To: The Right Honourable American President Mr. Barack Obama From: Athinarayanan Sanjeevraja Date: August 3, 2013 RE: Your Economic Vision Suggestion: Good Morning Mr. President. Let me start by paying my respects to you and through you to. Mr. President, India’s Business Line reported that “Obama to outline his vision for rebuilding US economy.” American economy may not grow as fast because US consumer spending crowds out investment spending. But I see US economic outlook improve gradually during the second half of 2013. According to me, investment spending is much more likely to be growth enhancing. If I am not mistaken, US inflation rate was recorded at 1.8 percent in June 2013. Inflation is not at very high level in US. If inflation is very high, it adversely affects fixed business investment. I identified fiscal policy for instance, tax cut that stimulates investment spending. Corporate tax rate should be lowered, an investment tax credit should be
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