Why is The U.S. going into Recession?
I'm trying to do a report on who, what, where, why/how, is there a plan?... on Global or U.S. Recession.. & I need help please!!
Asked By: Andrea W - 1/23/2008
Best Answer - Chosen by Asker
Because you can only fool the people for so long, then reality catches up with you... More
Answered By: JimDandy - 1/23/2008
Additional Answers (12)
i would love to have an explanation too on this. i think it might be the war..
Answered By: aangsumanc - 1/23/2008
Because economies based on capitalism go through a cycle of prosperity, recession, depression, and recovery then back to prosperity.
Answered By: scottarooski - 1/23/2008
Well there are plenty good viewpoints of why the US is having a recession in this article here: http://news.bbc.co.uk/2/hi/business/7181922.stm But be sure to understand it and see if it agrees with your opinion as well as question his opinion to get a good mark for your assignment. Good luck!
Answered By: RAWRitsanONION - 1/23/2008
people spending less b/c they don't have value in their houses to borrow from anymore. banks lending less for everything because they have lost so much money on this housing mess. people cant spend more b/c they're completely tapped. the gov't can't help b/c we have such a huge deficit from the war. foreigners not... More
Answered By: redwine - 1/23/2008
The US encouraged and lent too much money over the last 5 years to people to buy houses that should never have been lent the money. Everything became highly price inflated. Now people dont have enough money to spend to support the economy, so they have potential recession.
Answered By: Sian P - 1/23/2008
i think because the base of america (the factory workers/ store workers etc.) dont have money to pay the other people working in other companies like electric, heat, and everything else and that also means that people cant afford to buy stuff so stocks are falling, prices are rising and no jobs are being created. And... More
Answered By: shoty1054 - 1/23/2008
the economy is doing poorly
Answered By: xenycexgurlx - 1/23/2008
check out Lyndonlarouche.org he seems to be the only one who knows why it is happening and how to fix it... More
Answered By: mblastguy - 1/23/2008
It will likely be global and last into 2009 before things perk up. But to answer a really complicated question... More
Answered By: Matomi - 1/23/2008
Immigration: This country let 9 million immigrants from Mexico into this country, and they don't contribute to the economy, then turn around and send the money back to Mexico, and this is why the peso is stronger than the dollar.
Answered By: concern - 1/23/2008
The stock market prices are declining quite a bit now. And usually declining stock market precedes an economic recession... More
Answered By: Nick Z - 1/23/2008
In my opinion... More
Answered By: benvanzile - 1/23/2008
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