American economy in crises - a long time coming

American economy in crises - a long time coming

When a country and its society import more than they export for over a quarter of a century, it is bound to erod the economy to its primate state.

We have only ourselves to blame, what goods and products are we exporting, what goods and services are produced in the USA, the answer is very little by comparison.

In the past 50 years as our population has increased, technology advanced, we have become a nation that consumes enormous amounts of resources, we shop for competitive prices. Corporate America is constantly looking to increase the bottom line.

Most of the goods for and by Americans and its companies are produced overseas and in the past decade with the advancement of telecommunications, many of the services sector are also imported.

The increased costs of energy over the past 10 years, has affected the economy to unimaginable comprehension.

This economic activity has eroded our economy to its core. It seems that the situation is getting worse every year. American debts are increasing beyond our wildest dreams, endangering the future economic vitality of our future generation.

I hope it is not too late for our society to recognize the graveness of our economic predicament and its resolve to take appropriate action to stem the tide of our economic downturn.

Americans are a nation of great technology and knowhow. We must utilize that technology and our resources to find new means to regain our economic independence.

We must face and implement fiscal responsibility, both by the government and the population with its infrastructure of corporate America.

It is no longer an option, it is a must if we as a nation want to survive and retain our way of life and economic vitality.

Inflation, recession and financial crises are here. Let us take the bull by the horn, initiate immediate actions to minimize and hopefully reverse our economic crises.

Jay Draiman, Northridge, CA.

PS

The US economy has enormous momentum. Metaphorically speaking, if someone turned off the locomotive that drives the US economy, the economy would go on for miles before anyone would likely notice something was wrong. But something has been wrong for many years. Is there really hope for the future? Maybe. But the terrible truth is that no one really knows. But if there is hope, we're already on the wrong track. And that has to change..

“Can the energy crises be overcome?” – I say yes!

I think that the public, the government and corporate America should treat these energy crises as a danger to our way of life.

During World War II, the America we know unified in a common cause. Everyone rolled their sleeves to chip in and Americans produced an enormous amount of hardware for the war effort. “I see a solution within 36 months”.

If we as a nation can really appreciate and understand the severity and enormity of the energy crises, the catastrophic impact on our economic stability and civilization,

we must unite and do whatever is necessary to produce other forms of energy and overcome this energy and economic crises “by putting all politics and egos aside and look for the good of our nation”.

Jay Draiman, Northridge, CA

PS

ENERGY

Soaring gas prices, record oil company profits, unsustainable trade deficits, soldiers dying in Iraq’s deserts and catastrophic climate change— conservative energy policy is running us toward ruin. We urgently need to stop subsidizing dirty fossil fuels and start investing in a clean energy economy. In 1961, President Kennedy challenged us to send a man to the moon within a decade and launched the Apollo plan to make it happen. Now we need a similar vision—an Apollo initiative for energy independence, mobilizing science and technology and investing in energy efficiency and alternative energy.

The benefits are immense. We can create jobs, capture growing global green energy markets, eliminate our dependence on Persian Gulf oil, reduce our trade deficit, improve our children’s health and end the catastrophic threat of global warming. It’s time to act.

THIS IS MUCH MORE IMPORTANT THAN SENDING A MAN TO THE MOON.

“Determination and perseverance will bring your goal to fruition” – never give-up