Why does the economy suck so much?
by 
LittleMissSunshine
ANSWERS: 5
-
you know the saying - what goes up must come down
-
The reason it is in trouble is because the Republicans under George Bush have spend about a trillion dollars that they do not have. Debt has a devastating impact on the economy, particularly the debts of nations.
-
Actually it's a matter of demographics. 25 million Baby Boomers are leaving their peak spending (getting married, buying a house and furnishings, raising kids) and earning years (taxpaying.) This generation of consumers have supported the world economy for the last 40 years. There is a similar generation in Europe and Japan. Losing this consumerism has a downward spiral effect that probably won't me made up for over a decade. There is nothing any politician can do to prevent this.
-
ASK the Bush administration, they aren't done messing it up yet.
-
Because there is a limit to everything...
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC