Summary

State of My Economy

I study our united states mixed market place economy is presently in a state of recession. A recession is a period of general decline in a nations economy. With the evidence that is present all around us this is true. Many people and businesses in the united states ar deviation through harder times that they were 10 to 15 years ago. the States is really feeling the do of the recession now.
My common association of economics shows me we atomic number 18 in a recession. The supply of American made vehicles, such as Ford and GM products, is exceeding the demand. The major American automakers are constantly experiencing a kick the bucket in their stocks and are laying off countless verse of employees to try to stay afloat. The real estate market is overly doing horrible. Many homes are be foreclosed on and are being repossessed by the banks. Real estate agents just arent change enough and most are losing their jobs or pulling start of the field.
The unemployment rate is high and still rising, as of February 2008 it is at 4.8 portion ( U.S. department of labor ). Many Americans are extinct of jobs and are not putting enough money back into the economy. Our gross domestic product from 2007 is 13.79 trillion ( CIA world fact book ). The CPI is at $211.080 as of January 2007 ( bls.gov/cpi ).



With so many people out of jobs, they cant afford to buy things when the prices are 4.3 share higher than January of last year.
Some people believe we arent in a recession. Some might even believe we are in a state of expansion. Well that multitude is an elite few, and they need to get their facts straight, the evidence is very everyday in my behalf. The FEDs have put into perform both the monetary and fiscal policies, which are used to thwart us from going into a depression. Some people are making a lot of money and are doing tumefy for themselves, but not without the sacrificed of the blue collar workers or the American middle class.
America is really starting to feel the effects of the recession...If you want to get a full essay, order it on our website: Ordercustompaper.com



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