Monday, April 14, 2008
Suffering economy in The United States
In the United States our economy has suffered terribly the last couple years and is evident throughout the country. For example, the building industry has suffered a terrible blow and is almost at a complete hault. Alot of employees are being laid off because there is not enough since the majority of their usual customers just dont have the income right now to by for their services. I feel that this problem will not be solved soon and will have to most likely be solved by the new President. President Bush has tried to push for a 300-600 dollar rebate for those who meet the requirements. However, I feel that this will not be enought to jumpstart the economy and it will take something drastic to solve the problem.
I think one of the major problems with our economy is the loaning agencies. People that are getting approved of loans that they can't even afford. The new president should make theses loaning agencies more accountable. I think this is one step. However, I think the building industry has hit its peak and they are now going to have to stop building and let the amount of buyers catch back up.
ReplyDeleteThe economy right now is at an all time low. The market is so terrible, people are almost selling homes for less than half of what they paid for it. When the market is starting to balance, you will see more people getting back to the buying market.
ReplyDeleteI think our country is just experiencing a bad time just like any other country. Global the economy is down and that gives a ripple affect to the rest of the world. I do believe that the new president will do its best to try and bring our nation out of this hard time. But altogether our global economy is going to need to increase in order for us to be back on top.
ReplyDeleteYou need to put your name in the body of the post, not in the labels. Chances are I missed something you posted because you didn't follow the directions.
ReplyDeleteAlso, this post isn't even remotely accurate (so no credit). The economy is not only not at a record low, it isn't even at a record low in this decade. We had a recession in 2001, we aren't officially in a recession yet.
Besides, we once had this thing called the Great Depression, which was much worse economically than what's happening now. Many other economic times were also much worse than they are now.