The Top 5 Reasons We Are Slipping Into Recession
Asa hugely popular subject across the board right now I decided to do a list. There are probably too many reasons to list but, we will try.
#5) Energy Consumption Compared to Cost
Every day in the US we are using millions of gallons of gasoline and thousands of tons of coal. These energies are very expensive, gas is $3.30 a gallon and energy bills are through the roof. People cannot afford these prices and are forced to sacrifice in areas that they should not have to such as-- families are having to decide whether to buy those few gallons of gas to get to work or pay for their electric bill. Energy consumption versus price is a big reason a recession is a looming matter for the US.
#4)Housing Crisis
Us families are finding it harder and harder to pay bills that before they had no problem paying. This is because mortgage rates are the highest in US history and families are being forced to over-pay on their houses mortgage leaving no room left to cover the cable or phone bill.
#3) Horrible Unemployment
More people are out of work now than we ever seen. Companies that were once on your street corner are now an empty building. So many companies are going out of business that employment-- other than fast food-- is becoming nearly impossible to find. People are being laid off in order to keep companies from go under and the people getting laid off cannot find work.
#2) Careless Spending Turns Into The Biggest National Debt Ever
The spending of our government, whether the war or company bailouts, has been radical at the least. We cannot escape a major economic melt-down if our government keeps bailing out billion dollar companies like 'Bear Stearns'. There are people who need the money to keep their houses or send their kids to college, do not spend $30 billion on a company that already had that much money to begin with. The war has been a very costly and useless effort. It has driven up gas prices and gotten us nowhere.
#1) The War
The government is pouring billions of dollars into the war every month. In fact we have spent so much money over the course of the last 8 years that the national debt has doubled... doubled from $5 trillion to $10 trillion. The wars have accounted for over half of that.
These are the reasons we are slipping into recession and will eventually be in a full recession.
#5) Energy Consumption Compared to Cost
Every day in the US we are using millions of gallons of gasoline and thousands of tons of coal. These energies are very expensive, gas is $3.30 a gallon and energy bills are through the roof. People cannot afford these prices and are forced to sacrifice in areas that they should not have to such as-- families are having to decide whether to buy those few gallons of gas to get to work or pay for their electric bill. Energy consumption versus price is a big reason a recession is a looming matter for the US.
#4)Housing Crisis
Us families are finding it harder and harder to pay bills that before they had no problem paying. This is because mortgage rates are the highest in US history and families are being forced to over-pay on their houses mortgage leaving no room left to cover the cable or phone bill.
#3) Horrible Unemployment
More people are out of work now than we ever seen. Companies that were once on your street corner are now an empty building. So many companies are going out of business that employment-- other than fast food-- is becoming nearly impossible to find. People are being laid off in order to keep companies from go under and the people getting laid off cannot find work.
#2) Careless Spending Turns Into The Biggest National Debt Ever
The spending of our government, whether the war or company bailouts, has been radical at the least. We cannot escape a major economic melt-down if our government keeps bailing out billion dollar companies like 'Bear Stearns'. There are people who need the money to keep their houses or send their kids to college, do not spend $30 billion on a company that already had that much money to begin with. The war has been a very costly and useless effort. It has driven up gas prices and gotten us nowhere.
#1) The War
The government is pouring billions of dollars into the war every month. In fact we have spent so much money over the course of the last 8 years that the national debt has doubled... doubled from $5 trillion to $10 trillion. The wars have accounted for over half of that.
These are the reasons we are slipping into recession and will eventually be in a full recession.
Labels: careless spending, Energy consumption, national debt, the war, unemployment, Us Housing crisis
posted by braane at
1:33 AM
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