Question regarding U.S. economy?And J-curve?

Question

What to do you believe is the reason(s) for the U.S. economies decline? Do you believe it can be fixed, and in how long? What is your solution?

Also do you think the J-Curve concept will work( for those who know what im talking about)I believe its heavily relying on China, i want your thoughts on this.

Answer 1

There are several factors affecting our economy right now.

For one the whole ressetion and inflation thing is affecting most people in America which then leads to less people going out and shopping which then leads to a slowdown in the economy. Then theres the whole gas prices dilema. The gas prices are going higher and higher and with a lot of families barely able to afford food with the inflation going on, how are we suppose to keep up with the gas? Then theres the whole foreclosure stuff going on where everyone is losing their house because they can't keep up with the payments and they are going broke. Lastly theres the Iraq War which idiot Bush started which has put us in trillions of dollars in debt! Do I think the situation can be fixed? Yes, Bush needs to get the h**l out first in order to start the proccess though. But how long will it take? That is the problem! Honestly it will take a couple of years for the economy to recover if that ever happens. But doing all these cutbacks in funds for education, public health, etc is not the right way to go...

As for the J-Curve thing: I just know the idea not the details. The idea (more of a theory actually) is ambitous but I doubt it will work.

But my point is that America has hit rock bottom and whether it takes a few years to recover or not, the once powerful United States of America is going down the drain!

Answer 2

the usa economy is toast until bush exits,if he exits