Is America Going Into A Recession?
Is America going into a recession?
Well first what exactly is a recession? In its simplest form, it means at least two consecutive quarters when the economy shrinks or fails to grow. Now that you know what a recession means, yes, America is on the brink of a recession if not already in one. What does this mean for Americans? It will mean more unemployment, bankruptcies, foreclosures, and lower wages and profits. I think this all began with people and their greed. From political leaders, financial companies, and the American people themselves.
Political leaders were involved with their involvement of constant support of the war and supplying funds over and over again with supplemental bills. Which is basically refinancing the previous war debts with more cash out, with no honest disclosure on how they plan to repay this war debt? Politicians also played a role with allowing US companies to relocate jobs overseas and also opening our markets to free foreign competition. This......
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