Houstonians offer Obama advice on economy - FOX 26 News | MyFoxHouston

Houstonians offer Obama advice on economy

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HOUSTON (FOX 26) -

A day after President Barack Obama won re-election, the three major indices on the stock market plunged, partially over concerns of the looming "fiscal cliff" and partially because of bad economic news coming out of Western Europe.

The Dow finished down 313 points at 12,932.  Those numbers have people concerned about the nation's economy.

With millions of Americans still out of work and businesses struggling to grow, we asked Houstonians what they thought the president should do to keep the economy on track.

"He's gotta keep doing what he's doing.  We've gotta build infrastructure.  I think that's the way to go."

"I think he's going to have to look at job development, trying to get more people back to work, and I think just by pulling out the war, that will help the economy without spending money on the war also."

The nation's lawmakers are now trying to tackle the country's "fiscal cliff".

A combination of the expiring Bush tax breaks and sequestration, $1.2-trillion worth of automatic, across-the-board spending cuts are set to start going into effect Jan. 1.

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