The Apocalypse Of Great America
Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
| Author: | Louis Asare | ISBN: | 9781370966226 |
| Publisher: | Louis Asare | Publication: | September 10, 2017 |
| Imprint: | Smashwords Edition | Language: | English |
| Author: | Louis Asare |
| ISBN: | 9781370966226 |
| Publisher: | Louis Asare |
| Publication: | September 10, 2017 |
| Imprint: | Smashwords Edition |
| Language: | English |
The American government spends billions and trillions of dollars annually to import goods and services. The important and striking information that touched my emotions is that over eighty five thousand companies have closed their manufacturing plants and moved their production to other parts of the world. About four million Americans who were employed in those companies are now jobless or unemployed and the effect is being seen in the national debt crisis plaguing the nation.
Over several decades, the United States of America has gotten to a point in history where the forces of growth have become weak over a long period of time. Since the post Second World War era, the economy has managed to overcome the economic stagnation and performed very well thereby saving the country from economic misfortunes.
Since those times, the country has barely managed to grow at all. The economy currently seems to have lost steam beginning from the early two thousand till date. The country has not actually been able to generate any significant growth that will enable central government to reduce the national debt. All of these figures and revelations are actually pointers telling the average American that the country is presently on a declining path. The declining economic condition will not be sustainable and will negatively impact the prosperity of America and its citizens.
Now, reports from the department of commerce reveals that many people are not confident in the economy and therefore they have become cautious about how to use cash. This declining trend is growing up in the country as more and more people keep their money. Now, this consumer sentiment has been plunging or sinking very fast and this is now a serious troubling sign for this consumer-driven economy.
A report recently published by the department of Commerce after they have survey several workers by comparing their wages came out with the conclusion that wages of American employees peeked more than thirty-five to forty years ago. This book will bring many hidden things to your notice and you will become conscious to the realities confronting the future of this country.
The American government spends billions and trillions of dollars annually to import goods and services. The important and striking information that touched my emotions is that over eighty five thousand companies have closed their manufacturing plants and moved their production to other parts of the world. About four million Americans who were employed in those companies are now jobless or unemployed and the effect is being seen in the national debt crisis plaguing the nation.
Over several decades, the United States of America has gotten to a point in history where the forces of growth have become weak over a long period of time. Since the post Second World War era, the economy has managed to overcome the economic stagnation and performed very well thereby saving the country from economic misfortunes.
Since those times, the country has barely managed to grow at all. The economy currently seems to have lost steam beginning from the early two thousand till date. The country has not actually been able to generate any significant growth that will enable central government to reduce the national debt. All of these figures and revelations are actually pointers telling the average American that the country is presently on a declining path. The declining economic condition will not be sustainable and will negatively impact the prosperity of America and its citizens.
Now, reports from the department of commerce reveals that many people are not confident in the economy and therefore they have become cautious about how to use cash. This declining trend is growing up in the country as more and more people keep their money. Now, this consumer sentiment has been plunging or sinking very fast and this is now a serious troubling sign for this consumer-driven economy.
A report recently published by the department of Commerce after they have survey several workers by comparing their wages came out with the conclusion that wages of American employees peeked more than thirty-five to forty years ago. This book will bring many hidden things to your notice and you will become conscious to the realities confronting the future of this country.
