The current state of the economy in the United States is a feeble one, unable to consistently keep its head above water. While the economy is not currently in a recession, we may eventually fall victim to the first recession we've had in nearly ten years. Making a prediction on what exactly will happen to the US economy in the future will be extremely difficult. While there is much debate, many economists do not agree on what will become of the economy. Some feel that we will begin a recession over the next year, while others feel that there is significant policy implementation that will allow us to dodge a recession and regain our economic strength. The means in which I will discuss the overall growth and current status of the economy is by analyzing the Gross Domestic Product (GDP), and discuss the factors that cause it to rise and fall. The GDP is the total unadjusted, aggregate income of the United States produced in one year. It is comprised of consumption (C), investment (I), government spending (G), and net exports (x-m), arranged in the following equation: GDP = C + I + G + (x-m). .
Consumption in the United States has been less than expected mainly due to low consumer confidence. Consumer confidence has hit a 10 year low with an index of 106.8 as reported by Alan Greenspan. In the past 2 months the index number has plummeted nearly 22 points, the biggest decrease since the 1990 -1991 recession. The reason for this recent drop in consumer confidence is due to several key factors. One factor is the poor performance of the stock market. The Dow Jones is down from its peak that was hit last year, but has now rebounded slightly. The NASDAQ took a dive with the decrease in the prices of tech stocks. The NASDAQ has fallen nearly 56% from its peak in March of 2000. The Wilshire 5000, which is a broader market, is also down by about 22%. Also a factor in dropping consumer confidence is the fear of more layoffs by major employers.
Recently there has been a controversy about the health comsumption of fish. Nutritionists have stated that in mostly large fish, there are dangerous levels of thyl-mercury, which is a poisen that can be DETRIMENTAL to one's health. Some nutritionists say fish are the best low-calorie meat product ...
" costing over $1 million per year, and it is not apparently reducing, much less elimination, the marijuana industry in Hawaii, nor is there any evidence to suggest it is reducing local comsumption," Price said. ...
The world would be a much better place if illicit drugs didn't exist, but they do, so we must deal with them. Our challenge is to do so in a way that will advance our national interest. Our failed war on drugs is doing just the opposite; America must respond to that reality with a basic change in a...