"The recession that has plaged the United States for the last few years is now over." I do not feel that is statement is valid. Maybe the experts have seen an incline is spending and a decline is prices. But President Obama just passed a stimulus package. That stimulus package is having people spend money and put that into our economy. But where did the money for the stimulus package come from? How are we supposed to truely be out of a ressesion if we keep borrowing money?
Even if we did not borrow the money from China, that means that we printed more money from the federal reserve. Which inturns means that the American dollar just lost more value. Also, what if the stimulus was just a temporary fix? The money that has been passed out to people is eventually going to run out. What will happen when that happens? I feel that we will just go deeper into the hole. We should cut government spending and do what needs to be done inorder to get the American dollar's value back and to not have to owe China so much money. Even if the recession is over, we are still 13 trillion dollars in debt. I caution us all to do what we can inorder to restore the Roaring America, that was alive during the Twenties.
I definitely agree with you! It feels like we've just always been in a recession and now all of a sudden we're not? I alway thought it would have to take something really drastic to overcome the recession. So what now? I have a feeling that people telilng us we're out of a recession are going to feel pretty funny when they realize we're still struggling economically.
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