I think that America is slowly going down a slippery slope in terms of its economic stance (From what I have heard) and I think that big corporations like Wal-Mart are damaging our economy...
2006-12-01 05:30:45 · 4 answers · asked by Anonymous in Business & Finance ➔ Corporations
I don't know where you heard that, but they're dead wrong.
The Dow Jones is at record high #'s. The unemployment rate is approx 4%, considered full employment. The housing boom of the last five years has increased the the net worth of millions of Americans. Our economy is changing from an industrially driven economy to a more high tech, higher educated ecenomy, this will on;y increase earning power on average.
As for oil. and it's high price, this has forced research into alternative fuels. We are very close to introducing a couple of different types on a widespread basis. One of which is the E85 ethanol fuel. This would not only reduce the cost for every American, it would create an industry at home vs importing foreign oil.
There are negatives here and there, but by and large, things are looking up.
2006-12-01 05:45:07 · answer #1 · answered by Albert 6 · 0⤊ 0⤋
Markets always work themselves out. yes we are at record highs in the stockmarket, but interest rates are high and a lot of this "hot money" thats been dumped into our stock market will find its way out eventually. I dont expect any huge recession but we will have one within the next year or two.
2006-12-01 15:24:16 · answer #2 · answered by Nick C 1 · 0⤊ 0⤋
Boy your silly..... We all know its about that TARGET!! lmao..pick me for best answer!! and ask better questions.
2006-12-01 15:20:17 · answer #3 · answered by *Bella Reveuse* 3 · 0⤊ 0⤋
No.
2006-12-01 16:22:53 · answer #4 · answered by Anonymous · 0⤊ 1⤋