Future of the American economy?

Question

I am extremely worried. Observing the American (the U.S.) economy and the world's, it looks like we all are heading into something.

Clearly notable, the American economic growth and the money spending has been decreased from theAmerican mini-golden ages during the late 1990's.

Not only that, but also there are very costly war on Iraq and war on terrorism, that does not seem to be over on foreseeable future.

I have a bad feeling that the American economy is going to have some harsh times ahead (and consequently, the world as well).

The most critical problem is, the majority of people do not take this seriously.

Do you agree? If or if not, then why?

Answer 1

From a Keynsian stand point I don't thing the war's effect on the economy is much to worry about as far as it's cost. The Keynsian view (which of course emphisies demand) would suggest that in the face of a recessionary situation the best course of action is increased government spending (and in the case of the current U.S. situation that would be deficit spending). In fact my only concern would be that the government could perhaps produce a greater benifit to the domestic economy if they spent more "at home." Empirical evidence has shown that increase government spending on public goods (such as infastracture) have a multipler effect that far out-weigh any neo-classical "crowding out" concerns. If you ask me I say spend like crazy as long as the spending is for the greater good and not just special intrest or "pork barrell" projects. In fact the single greatest thing the government could do is spend an unheard of amount on radically altering the educational system so that anyone that wants to invest in their own human capital has the resources and support to do so. Well thats just my two cents.

Answer 2

I agree with you.
More and more nations are waking up and challenging our ruthless dominance of the world economic events. We were able to exploit, through World Bank and other private investments, the human labor around the globe. Here is a $1 but I want $25 back will eventually tired everyone. Unless we start respecting the human labor, at home and around the world, we are doomed in the 21st century.

Answer 3

The U.S. has been led into a war which could include the whole of the world's muslim population. As a Canadian I am concerned that we are being sucked in as well. Remember Geotge Orwell's 1984, in which the hero is told that it matters not who the enemy is, just as long as the production of military materials continues.
Weapons are non productive, they cannot be used for anything but killing. The US economy slumped during the Vietnam war as the national infrastucture was ignored in favour of weapons production.

Answer 4

I agree, yet somebody else pronounced the Ford employer's issues. She is robust. yet i've got self belief that it rather is a minor concern interior a bigger concern. companies sell people issues they do no longer choose. they convey a products, and by using agressive merchandising and marketing and merchandising sell it. no longer in trouble-free terms that, yet many people bypass into debt attempting to "sustain with the Joneses'' as they say. This debt, regardless of if economists and government officers admit it, is a large concern. i will't think of how people could be so reckless and irresponsible with their spending conduct. a considerable concern of yank capitalism that differs from the classes of Adam Smith, is that shoppers are no longer knowledgeable adequate to make a lot of those options.

Answer 5

Your smart to be worried. It seems that the Money rats are baling out of a sinking ship. If you don't believe it check you local newspaper. Ford downsizing to practically nothing and setting up to import cars from China. GM building Buicks in China now and seeking to import the world's first mass production all electric car from CHINA starting next year. I hope the American worker realizes that he has been sold out and these large companies know no nationality nor do they possess any loyalty to their employees.

Answer 6

I read George W. has printed far more currency than all other U.S. presidents have. I know about Keynesian theory of having too many dollars chasing too few goods causing inflation.

I know longer believe this. In the 1970s we were warned of a U.S. market collapse, same with the 1980s based on deficit spending. Now the government is spending more and printing more than we ever did in our history and the boat is only slightly rocking.

The economy is based on faith in the market and not on how much money is printed. If the world believes in the U.S. economy, we will be O.K..

Answer 7

you should be more concerned about the national id cards with rfid chips built in coming in may 2008. you will be required to carry this, then you will eventually have to have an rfid chip implanted into your skin. eventually you will have absolutely no privacy or freedom. keep supporting george bush and all his patriot act nonsense, while they constantly scare you with terrorism so you give up more and more freedom..

Answer 8

No I'm not worried and i do take these things seriously. Don't worry there are many people who are all smarter then you working on things like this.

Answer 9

you should look into how much oil and electricity we are using up. then you will be shocked even more. i suggest you watch a documentary called "the end of suburbia" it will shock you.

Answer 10

There is no future. They have already attacked Iraq.