Sunday, October 05, 2008

POLS 365 10/05- 1

The state of the US economy has been rather disturbing to me. The largest drop in the stock market in one single day happened this past week. Suddenly, I was quite alarmed and paying attention to every detail about our economy and the stock market. People are afraid of another depression. I find that it will be impossible for this country to turn back to what it once was in the 1930's because the US is now part of the world economy. Whatever happens in the US economy will heavily affect the rest of the world. China is the nations leading exporter and if the US doesn't have the money to purchase these exports, then the entire world will feel the problems of our economy. This simply scares me.

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