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Why do you think the US is in the economic hurt that it is?

What are the factors? How far back does it go? When did you see the first warning signs? Why have wages steadily fallen since the 80s? Why have jobs gone abroad since the 80s? @I M Everywhere U Want 2 B: give you props for humor, but I want a serious answer please OK, Wow, thank you so much--at least most of you--I don't think I've ever seen that many thought out answers on YA before. Awesome

Asked By: - 7/17/2010
Best Answer - Chosen by Asker
Ok to explain the entire situation without right-wingers that know nothing about economics trying to argue against it, I will have to start my answer by explaining to you about Consumer confidence... More
Answered By: avail_skillz - 7/17/2010
Additional Answers (7)
Clearly the sheer volume of peaches has severely dropped the price; there is simply too much supply for the demand available... More
Answered By: I M Everywhere U Want 2 B - 7/17/2010
 
The Glass Seagall Act being appealed to spread the risk of the Community Investment Act. NAFTA caused our businesses to go elsewhere... More
Answered By: Sean - 7/17/2010
 
Expansion of the CRA and the repeal of parts of the Glass-Steagall Act, combined with the rampant corruption in our Congress... More
Answered By: Mr. Potato Dick - 7/17/2010
 
First of all, what the hell do I know? Secondly, the US rode a tsunami of prosperity after WW2. Lend Lease was a factor plus the influx of $$$ into US manufacturing during the war and also the absolute lack of manufacturing going on in the rest of the world in the aftermath. If you look at the US in the times... More
Answered By: REMMI - 7/17/2010
 
It all started when conservatives took over the US Government in the 1980s.
Answered By: El Chango - 7/17/2010
 
The Financial Con of the Decade... More
Answered By: Vidar (Campaign For Liberty) - 7/17/2010
 
I think there are many different roots, not sure I can remember to list them all here... More
Answered By: Andy F - 7/18/2010
 
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