Is it that the economical conditons of USA gone bad to worst due to the war ?

Answer 1

It's mostly good at the moment, but is likely not sustainable. The war in Iraq is the main cause of huge deficits and debt that must be serviced, It is the main cause of the current Oil price level. Eventually (probably sooner than later) the double whammy of Oil prices (and resulting inflation) and service on a 10 trillion dollar debt will send us into a tailspin.

So it's not bad yet. There is no knowing when the good times will come to a painful halt, but halt they will and it will be painful. The tax cuts that enriched the rich and the war that help drive the economy will have to be paid for.

Answer 2

No. But, the cost of the war is having an effect on the economy. The economy is performing surprisingly well given all the deficit spending and energy shortages due to the war. The economic conditions would likely be extremely robust if not for the war.

Answer 3

Actually, things are going from bad to worse because of our changing economy and our educational system. Jobs are scarce and young people are poorly prepared to fill the slots left by those who are retiring. Many jobs are being outsourced even though young people in this country are majoring in computer science and computer information systems. I called my computer company to get help with a problem I was having and I got some gal named "Susan" with a thick Indian accent who barely spoke English. I read in THE WORLD IS FLAT that many US accounting firms are outsourcing our tax returns to India where they are completed and emailed back to the firms for final deposition.

We have become in a few short years about a 90% service economy. There are few manufacturing jobs left. People used to be able to make good livings at these jobs. Now big business just builds factories elsewhere in the world because labor is cheaper outside of the US. Our current government has done nothing to stop this. It just gives them bigger tax breaks and incentives than ever.

So where do all these people find jobs now? How many "service" jobs are there? And few of these are high-paying.

The war has little to do with this other than some young men are forced to join the military when they can't find civilian jobs anymore.

Answer 4

wow I only got through half of the answers before the word dilusional came to mind. Home ownership ..meaning homes owned is at an all time high, yes that is right...name me a home that doesn't have an owner...nice way to spin the truth. Foreclosures are at an all time high...credit debt all time high, consumer spending is growing at well under what it needed to by this time. Again morons, stock market has nothing to do with the economy. The only reason it is at a high is because of two things...foreign investors because the dollar is the worst it has ever been, and companies buying up their own stock. Listen people, the economy is getting worse daily, everyone you listen to or read from is saying we are reaching the point of recession. The gap in classes is as high as it was prior to the great depression. Remember, what goes up must come down. Stock market is doing nothing but setting itself up for a crash, probably will be the largest in history. These people are buying and buying to increase the volume, they are all going to dump at the sametime, they have to to increase the value of their money. If they leave it in there it will fall to fast for them to recover. Learn something morons before saying how great the economy is...oh by the way, poverty rates are at an all time high by over 10%....so again how are these great unemployment rates doing.....sure people have jobs making much less than needed to survive. Get a clue.

The war has a direct effect on the economy. It doesn't boom till after a war when in the past companies from across the country had a hand in production for the war. This time as we all know it is only a select few that are going to reap the benefits. The war is greating a catastrophic situation for the US being we are borrowing money from even Mexico (again first time in History being in debt to Mexico) to pay for this war. Why do you think Bush is saying heck yeah to the Immigration. Sorry you had to read through the morons to get a bit of the truth....enjoy and good luck!

Answer 5

Now that the lemmings have spoke, I will give you some truth. War is NOT good for the economy. That went out with WWII. The record DOW represents record profits for corporations. It does little to help the average American as less than a fourth own stock. Real Income has been down each and every year Bush has been in office. With Clinton, real income increased 15%. Poverty has gone up each year while Bush has been in office. Clinton reduced poverty by 25%. Personal savings in America are at an all time low, while personal debt is at an all time high. Unemployment is not at historical lows. It is at a low for the Bush era. Bush has set records for deficits nearly every year he has been in office. Our national debt has doubled since he has been in office. Health care costs have doubled since he has been in office. College tuition has doubled since he has been in office. Please lemmings, tell me what is so great about the Bush economy.

Answer 6

"No, by every measure they've gone from good to better. "

Blatant lie or simply misinformed?

Now, it's not that we're doing terribly, but there are some significant issues, so, "by every measure" is a bit disingenuous. The dollar's weak as ever; although unemployment's down, the replacement jobs pay significantly less...These aren't nails in the coffin, but they are just a couple of measures that reflect something a bit different than what you suggested.

Answer 7

The US economy is bad? Have you seen the stock markets? Unemployment is at an all time low.

Sure, real estate is bad but thats from such a large surplus of cheaply made homes.

Answer 8

No. The economy is doing good. The middle class isn't doing good. Nafta, Cafta, etc has ruined jobs for the middle class as has the corporate exploitation of millions of illegal workers.
The rich are still getting richer though....
Viva la slave labor!

Answer 9

Gas prices are up, but the economy is still getting better that I can see. That is why my check is so fat I can drive wherever I want no matter what the price of gas is, but I don't because I live on the beach and we ride our bikes everywhere and enjoy the Georgia summer!

Answer 10

Do some research, the economy is amazingly strong....Read the Wall Street Journal instead of listing to Air America.