When will the US economy recover ?

Question

I was born in 90', and I've never seen this country in this bad of a state, when will things start going uphill ?

Answer 1

The U.S. has spent approximately 7 Trillion dollars on the war in Iraq. The CFO's of several major corporations were charged with "creative financing" as their companies folded. In the 1980's manufacturing jobs were moved to third world countries and Mexico where they could pay labourers far less than Americans. Plus these countries didn't have any pollution standards to meet. Now, America is outsourcing many other types of jobs to India and China. When will it end? Probably when the U.S. itself becomes a have-not nation. Very poor foresight on the parts of politicians and industry leaders.

Answer 2

Not sure it will recover. Are nation runs on debt and foreigners are the lender's, but sooner or later the lenders will not be able to finance Americans 9.4 Trillion dollar debt. Once this happens than the U.S economy will collapse.