American Financial Crisis

One can certainly say that the American economy has seen better days than the ones it is experiencing currently. Every sector is going through some kind of crunch or the other. From automotive and airlines to construction and retail sales, every industry is facing problems.

This is a problem that has started way back; probably as far as a few decades ago. People started becoming irresponsible; looking for instant gratification. Money was spent like water. And the sad part is, that we still do not realize the gravity of the situation.

A direct result of our actions today is complete pandemonium. People cannot afford to pay back loans; properties are being seized due to non payment of dues. And of course, need I mention that Wall Street isn’t exactly in its prime at the moment.

Both President Bush and Senator John McCain say that the fundamentals of our economy are sound. But on what basis do they have the right to make such a statement? I would really like them, especially the president t explain to us exactly what these fundamentals are.

Today, our economy might be in a shabby condition, but it is only ourselves that we have to blame. But on the other hand, it is never too late to turn the ship around. All we need to do is use our resources properly and there is every chance of making a great comeback!

Of course, many might say what does he know when I make statements such as the ones I have made above. But I am after all an American citizen and I do follow what is happening in my country, as I am a part of it. And I am sure that everyone belonging to my community feels the same way. We are a part of America and we want what is best for her!