People keep saying that our economy is on the verge of recession. Well, that is what they said a 7 months ago, and it has been getting worse every month. According to the International Monetary Fund, the US GDP growth rate is .5%, compare that of China's which is 9.3%. Anything under 5% is considered stagnant. The US's economy is not only in a recession, but it seems more like it is on the verge of a depression. On top of that, the US is in over $9 trillion in debt, most of that belonging to China.
Many families feel this impact, and hard. Prices of food have gone up, and just getting to the store costs $1.90 (assuming the store is 5 miles away and the vehicle gets 20 mpg). Gas is so getting so expensive now, and the oil refineries have the capacity to make more, but they refuse.
Think hard on who you vote for next election, for it is the diciding factor in whether or not we make it through this recession.
