The U.S. Economy is going south and millions of Americans are hurting financially. Are we heading to another Depression? If not, how come that the economic indicators are not improving? In August 2008, unemployment rate reached 6.1% nationwide, U.S. Labor Department reported. Everyday, we can read in the papers about the giant financial corporations going under. Have we seen the worst yet? What else is there to come?  

Do you know that during the great depression in the 20s and 30s, there were about 2,500 banks suspended their operations?  The stock market crashed twice in 1929 and they called them Black Thursday and Black Tuesday respectively. The current happenings now in the financial arena are very similar to what happened during the great depression. Currently, we have several millions of Americans who are jobless. Hundreds of financial institutions are going under. Stock Market is struggling on a daily basis. Cost of basic commodities are surging non-stop. At the same time, several millions of Americans lost their homes.  More and more small and medium-sized businesses are closing their operations. At the end of the spectrum, politicians running the government are saying that the economy is doing better. Maybe, they are talking about their own economy and not of  the general public. Please take note of the following facts:

The US government is now forced to borrow $3.1 billion from  China and Japan everyday  to keep our government afloat. Currently, Japan holds over $800 billion and China another $300 billion of our increasing worthless dollar.The US dollar, once as good as gold, has declined in value 50% over the past six years. Billionaires are betting billions against the dollar and raking in enormous profits.    

Consumer debt that was $100 billion in 1980 and $200 billion 1990 is now a whopping 2.7 trillion dollars. We are a country living on our credit cards. There are about 6,000 people filing bankruptcy on a daily basis.This year the first of our 78 million “baby boomers” began to retire. Over the next 25 years these folks will withdraw over 100 trillion dollars from the Social Security and Medicare systems. Do you think the money will be there?Our trade deficit has reached $600 billion per year. This means that we  import more than we export. As a result, our hard-earned money siphons out of our country. Housing, Car, Airline, and other industries are in collapse while announcing massive layoffs. How can we regain the lost jobs we outsourced to other countries?  

How can we fix the above-mentioned problems? Who will help us in the  near future? Can government resolve part or majority of these chaos? If so, we need to act and help to rebuild our nation and restore the true American value and mission in our society. Be wise in electing our leaders this coming elections. This is for the good of your children and the generations to come. Learn from the mistakes of the past. ACT LIKE AN AMERICAN NOT A POTICIAN,