Sunday, April 12, 2009

The Effects of the Great Depression (7)


Given the sad shape of today's American economy, despite all that has been learned from the past to assure economic stability, we cannot be overly confident that history will not repeat itself. Contending with surging gas prices, soaring food costs, rising home foreclosures, mass unemployment, a fragile economy adding to it the monthly costs of the U.S. war in Iraq, is downright terrifying with absolutely no guarantee that the worst is behind us.

American economists, businessmen and numerous politicians have not left any stone unturned in their efforts to establish stability in the economy, though no one can foresee precisely what course they will take or what costs will be incurred to achieve the end results. We are all too familiar with the current situation on the war in Iraq, energy woes and the troubled economy leaving millions unemployed as well as the staggering amount of home foreclosures. Though President Obama and his economic advisors are trying their very best to bring about some sort of relief or a slight improvement to this crisis, with the hopes that the American people remain calm and positive through this climate of change.

The question is "why with this in mind am I still feeling uneasy, and not more hopeful now? Does it mean that the worst is yet to come? What do you think?


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