On the year 2011 alone I expect growth of 3

Richard Hoey said that the vote on the compromise on tax cuts first more visibility to the business. According to him, the US economy will continue to improve in the coming months, although the rebound after the recession remains modest.

What is the benefit of reductions in taxes on the rich homes

First, it must be understood that this reduces uncertainty. For everyone. Until now, not knowing their tax exposure had made careful people, consumers as businesses. Many medium-sized business leaders feared an increase in taxation and feel as under a shot of dam. It is true that this compromise, for the rich oisif, will not change much. But for businessmen who have small companies or medium-sized, better visibility can encourage them to hire again.

You can see a real fiscal stimulus plan

This compromise allowed to compose a new recovery plan while the main fear of economists was, until then, a tightening of fiscal policy. At the same time, economic conditions have improved and this forced the most pessimistic to dramatically increase their forecasts of growth of GDP in 2011, which are around 3 now.

It's your prognosis

The economy will grow between the fourth quarter of 2010 and the fourth quarter of 2011 from 3.5 to 4. On the year 2011 alone, I expect growth of 3.25. We see that advertising resumes, which is a good indicator of the return of the business confidence. This will have an impact on the unemployment rate, which should fall to 9 at the end of 2011. But many people seeking employment will return on the market and this will decrease the rate of reduction of the unemployment rate. It must be realized that a part of our plan to relaunch broadcast outside. Jobs will be created here, but also abroad in the importing countries through the resumption of our consumption.

Precisely, it seems that the weakness of exports was one of the reasons for the low bounce of the American economy

The trade balance suffered a surge in imports. China has been a change in tax regime which has accelerated imports to the United States. It is not until that US exports were less good, that the imports were much higher. The currency, whatever one may think, is not a major importance. We are a very large economy and we are especially in competition with Europe and the Japan. The question that matters more is whether the rest of the world is growing... and the answer is Yes. We will improve our exports, but imports will also grow because our consumption increases.

There was however an outcry around the decline of the dollar

The idea that the Fed is seeking to boost exports by weakening the dollar really is a hypothesis that comes from abroad. In adopting its policy of quantitative easing, the Central Bank primarily sought to create confidence in the growth and avoid deflation. If, as a result, the dollar should suffer, the Fed would have been willing to assume it. But it found that the fall of the dollar was quickly halted. On the one hand, forecasts the US economy because has been revised upward in 2011 and, on the other hand, because investors have no sense that the Fed will inject thousands of billions of dollars to infinity.