What can you say to the financial crisis in the US today?

is it worth living and working in US this present? What do u think will happen about the ecnomic problem, and the solution that the government did to help the rich and the famous in their money problem...What can you say to the financial crisis in the US today?The financial crisis in the US could be accepted as nonchalantly as a "correction". To a high percentage of home owners who pay mortgage at a fixed interest rate that they could afford, the sub-prime loan crunch didn't damage them. These home owners with secure employments make the backbone of the US economy.



With costs going up and sales/consumptions down, people are now less confident in ballooning their personal debt, and more content to live within their means. That may be the opposite of consumerism, but it certainly promotes a healthier capitalism.



My biggest gripe is the association made by the corporations and accepted by the main street, that loss in profit has come to equal loss of jobs. The system has been set up so the top management benefits most when the whole entity does well collectively. NOT VICE VERSA - in fact, the top management still benifits most when the entity sees market correction. The entity as the whole may not even see the trickle-down effect when the gettin' is good. The work force, the Joe Schmoe at the entry level, do not get to share the joy of company's success, for the most part, yet would be the first one to let go when numbers go south.



One could say this is the nature of a free economy, where social contracts are freely, mutually accepted and thus employer/employee relationships are formed, and investors/gains are distributed. With free market economy as the best choice, the solution then lies within this approach, in terms of safeguarding. Thus it points to regulations and limitations.



Now we will have to broaden our discussion further, to the point of introducing and accepting these regulations/limitations. The general public would have to agree that these clauses when designed correctly (that's a big disclaimer, isn't it) could be agreed upon and do not go against the spirit and practice of free market economy. Now we are talking about the intelligent/knowledgable decisions at the voting booth, which roots in a great public education..



So how does one dodge this so-called "U.S. Problem" and live elsewhere without its "Elsewhere Problem"? I don't see an escape. As a matter of fact, from what I could see, the U.S. is still the best place for one having the drive enough to achieve success, without the direct help from the government, except that the government for the most part provides a very secure and stable society, especially compared to most elsewhere.What can you say to the financial crisis in the US today?There are problems all over the world. When I got up this morning, I read about it in the European newspapers before breakfast. They are also having problems in Canada, Mexico, and most every country I can think of.



Our government and the governments of the major economic powers are trying to avoid the problems that occurred with our Great Depression. We are in a major economic "shake out" and only the strong survive.



Hey, at least oil prices are coming down.What can you say to the financial crisis in the US today?I've written over 2300 posts on this question.



The US is in better economic share than the rest of the world, which doesn't sound too good, but this is due to the size of the US economy in comparison to the global economies.