Wednesday, February 25, 2009

What is happening to the U.S economy?

President Obama this week has presented to the American public his idea of how we are going to get out of this mess and has brought the government together to talk about how they need to take responsibility in this time of uncertainty. The tone that Obama has taken until now has been pessimistic, at best, but as of yesterday had a surprisingly renewed optimism about the ability of the United States to overcome this hurdle in history. As a result to the treasury coming up with a "stress test" for the banks the stock market railed yesterday but fell today due to a lot of uncertainty in the length of the recession. It's scary not knowing what is going to happen and it seems that even the "experts" don't know either. Only time will tell if we will recover to the greatness that we have enjoyed in the past and if the words of Obama "We will rebuild, we will recover and the United States of America will emerge stronger than before." To find out information check out this link. http://money.cnn.com/2009/02/25/markets/markets_newyork/index.htm?postversion=2009022518