Experts: No quick fix for economy

6:53 PM, Sep 27, 2011   |    comments
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Metro State College of Denver Professor of Economics Kishore Kulkarni and University of Denver Professor of Finance Maclyn Clouse say there are a few key things the nation needs to do to get back on track.

"We're really in a crisis now. The big concern is whether we are going to have a double-dip recession," Claus said. "We're coming out of a period where we've had too much business borrowing, too much consumer borrowing, and people are being a little more rational about at a time we need them to borrow to get the economy going."

"History shows that all the recoveries in the U.S. have been driven by the initiative of the private sector," Kulkarni said.

He says politicians need to show Americans that they are united in finding a solution for the economy.

"Stop the political bickering and show the American people that policymakers are talking in unison, they have some right objectives and they are actually not fighting with each other," he said.

Clouse says people do not need to panic, and they should hang onto their investments and not cash them in.

(KUSA-TV © 2011 Multimedia Holdings Corporation)

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