Quote:
Originally Posted by walidm
Thank you for your response. Please answer the question.
|
The State of the Union is this:
1) The War in Iraq. I look forward. The terrible mistakes made by Cheney and Rumsfeld cost many American lives. I am forever grateful to those soldiers who sacrificed for us. The Iraqi Government is improving. It has to get to a point where we can begin with drawl and put this mess behind us. We can then focus on other Threats America faces.
2)The economy. The economy runs in cycles and certain factors exacerbate the cycles. The first factor is the American people and their outrageous spending habits. When things are going great Americans spend and spend and spend. They run up debt and then can no longer handle paying off this debt. We then see downturns in economic activity. The downturn we are experiencing now is related to a couple of issues
The real estate market CORRECTION. and I emphasize correction because the real estate market spiked when speculators drove the market completely out of whack nd Mortgage companies handed out mortgages like they were going out of style. People who had no business buying property were leveraging their savings and retirement accounts so they could buy a house they could not afford.
Of course oil prices are like a giant anchor on our economy. Again I believe speculation is driving the price to absurd levels right now. I hope I am right and oil will return to the 80-100 / barrel level sometime soon.
The State of our Union is still strong. The United States is experiencing a rough road right now but we will get through it regardless of who is in the White House. Because we enjoy freedom to express our discontent by voting. Because we have an economic system that has fended off downturns thousands of times worse then this terrible recession we are in now. That is my optimistic view on the State of the Union.