2008-08-29, 03:43 PM
Hi,
For months now, I have been hearing how horrible the US economy is and how Bush did such a bad job. I may be a little naive but can anyone give me the facts on the recession or tell me where to find them? Because frankly, from what I've seen around me, life hasn't drastically changed. Gas prices may have gone up and many people are sensitive to rapid inflation of gas prices. However, they have fallen considerably from how they were a few weeks ago.
I also understand that one part of it is from people being unable to sell their houses for the price they wanted. Which caused many people to lose a lot of money. Also, some people have been losing their jobs as the unemployment rate has increased slightly.
I was wondering how the US government and Bush are responsible for the recession that everyone is talking about, what the other causes and effects of the recession are, and is it something to be worried about.
For months now, I have been hearing how horrible the US economy is and how Bush did such a bad job. I may be a little naive but can anyone give me the facts on the recession or tell me where to find them? Because frankly, from what I've seen around me, life hasn't drastically changed. Gas prices may have gone up and many people are sensitive to rapid inflation of gas prices. However, they have fallen considerably from how they were a few weeks ago.
I also understand that one part of it is from people being unable to sell their houses for the price they wanted. Which caused many people to lose a lot of money. Also, some people have been losing their jobs as the unemployment rate has increased slightly.
I was wondering how the US government and Bush are responsible for the recession that everyone is talking about, what the other causes and effects of the recession are, and is it something to be worried about.