Do you think the economy has bottomed out and is now on the upswing?
Are most of our problems behind us and better living conditions now beginning?
Yes, I do believe that is the current situation, but on another note, I expect the economy to turn down again, the cycle is going to be much shorter this time (meaning the good times aren't going to last very long). Look at where the stocks are already. There's too much inflation with not enough actually financial strength behind it. The P/E ratios are out of wack and if it keeps climbing at this rate, the backing will not be there (in layman's terms - another bubble - this time it's the banks). That coupled with the national debt, if the other countries start to lose faith in all the US IOUs, the dollar will collapse. The government should have left their hands out of it and let it correct itself based on a past history of crashes every 10-12 years. They have made it more volatile.
Unfortunetly, we are far from the worst. Things seem to be getting on the up and up, but have you forgoten that we are in the worst job recession in along while and that our greater amount of troops still have yet to come back. When they do, unemployeement will sky rocket, sending many more into poverty, and one of the worst parts of it is that most of them would be returning Veterans. America needs to stop trying to help out all these other countries until we have gotten our selfs to where we are out of debt and our country isn't crime ridden. True we do have some of the richest people here, but those few don't outway the many that are starving.
by Rhonda D Johnson 2 years ago
What did the US use for collateral when we borrowed money from other countries?We know that the US government has borrowed billions of dollars from China, Japan and other countries. But what did we use for collateral? I've been told that the United States is actually a...
by Robert Erich 5 years ago
With the continual outsourcing of jobs to other countries, the struggling national economy, and the unrealistic ability for everyone to earn a college degree, should minimum wage be eliminated?Just something that I have been thinking about and I would love to get your opinions on.
by Grace Marguerite Williams 12 months ago
Do you contend that poor people in America are ENTITLED, want others to support them, & give themservices which they believe are rights such as housing, food, medical care, college education,& related services? Why? Why not?
by jerryl 8 years ago
What's your opinion, and the reasoning behind it?
by rhamson 8 years ago
The constant call for less taxes and less regulation is constantly the demand of supporters of capitalism. Is the demand for trade with countries of lesser economies and sophisticated workforces creating a leveling of standards of living and creating a decline in personal incomes in the US?
by nightwork4 6 years ago
is there a better way then capitalism to run a countries economy?have you ever thought of a better idea then capitalism and what would you call it ?
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