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economy
can someone explain the state of the economy? someone said what we're going through right now is worse than the depression but i dont understand why or how and what..
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Now, I'm going to try to say this, without being slanted Republican or Democratic, to avoid starting a disagreement with someone.
Our country is in a lot a lot a lot of debt. We have gotten so used to out sourcing [sending jobs over seas, to places like India, Iran, Iraq, you get the point] that we have lost the power that he once had. These days, almost nothing is 'Made in the USA' any more. Check a label on your jeans or sneakers or purse-- it's all made over seas.
Now, the reason that that person said what we're going through right now is worse than the depression, is because we've gotten so much bigger, better, and flashier today than the 20's and 30's, that there's more potential for loss today.
Instead of losing a thousand dollars in the stock market [which would be bad enough, for some people], thousands of people are losing thousands and thousands of dollars every day.
Now, I'm sure you've heard about this big 'Bail Out' bill. Now, as far as I've heard, this bill is to help out new home owners [with their taxes and mortgages]. If your area is anything like mine, you've also heard about budget cuts, and hearing about Obama and McCain argue back and forth about the nation's spending habits, and how they're going to change all of that.
Whether your a Democrat, Republican, or Independent, it is bad business to have a several trillion dollar debt, and choose to let it get bigger, and once you can't handle it anymore, move it to a different place. For example, USA does a lot a lot of business with Iraq [which is why everybody talks about sending money to a possibly terrorist country]; it would not be wise to build up a million-trillion [whatever it may be] dollar debt, because when Iraq says enough is enough [which, chances are they won't, they're making a killing] then the USA is just going to move to India, taking its debt with them.
Does that make sense? America just basically needs to STOP SPENDING. Everyone's getting farther and farther into debt and it's killing the economy. There's more money leaving the US than is coming into the US, or being generated IN the US.
Maybe that will clear a few things up? I hope so.
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