Is the economy THAT bad?

Question

We still have the highest GDP in the world by far

anywhere under 6% unemployment is good

And we are still the country that receives the most immigrants

and having are dollar worth less then the Euro is arguably a good thing (Europe would by cheaper American product and more tourist save the money of going to America rather then Europe)

so is the economy that bad?

Answer 1

Yes, the economy is bad.  No it's not as bad as people are saying it is.  It's personal economies that are THAT bad.  People have becoming financially retarded and have been abusing credit for the past 20 years, it's finally catching up with everyone right now.  It's the people that are broke, not the economy.

People are still spending more money than they're making, it's just that the costs of items are going up now and the economy is being inflated.  To make matters worse, because the banks and credit card companies have been manipulating and taking advantage of peoples ignorance to the point of abuse, it's finally caught up with them and many of them are going under which is making money difficult to get for people and businesses which is a bad thing for people/companies who actually know how to use credit properly.

However, people are still dumping tons of money into the economy and they are still living their lives normally.  This country is still a far cry from a recession and new buildings and stores are opening up all over the place.  It's tougher out there if you don't know what you're doing, and it's not a "fruitfull" time, but it's not as bad as the media would have you believe (on a national economy level).

Answer 2

yes .

the other countries do not have the problem of poverty as we face

the value of the money increases is due to the inflation

if the inflation is not control we might land in trouble

Answer 3

it is worse than "that bad"

congress & the president are spending far more than they can pay (notice I didn't say "we", I said "THEY") for war, socialist schemes, transfer payment, foreign giveaways, .....  The national debt is past any possibility of repayment and they continue to do it.  

Inflation has been wiping out investment gains for many years, leaving people with no way of getting out of their respective ruts.  That's because The Fed was given all the powers of manipulation.

So the Constitution is shattered, our dollar is becoming worthless, and we'll soon be down in the pits of a Dark Age.  There is nothing and nobody in this election who can stop it.

You should be doing all you can to survive.

Answer 4

The economy is far worse than you begin to comprehend.  

-- GDP?  What counts is per-capita GDP and that has been declining for 3 decades.  We have far more people, predominently due to high levels of immigration, but a shrinking pie.

-- Unemployment rate?  Clinton admin changed the way it was calculated -- added a "correction factor" that is pure myth. March - real decline of 387,000 jobs, subtract smoke & mirrors = 22,000 lost jobs reported.  Then there are those who are not counted as unemployed, even if they are actually seeking full-time employment: students, new grads, people returning to the workforce, people working for temp agencies in search of "temp-to-perm", people over 65 (though 20% of those over 65 are working out of necessity, and another 20% need work and cannot get it because they are over 65), people doing "consulting" to disguise unemployment & provide a path to a job.  Also not counted in official statistics: illegal aliens and others not authorized to work who take jobs illegally, and illegal aliens and recent immigrants who are unemployed and seeking jobs.  True unemployment rate (using pre-Clinton era methodology) = 12%.

-- illegal aliens drain $1 trillion from the US economy annually, which equals nearly 10% of total GDP (see "shrinking pie" above).

-- out-of-control population growth, predominently from immigration and illegal aliens:  any population growth rate of 0.5% or more is impoverishing, and we have been running huge rates of increase since the mid-1970's, and especially 1980's.  Hence sharp declines in per-capita GDP.

-- Debt:  since real income has been shrinking for 3 decades and illegal aliens drain huge amounts of tax dollars and capital out of the country, Americans have been living on debt-financing for years.  So have the federal, state and local governments.  Total federal current account debt exceeds a full year's GDP; total unfunded liabilities exceeds the entire world's GDP.  

The Fed kept us in easy money for too long and the bubble has burst.  Easy money created the Great Depression; it may well now be creating the Greater Depression.  It depends whether we eliminate the drain on our economy of rapid population growth, especially immigration and illegal aliens, and Americans pay off their debts, and we force the govt to sharply reduce spending (they are just printing paper to cover the spending anyway).

Answer 5

No, it is still the strongest and the largest but its weakening and having to cope with problems. Everyone has cough and cold - the poor and the rich, the child and the adult, the wrestler and the old lady.