What do you think is the future of the USA economy?
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I remember in 2004, some of my co-workers wanted the USA to invade Iraq and supported Bush, millions of people did the same thing. I'm not an economist or someone educated but my common sense tells me that this country is not as rich as some people think to believe. Mr. Stiglitz (economist) said that the war damaged the economy. Since I read about economics I know that the USA economy has been going down hill since 1976 according to economists, between 40 and 50 percent of people living pay-check to pay-check. I just went to a Funeral and saw my uncle who came here from Cuba like me in 1980, he learned plumbing here in New Jersey and made lots and lots of money, like most of us and the rest of the country,he told me, things are terrible. (No wonder we all did great under Reagan...economy grew 7-8 percent GDP around 1984) Don't want to be pessimistic, but that standard of living is not coming back for a long time, maybe never, who know, no one does. By the way, I am among the millions of people without work, thank you Bush (this is sarcasm to the fullest extension) jajajjajajjaja. Bye now
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Answer:
ALL economys are cyclical by nature. It does not matter who is running the country or what country it is. ALL economys have ups and then they have downs. Some higher than others and some lower than others. The USA economy will recover whether you want it to or not. If you want it to recover faster then just start buying things. If you buy American made things the American economy will recover faster. NO Toyota, Honda, ect are not American. Yes they are made in America...but they are not American The final cash flow does not stay in the USA. It is hard to buy American made stuff...it's expensive...but nonetheless you buy American you help America.
Max at Yahoo! Answers Visit the source
Other answers
for the answer above, there would be no business cycles if the governments of the world kept their hands out of the market
Michael
World Government lead by obama because who do you think created the recession yup other countries in order for the mighty usa to fall to be equal. this creates panic leading to unification of the world as one to get out. :(
Alekat
america has no future, its collapsed. the american economy is the worlds greatest ponzi scheme. and yes we will go into world government, its planned. the elites need to collapse the us economy so that the only solution will be all countries joining together to form a one world government.
MJ
I think it's going to suck, nobodys going to have enough money to pay their bills and people are going to get layed off everywhere. Also Obama isnt helping. All he's done is spent money and tried to get socialist healthcare, which is bad because the medical buisess will run out of money, and wont be able to reaseach cures.
Luke
it will get worser tha=an it is now and like hundread times worser cause all the desicion that obama is makin right now and us the ppl to so prepare for it
America will recover slowly from this recession, experience ten years of high inflation, and then three decades of high economic growth until the cycle starts over again
msuspartans
In the late 70's the economy was hurting because of the debt ran up during the war in Vietnam and the economy rebounded in the 80's That's the way our economy used to work, if it went down it would rebound, the greater the dip, the greater the recovery. However, that was before global trade and nafta ,gatt and w.t.o. came on the scene. We were a manufacturing based economy, we produced, so we needed workers, the workers consumed and so we produced and we needed more workers. Now that many things that we consume are made over in China we no longer need American workers to produce, the consequences of this is that we are not able to consume like we used to. The law of supply and demand dictates that if we have to many workers then they are not worth as much, therefore they can't purchase as much. The end result will be a remaining decline in the global economy.
Mr.noitall
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