What is hurting the economy right now in your opinion?

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  1. Silverbonds profile image59
    Silverbondsposted 8 years ago

    What is hurting the economy right now in your opinion?

  2. readytoescape profile image60
    readytoescapeposted 8 years ago

    Uncertainty.

    Uncertainty in where this government is headed with what are perceived and projected to be a disastrous outcome for the nation. The two elephants in the room are the healthcare bill and the global warming treaty, which is the basis for Cap in Trade legislation. With those guys in the room everyone else is leaving and the party is over until the gas clears from all the manure, but by then you’ll never get the carpet clean.

    The Unemployment and the resulting Foreclosure rates are critical and still rising, mainly caused by businesses anticipation and preparation for the impending taxation herd above. Pull out the elephant gun and drop those two beasts and we have a chance of rebuilding.

    For shot number three it is imperative to stop the foreclosure storm, via executive order in necessary and take some pressure off the American Family. Foreclosures now are not what the banks complained about any longer, with being forced to accept “bad borrowers’ to get the TARP funds.

    Banks are now focusing and foreclosing on long time paying home owners that now, through no fault of their own, find themselves unemployed and no longer able to maintain their mortgages as they had been under normal circumstances. With very few jobs available, unemployment benefits woefully inadequate and running out, foreclosures in year 2010 will outpace 2009 by a factor of at least two and foreclosure numbers in 2009 are at record levels.

    What was your question?

    Sorry I was rambling as I was cleaning the elephant gun.

  3. someonewhoknows profile image76
    someonewhoknowsposted 8 years ago

    The new world order crowd,that want to destroy America's economy while at the same time take money out of America and use it to prop up what we used to call third world countries,like mexico.and China where we get practically a growing majority of cheap goods ,like clothing,electronics and even food now.I remember when we got goods from countries like japan and Korea as well as other countries ,that we thought of as inferior,not anymore.We,just rolled over and played dead,while all this was happening.I guess we got used to getting  our goods from countries that had or still have slave labor,or very low cost labor at the most.If,we made our own electronics we would be paying,probably ten times more ,because of the labor costs,but then I might be exaggerating because there is a lot of Automation involved these days in manufacturing,so it could be profit margins are really high.
    The money changers are responsable for the poor economy,and we apparently are too for going along.We are shortsighted ,we traded short term wealth for long term poverty,at least for those who lost their jobs.We,always hear about National security when it comes to energy,but when it comes to jobs,national security goes out the window.

  4. profile image0
    Jawa Lunkposted 8 years ago

    Fear.

    Plain and simple...people are afraid to spend, which causes the markets to drop and put us in the state we are in right now.

    it began with the decline of the finaincials obviously, but they have billions of our dollars now...there is nor reason other than fear at this point.

    Eventually people are going to have to step out and get this ball rolling again.

  5. nextstopjupiter profile image80
    nextstopjupiterposted 8 years ago

    An outdated financial system which is more than 60 years old, and does not meet the challenges of the 21st century

 
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