Is the US economy collapsing ?

Question

Hi ! I'm French. We receive lot of news here indicating that big US bank crashing one after the other.

What's happen ?

Answer 1

What soul jack said.............

.............and.............Bush has bankrupted the country.

Answer 2

Yes, dump dollars,  buy swiss franqs.

Answer 3

NO, not yet but the politicians are doing their best to collapse it.

Answer 4

It is "IMPLODING"

Answer 5

Taxes weren't raised for this war.

Bad idea, the war was in the first place... Bad idea on putting us in debt.

Bad Conservatives, bad.

Answer 6

yes 100%.

Answer 7

No.  The USA is not even in a recession.

Changes and intervention are required in the financial system because some lenders (not just American banks) made too many shaky mortgage loans starting several years ago.

Much of what you are seeing in the news is because the media wants a Democrat to win the presidential election in November.  They are pushing a "sky is falling" message to cause problems for the current administration (which is Republican).

The media used the same type tactic in 2000, when the stock market crisis at the end of Clinton's (Democrat) administration was concealed by the news organizations. It didn't work then and it won't work now.

There is nothing basically wrong with America as an economy, society, or country.

A) The French newspaper you refer to got it's information from the American news media and B) The global news media (which is even more Leftist than the American media) also wants a Democrat to win in November.

Answer 8

The US has over stretched itself for too long.

Thy have barrowed trillions from other countries to pay for the invasion (hence the weak dollar) and US financial institutions have been given free lance to give out money like sweets, with only the slimmest chance of getting it back.

Because the US Government failed to regulate their banks the US tax payers are now being forced to pay for the mistakes of millionaire chairmen who should get the sack, especially after so many Americans were made homeless after the Sub-prime market collapsed.

Answer 9

Anyone who has taken a basic economics course could tell you that the economy has never been on a constant rise.  Stocks are always rising and falling.  The problem we're having, in my opinion, has a lot to do with credit.  We're currently in a state of stagflation (drop in GDP, rise in inflation) due to people constantly buying on credit despite adequate money flowing in to compensate.

I see a big reformation in the way we use credit as a nation.  The US needs to impose stricter policies on outlandish loans and crooked mortgage brokers.  It's unfortunate, but a majority of America is one paycheck away from bankrupcy.

Answer 10

Alan Greenspan

Ben Bernanke

George Bush happened.

Answer 11

Republicans have taken all the money out of the country.