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Will the U.S.A economy recover? email this discussion to a friend?

LuisZambrano (8)   ranked 265 out of 459 in usa4 months ago

Supposenly the most powerful country in this world known as the U.S.A is going thru a depression??

Will the economy recover or will things collapse with the war in Iraq and things such as the rising oil prices?

 
 
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tags:  economy, united states, oil
 
1. myLot reputation of 78/100. YOULANLIU (250)   4 months ago

We don't want to see the depression of U.S.A economy.If that will come the truth,it could be the disaster of the world,especially these countries who have close economical ties with it,such as China.States should jointly deal with the possible arrival of the world's economical depression.

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2. myLot reputation of 89/100. desertdarlene (5655)   ranked 137 out of 459 in usa   4 months ago

Ups and downs in the economy are completely normal. The United States has experienced economies worse than this before and it's always recovered. People might have to change their habits and make some changes in their daily lives, but it will be a good thing in the long run. A lot of the time when the economy turns downward, it weeds out a lot of problems and it will come back stronger than ever.


LuisZambrano (8)   ranked 265 out of 459 in usa  4 months ago

But what about the rising oil prices????


myLot reputation of 89/100. desertdarlene (5655)   ranked 137 out of 459 in usa  4 months ago

Well, we'll just have to adapt. We've had high energy costs before and even shortages. But, we adapted by making more efficient technology that uses less. Then, oil got cheap and they started making those big cars again. Now, they're going to have to find a way to make vehicles that use less gas. People will just have to get their butts in gear and do something and something will be done.


LuisZambrano (8)   ranked 265 out of 459 in usa  4 months ago

Thats true you brought up a big point

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3. myLot reputation of 86/100. spalladino (3268)   ranked 219 out of 459 in usa   4 months ago

The U.S. isn't the only country feeling the pinch economically because of OPEC. This is a global problem, not just an American one, but I don't think the U.S. will go through anything close to a depression. There are alternatives to oil which we are now forced to use and people are going to have to learn to conserve. Economies go up and they go down, we had a recession in the 1970's and we survived that so I'm confident we'll survive this.

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