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When will the US economy start recovering ? True not before 2021?
PLEASE NO ONE TELL ME IT'S COLLAPSING ! because if so it would happened long ago ... I mean the situation isn't good I know but isn't there any improvements since the Economy almost added 4 million Jobs in the past two years ?
The positive things :
Unemployment: will be below 8% at the end of this year.
The National Assets: almost 84 TRILLION dollars means we are the wealthiest nation despite the Increasing National Debt.
We will be the world's largest crude oil production by 2016
Taxes will make 3.6 trillion dollars and the state debts are declining aside the Mortgage that are declining too.
Negative points:
the National debt that's increasing 5 billion dollars daily
The economic growth that is not exceeding 1.5% to 3% in most cases
the unemployment that is declining BUT very slowly
Deficit ................
10 POINTS FOR THE MOST ACCURATE AND INFORMATIVE ANSWER
3 Answers
- Tommy LLv 69 years agoFavorite Answer
We might have those assets but are they in liquid form. You feel like giving China are oil rights in order to keep them off are backs because of all the money they owe us. We have printed out money and monotize are debt, we will have problems evnetually that are deeper then what we are experiancing now.
Besides that 8% is a phony number, if we calculated it like we did under Carter it would be 15%.
