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4 Comments For This Post

1. Ericson578 Says:
   April 25th, 2010 at 9:15 am

   You should look into the role of the federal reserve (not part of the government), who controls it, and how it got started. The answers might surprise you.

   The best thing for our economy is for the government to stop trying to manage it. Somehow their “help” ends up benefiting only a tiny few. If I owned an automaker or airline company I might think differently.

2. Sean Says:
   April 25th, 2010 at 9:55 am

   This would put the country in even larger debt since it already is in huge deficit from money it has borrowed from other countries already in the status quo.

3. nicolasraage Says:
   April 25th, 2010 at 9:55 am

   Is that avatar a picture of larry king?

4. Albus_Dumbledore Says:
   April 25th, 2010 at 9:58 am

   i’d say that the measurements of wether or not an economy is fine would be based on more than just how much was borrowed from other countries and for what purpose,

   i’d probably try and look at like 10-15 things, unemployment, and purchaseing power,

   so for example minimum wage has gone from 5. 15 to 5. 85 this decade but gas has gone from 1. 50 to 3,

   so, for the consumer,

   PRICE IS GOING UP HIGHER THAN WAGES

   that would be like, one important measurement,

   i guess the federal government – is it spending more than its taking in, which as we know the bush administration needs to borrow money to buy things, like an iraq war,

   the arguement can be made that its good to be buying debt, that it allows rich people to invest in good investments,

   i however, would argue, theres a danger to the economy with all this debt,

   what happens when tax payers have to pay it off

   so,
   i’d say,
   overall right now the US economy is stable but not great, and i dont see it as getting better, rather the opposite

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