So the Economy in the USA is starting to look pathetic (as are many world-wide). The general stocks are continually crashing, the National Debt is far past ridiculous, and even the money is becoming unrealistic.

DOW apparently had its worst February since 1933 (Great Depression). All the stocks are crashing and its simply because of stupid fright. See, as the stock drop, people are selling more shares. As people sell more shares, the stocks crash faster. And as the stocks crash faster, more people sell their shares, and the process never ends. It's the whole chicken and the egg thing. Why are people selling? The simple answer is because they are scared. They fear loosing all their money so they are selling their shares, essentially crashing the stock market. The sad thing is, very few people are aware of this (thus the stupid part), so continue to think of only their assets, preventing the stock market from healing. People just dont have any faith in Obama at the moment, causing them to become scared of what is to come, and sell their shares. And before people start arguing that Obama IS the reason for the crashes, consider the stock market crashed substantially both on the day after he won the nomination and on the day he read the oath. You cant blame the market crashing on him when he had no power at the time. The damage was done before he took office. This is an obvious display of fear from the investors. They do not trust Obama, and are scared for their money.

This is a widely known clock, guaranteed to depress you. http://zfacts.com/p/461.html. It is known as the National Debt Clock (for USA). At the moment, it is at -$10 Trillion. The National Debt is apparently growing about $47000 per second, making it very difficult to counteract it. There has always been dispute to whether or not Mary-Jane should be legalized or not, even if it was legalized, regulated, and taxed, I doubt it would bring in $47000 per second to at least stop the debt clock.

Few people know that a few months ago, the country was considering getting rid of the penny (1 cent) because the value of the amount of copper used to make the penny was worth about 3 cents (working into my get-rich-quick plan perfectly). This was dismissed however because they realized that when they remove the penny, it required them to round the balances of bank accounts and basically everything. They could decide to round everything UP to the nearest 5 cents, which would cause billions of dollars to be magically put into the country (sounds good, but it would cripple the US dollar). Or they could decide to round everything DOWN to the nearest 5 cents, which would cause billions of dollars to magically disappear from the country. They decided not to make the decision and just act like they never found that out.


Know as to why alot of other countries' economy has gone down with the USA's, the reason is quite simple. All the countries relied mainly on America staying a consumer country. Being one of the largest importers in the world, the USA, despite being hated by the general public of most countries, was a major part in alot of countries' "income" (I dont have a better word, sorry). Once the war started, the gas prices rose, people didnt have as much money to spend, so they stopped buying useless crap, decreasing the amount of importing the USA needed, thus decreasing the amount money the USA was giving to other countries, causing the global problems. The USA, for a large part, has stopped becoming a consumer country.


There's my 2 cents (which would actually be worth 6 cents if I payed in pennies).

I would love to do the math... to be honest. Lots of people in the US plus... can you imagine the exportation level ? and far from the 'sale' people getting caught exporting... how much money they can make by 'suing' (not the world but you guys understand). There can be money everywhere...

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I believe not long ago (5 months) they were planning to lower the drinking / gambling age in Nevada... mainly for Vegas because everything is just crashing there... and i admit i was there around 5 months ago and WOW... pretty much no one has cash to spend in the casinos... (probably why my ticket to Vegas cost 20 bucks!)
On that topic... i think it could of been great... but not only in Nevada but pretty much in the whole country... i mean, 18 years old is the age pretty much everywhere in the world... it's a good way of making extra $$$.

As for the stock market issue, i really like what you had to say... well at least i learned a bit, if i had money... i would of bought all these shares, who's the rich bastard that is buying it anyways ?
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As for my country (France) being in shit... i admit it if the US is going bad... everyone is. The issue in France was since 98 i believe since they lowered the work limit (everybody is lazy as hell now) and since they have been raising the minimum wage but no other salaries in the country. It's been a disaster i believe but oh well it got out of control with the gas price which was around 3x higher than you guys for the same amount.

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All of that said, i just hope the economy gets a little fix, and i mean world wide. Everything is going terribly wrong and that sucks for the next generation.

The US won't lower the drinking age because so many people think of Drinking as either Taboo or frowned upon. People don't think 18 year old kids are responsible enough to legally be able to drink, but it's honestly their parents fault. If their parents would introduce alcohol into the kids lives and not "care" so much about them drinking, then all these kids wouldn't be getting completely wasted and drunk driving and killing people. It's mostly the kids rebelling against the parents when they finally get a chance to drink.

I've been drinking since I was 16 (now 21) and haven't had any problems, I've gotten drunk quite a few times but I'm always responsible about it. I either stay where I was drinking or I find someone who hasn't been drinking to take me home.

They do it right in Europe. Let the kids drink for a few years before they get behind the wheel of a car.

Exactly, let them get used to drinking before they drive.

Well in France (and most EU) you are allowed to drink at the age of 18. You are allowed to drive with your parents next to you at the age of 16 and have your drivers license at 18.
So you are introduced to driving and drinking at the same time.

I remember a time where i use to drink in bars at 16 17. Knowing a bar in France is a very common place to be. Honestly kids are pretty responsible here.

What i don't understand in the US is :

driving : 16
drinking : 21
smoking : 18
army : 18
vote : 21 (i believe)

I mean common... i believe there is an age where you are mature enough to do all of the above. You are allowed to kill people at 18, but not old enough to choose the one that is going to give the order, at least they can allow you to get drunk at 18 to forget about the dude you just killed ?

I dunno. I don't care. I turned 20 two days ago. I got 2 beers and some vodka.

Drinking is definitely 21, but smoking, army and voting are all 18.

Driving is different state to state, for example in florida you are allowed to get your learners permit (where you have to have an adult 21 or older in the car with you) at age 15, and you have to hold your learners permit for one year before you can get a real drivers license. But you are allowed to get your real license at 18 even if you've only had your permit for a few months.

Voting age in the US is 18.

Edit: Didn't mean to make it so short!

Voting age in the US is 18.
I'm not a big fan of drinking, so the drinking age doesn't really bother me. I turned 21 2 months ago and I haven't even gotten drunk yet. I did have a few drinks out though.

I have to admit the laws in the US are pretty gay though.

Driving (on average): 16
Smoking: 18
Military: 18
Voting: 18
Drinking: 21

It doesn't make sense to me that when you're 18 years old you're old enough to be responsible enough to 1) Choose who you want to lead the country. 2) Make the decision to smoke or not (hell if you can't drink why should you be able to smoke? I smoke though, so I'm glad lol). and 3) You're responsible enough to go fight (and possibly die) for the country yet: You're not responsible enough to drink.

Pretty retarded. Economy hasn't really hurt me at all though - it's actually helped me. My best friends parents (kinda like my 2nd parents) are buying a foreclosed house so that we can live in it and pay the mortgage (only about 500 / month). That's pretty bad ass since Naples, FL is a damn expensive to live in. The house was probably once 150k and they're getting it for about 60k (however much was owed to the bank) and if the economy goes up as planned they'll probably be able to sell it in about 4 years for 300k after we do some renovations.

I feel bad for those who are losing their homes and everything do to the economy but I can't really complain right now. I have more money saved up than anyone else I know.

I am also not only lucky to have a job but lucky to have a job that allows OVERTIME to the point where I'm grossing 1300 every two weeks.

And cigarette taxes just jumped. A pack of reds now cost almost $6. Im fucked....

I haven't seen a jump on cigarette taxes here yet. I had heard about it but didn't know when or how much. I'll have to look into it, cuz that's going to suck. I smoke camel unfiltered and they are already close to $5 when Marlboro reds I can find for $3.26 (just bought a pack of reds last night since they are so cheap).

Supposedly the price of cig's will jump $1 per pack or $10 per carton. I -love- Marlboro Red 100's but since I'm trying to save money instead of paying $3.49 per pack, per day (average of about $107 / month) I've started smoking these cheap things (which turn out I like them pretty good too) that are called Poker 100's, for $15 / carton which averages me about $45-60 a month. So I'm saving between 40-50 bux a month on cigs

BUT.. If when the taxes go up it's going to bump me back up to $100 / month which will suck major balls.

"Free country" my ass - Sure you can smoke, but we'll keep raising the taxes until you stop.

Where do you find Poker 100's? I've smoked 305's a couple times because they are $2 a pack and I was flat ass broke, but they are so damn harsh. I've also gotten cold coast a few times, but that's been a while, I can't even remember how much those were.

I get mine from a local tobacco store. They have a few different brands that I've tried that were OK. I didn't care for 305 Menthol much - too.. ugh for me. I ended up throwing a whole carton of them away. Pokers are actually the best I've tried that are cheap. They don't leave a horrible aftertaste like most cheaper ones.

US economy effect all over the world...it gives drastic changes in the lives of several people..

Great post we need cutoff all meaningless expensive

cool

Dont think that is cool post. Its a post for those who likes to laughed but no to do something inway to change this situation.
Its really terrible that so big and stability economic system almost dead.

NOTES due on the American debt caused the Stock Market Crash in 1929; America became bankrupt.

In 1933 America went off the Gold Standard.

April 25, 1938 there was a landmark precedent setting decision by the Supreme Court of the United States which gave rise to the “Erie Railroad Decision” (Erie Railroad Co. v. Tompkins 304 U.S. 64 (1938)): We can only hear Case Law; we can not hear Cases at Law! (We can only hear Legalism; we can not hear Lawfulness!)
This decision (reasonably researched) in which it was basically found that due to a January 1, 1863 Federal Executive Branch of government Declaration recognizing rebellion of several Sovereign southern States (“American Civil War” April 12, 1861 – April 9, 1865: a misnomer extended in credibility by a shrewd corporate lawyer from Illinois state and generally perpetuated since November 19, 1863) (by the Sovereign, now in rebellion, southern States (see: Emancipation Proclamation) failing to obligingly convene with the remainder of the United States Congress) and Federal Union Commander - in - Chief Abraham Lincoln's Gettysburg Address (November 19, 1863) in which it is stated "that this nation, under God, shall have a new birth of freedom" did in fact create an entirely new nation - a “de-facto” (corporate legal) American nation conceived in Martial Law under the “de-jure” Sovereignty of the several States united in Civil Law (Constitutional) Jurisdiction enjoined government of Admiralty Maritime Law (Federal) Jurisdiction (as Washington, District of Columbia (D.C.), which was by the authoritative ratification of the Sovereign several States united Constitution (the Constitution for the United States), was purposely devised to be situated on water (a swamp) allowing for an Admiralty Maritime Law Jurisdiction distinctly enjoined from the Sovereign Civil Law Jurisdiction which the Sovereign several States united enjoyed (the Constitution for the United States - Article 1, section 8, clause 17).

The “de-jure” Sovereignty of the several States united in Civil Law (the Constitution for the United States) Jurisdiction is provided by fact and enjoined from of the Sovereign(try) Right(s) of the newly created Nations, i.e., the organic 13 individual Sovereign states., Sovereignties being the American Colonies (each individually and separate - but equal) inheritance of the Sovereign(try) Power(s) from the transfer of all the United Kingdom of Great Britain’s Sovereign(try) Power(s) over Colonial America (and a vast amount of the North American Continent) from then Sovereign King George III of the United Kingdom of Great Britain at the time of Sovereign King George III’s United Kingdom of Great Britain’s surrender by General Cornwallis of October 19, (20th), 1781 to American Continental Forces Commander - in - Chief George Washington (General Benjamin Lincoln accepting General Cornwallis’s sword) and the 1783 Treaty of Paris: preliminarily prescribed – 1782 (Continental Congress Ratification – January 14, 1784, and, by, the United Kingdom of Great Britain’s King George III’s signature- April 9, 1784, thus, Internationally ending the American Revolutionary War and “We the People of the United States” become a fledgling nation).

(Abraham Lincoln of Illinois state had become a very shrewd corporate lawyer before his election, and once elected (I believe, had spent his entire life savings publishing the Lincoln - Douglass Debates which were widely read and attributed greatly to his exposure to the general masses)

Seemingly, not to get off point (I’m still focused) here but bear with me, this is important: The Federal Northern Union Commander - in - Chief (in the guise of a President) Abraham Lincoln (on September 22, 1862 issued a PUBLIC NOTICE) in the Emancipation Proclamation gave the Sovereign several Southern states 100 days to comply with the sending of Representatives to convene with the remainder of the (dissolved) United States Congress as set forth by the (as of December 20,1860, now breached contract) Civil Law of the Constitution for the United States (honestly, it was one of the functions of the Constitution for the United States President to preside over a United States Congress that would conduct/mediate International Affairs with other Sovereign Foreign Nations on behalf of the Sovereign several States united in America and to make sure the provision(s) of the contract (the Constitution for the United States) were upheld and enforced).

In all general appearances:
On January 1, 1863 with several Sovereign southern States now in a noticed breach (rebellion) of the contract (the Constitution for the United States) Northern Federal Union Commander - in - Chief Abraham Lincoln really found himself presiding over nothing (nothing use to be: a republican form of government, i.e., the Constitution for the United States - Article 4, section 4., founded in/of/by civil law), remember I said “shrewd” - check this Republican out – (in the guise of a Constitution for the United States President and in full knowledge of the Union (dissolved)) Northern Union Commander – in – Chief Abraham Lincoln 100 days earlier . . .
(Knowing there was no worldly authority (Court, or, can you say United Nations) above the law of the land (the U S CONSTITUTION with its lawful Twelve Amendments) that would be able to hear and decide of the breach (rebellion) of the contract (United States Constitution))
was able by the September 22, 1862 issuance of the Emancipation Proclamation (even though the Union had been dissolved from the onset in 1861) to invoke a (p)reserved Constitutional War Powers (a United States Constitutional Power for the United States President of the Executive Branch of “We The People of the United States” government) (because Northern Union Commander - in - Chief Abraham Lincoln had NOTICED PUBLICALLY the United States, i.e., the September 22, 1862 issuance of the Emancipation Proclamation, to send Representatives to convene with the remainder of Congress on January 1, 1863) and seemingly place any and all Sovereign rebellious State(s) into an Internal Constitutional Revenue pre-conditioning state (Here is an interesting and really overlooked point: the “Civil War was not about the freeing the slaves”, it was absolutely, not, . . . here is the proof - such as Kentucky state: a slave holding Kentucky state that was not rebellious as they had obliged the U S CONSTITUTON and sent Kentucky state Representatives to the United States Congress thereby protecting the property of the individuals (their slaves) of Kentucky state, (slaves were property, and those slaves in several Sovereign, now in rebellion (as of January 1, 1863), southern States through the Emancipation Proclamation are now property of the United States of America – but not Kentucky’s property, (by way of an action that basically provided for anyone who lends aid to an imposing force against the United States of America shall by virtue of such act lose all his property: this arising out of the War of 1812 with the British) but by virtue of the slaves being of mankind they were by Commander - in – Chief Abraham Lincoln’s Emancipation Proclamation declared ("That on the first day of January, in the year of our Lord one thousand eight hundred and sixty-three, all persons held as slaves within any State or designated part of a State, the people whereof shall then be in rebellion against the United States, shall be then, thenceforward, and forever free; and the Executive Government of the United States, including the military and naval authority thereof, will recognize and maintain the freedom of such persons, and will do no act or acts to repress such persons, or any of them, in any efforts they may make for their actual freedom.”) a citizenry and whose right(s) are protected by the military and naval authority of the United States until such time as they become actually free.
In the guise of a Civil Law United States President of a Union dissolved in 1860: A Federal Commander - in - Chief (being a prominent Admiralty Maritime Law Jurisdiction Authority) Abraham Lincoln had just exhibited, by proclamation, the cornerstone of the Federal Internal Revenue of Sovereign Constitutionally privately held property. What had just happened here was the beginning of the Federal Authorities usurping of the (several) Sovereign state(s) right(s)

It is now, November 19, 1863 – The Federal Union Commander - in – Chief Abraham Lincoln is at Gettysburg and delivers a brief 2 minute speech after a long winded 2 hour speech from Edward Everett (the publicized orator for the ceremonious event):
“Four score and seven years ago our fathers brought forth, upon this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal.
Now we are engaged in a great civil war, testing whether that nation, or any nation so conceived, and so dedicated, can long endure. We are met on a great battle-field of that war. We have come to dedicate a portion of that field, as a final resting-place for those who here gave their lives, that that nation might live. It is altogether fitting and proper that we should do this.
But, in a larger sense, we can not dedicate, we can not consecrate – we can not hallow – this ground. The brave men, living and dead, who struggled here, have consecrated it far above our poor power to add or detract. The world will little note, nor long remember what we say here, but it can never forget what they did here.
It is for us, the living, rather, to be dedicated here to the unfinished work which they who fought here, have, thus far, so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us – that from these honored dead we take increased devotion to that cause for which they here gave the last full measure of devotion – that we here highly resolve that these dead shall not have died in vain – that this nation, under God, shall have a new birth of freedom – and that government of the people, by the people, for the people, shall not perish from the earth.”
This Admiralty Maritime Law (Federal) Jurisdiction Union Commander - in – Chief Abraham Lincoln has just colorfully dispositioned, or, set aside (a Federal Internal Revenue Service), the Constitution for the United States with no diminishment of capacity or effect and preserved the (now) organic de-jure Constitutional Civil Law of the “We the People of the United States” government and births a new “de-facto” constitutional freedom, i.e., the Emancipation Proclamation on January 1, 1863., “of the people, by the people, for the people forged in legality (as Washington D.C. exists unlawfully as the Civil Law Union dissolved in 1861 and a non-lawful (legal) notice to appear (issuance of the Emancipation Proclamation of September 22, 1862) although untimely but still reasonable) Admiralty Maritime Law (Federal) Jurisdiction.

This Admiralty Maritime Law (Federal) Jurisdiction Internal Revenue Service provided the Commander-In-Chief Legal (Corporate) Constitutional Presidential (Chief Executive Officer, C.E.O.) Power(s).

At the beginning of President Lincoln’s woes here, it was the intent of President Lincoln (should the North prevail in the rebellion) at the end of the Rebellion of the Southern states to restore, by Executive Privilege, the republican form of government, i.e., U S CONSTITUTION Article 4, section 4.

President Lincoln, after re-election, was felled by an assassin and died (April 15, 1865) before this may have been accomplished.
The successor, President Johnson (1865 – 1869), was going to follow in his predecessor’s footsteps but was somehow deterred from it (maybe having been the first President to face impeachment, having won by one vote, or, that he was the only President never to have had a formal education), President Johnson left the Presidency without seeking an elected term but bowing out after the succession of power appointment ended. (hmmm!)

Prior to the Union dissolving (with South Carolina being the first to secede on December 20, 1860) the last lawful amendment was the Twelfth Amendment (Amendment XII) to the Constitution for the United States and was ratified by the requisite number of Constitutional states on June 15, 1804.
The last, Constitution for the United States, lawful state admittance was Oregon on February 14, 1859.

The first legal amendment
December 6, 1865 the Thirteenth Amendment (Amendment XIII) was adopted.


Rebellion . . . They call’em Johnny Reb’s

Internal: That which lies in the meets and bounds of your borders.
Re: To allocate anew. Venue: Jurisdiction.
Service: Action unto completion.

Internal Revenue Code
U.S. Congressional Code Title 26 (which by the way is NOT Public Law as many Congressional Codes are, rather Title 26 does not affect the whole of the populous) only affects individuals of privilege, i.e., FEDERAL EMPLOYEES and FEDERAL CITIZENRY (for if one reads ands understands the code they will find that it only affects governmental position(s) and the monies made from the employment within those position(s) and therefore the Taxation created by the I.R.S. code is in direct compliance with the U S CONSTITUTION by being an indirect tax and not a direct tax by numeration, and that’s how it’s achieved).
On July 9, 1868 the Fourteenth Amendment (Amendment XIV) was adopted (This is a very IMPORTANT FEDERAL Amendment. (I can’t do all the privileged work for you)

As an Fifth Amendment, You are not taxed on the money you have earned by employment in a position(s) of privilege(s) but rather through your discharge of monies made from the position of privilege on non-natural life sustaining sustenance privilege(d) item(s).

It is the Constitution for the United States of America
It is not the Constitution of the United States of America
It is not the Constitution of the United States for America
It is not the Constitution for the United States
It is not the Constitution of the United States

America became bankrupt in 1929 and never recovered from it.
American courts are legal not lawful, therefore there is no law in America.

Do you understand your government and how it works?
. . . Rather do you know how to direct your governmental servants of the public?

The Creator does allow the servant to dictate over Him.





**A special note (12JUNE09 03:15 AM CDT (GMT+6)): There is a discovered nuance that is contained within the above, such as:
It is not the Constitution for the United States even though in the above it is the "Constitution for the United States" so stated in places, oops!, I'm lazy - I'll admit it. (there may be more that will be dealt with respectively)

The realization of the necessity of placing earlier respective action(s) in history pertinenant to this should be added.

as being business studies student, i don't think, US economy will come back to the place where it was at least for next a decade. as china and india the biggest competitors to us economy wont let us to stand on their feet again.

Hello,

interesting conversation you have here guys, i never know things like that happening, thanks for providing this information and letting me know all this.

Thanks, micky
Simulation pret

It is not the time to express our concern about the down trend economy of the country. Instead we should try to contribute and support for the efforts being done by the govt..

The economy is definitely in shambles right now, and i believe there are several different causes. aussiemcgr, what you said about people selling because there scared, i somewhat disagree. My grandmother, who financially was doing extremely well, owns/owned a LOT of stock and it was part of how she pays her bills, and when the stocks went down, she had to sell three times as much to help pay her bills. Ergo- everyone was selling even MORE to make the same. But yeah, I could see people doing it out of fear as well.


Also, for everyone who was talking about the drinking/army/voting/driving ages. I think the only unreasonable one is the driving age. I live in texas and I dont know how it is everywhere else, but here, you have to have be fifteen to get your permit, you have to be enrolled in school(under 18 of course), after six months you can get your license, but for the first year of having your license, if your caught using your cell phone or with more than one person under 21 in your car, they'll suspend your license. Also, with the whole drinking age thing, (I live around the Houston Area) most people treat it as followed- You have to be 21 to BUY beer, but any age can consume.

OH, and Marlboro reds at 3.26?!?! There a little over 5 bucks here. I smoke camel crush, and there like 6 something.

interesting conversation.
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These statistics are from 2010. USA is the country that has the world's largest GDP. The European Union (many European countries combined) has more GDP than USA. China is the country with the world's #2 GDP. However, China's economy is growing at a fast pace. In 50 years, China could become the country with the world's highest GDP. USA has a GDP per capita of $47,123. China has a GPD per capita of $7,518.

A few freak countries have very large GDP per capita.

1 Qatar $88,232
2 Luxembourg $80,304
3 Singapore $57,238
4 Norway $52,238
5 Brunei $47,200

Thanks for the details about USA Economy...

Really I appreciate your writing but we can't blame OBAMA he is not a president but of USA i think he is a president of World we should appreciate his work his plans for States. for more information feel free to visit americanrattan.com

Interesting information.I really like your conversation made on these topic.

THE U.S. economy is currently experiencing its worst crisis since the Great Depression. The crisis started in the home mortgage market, especially the market for so-called “subprime” mortgages, and is now spreading beyond subprime to prime mortgages, commercial real estate, corporate junk bonds, and other forms of debt. Total losses of U.S. banks could reach as high as one-third of the total bank capital. The crisis has led to a sharp reduction in bank lending, which in turn is causing a severe recession in the U.S. economy.
The U.S. government is making sure that the big banks are getting all the cash they need to make sure that they don't fail during these rocky economic times, but the U.S. government is letting small banks fail in droves. In fact, in many instances the U.S. government is actually directing these small banks to sell themselves to the big sharks.
The U.S. has a stalled economy – one that is unable to employ all those Americans who want jobs, plus maintain an assured national security. The three major signs of this are:

* Inflation is turning to job-destroying deflation;
* Interest rates are at post-World War II lows, yet investment is anemic;
* Federal debt as a percent of GDP will soon hit levels last experienced immediately after World War II -- (121 percent of GDP in 1941).

I firmly believe that the U.S. economy out of the vulgar

Don't worried about it just chill.

Be optimistic. We will overcome it soon.

I hate it when the economy of US is failing. Today, in the leadership of President Obama, the economy of the US is still failing and it affects the dollar earners and the stock market in the Philippines. I hope they would recover soon.

This seems to be a old thread! But the USA ecnomy is facing another serious problem now, terrible!

It's touch to make the economy stable. It requires hardwork, knowledge,tactics etc. so what's happening in the US economy these days are normal.For sure our economy will rise again. Let us just put our faith in Obama for sure he can settle this.