and will have a greater opportunity to reap substantial rewards. An economy cannot grow if the people holding all the money are not circulating the money and rewarding people for their investments and hard work. This encouragement was a great decision by President Obama, and perfect timing, as the holiday season is here and people are needing to spend their money to invest and grow for the new year. Now we all have to be patient and pray that we can all climb out of the recession together sucessfully. With this news, you can feel confident in proceeding to the next step by clicking on “continue”.

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