Why Is the Economy Failing?

I want to start off by saying that I'm sorry I haven't posted in a few days. Been busy. I'll try to keep it at least one post a day.

Does anybody know exactly why the economy is falling apart at the seams? The long answer is that everybody has a different theory. Every news station will tell you something different. Every politician will spread the blame around. Obama blames the car companies, car companies blame consumers, consumers don't know who to blame. The short answer is no. Nobody knows what the hell is actually happening. Theories will fly, blame will spread, and our leader will continue to be on late-night television.

I have a theory. It all has to do with the snowball effect - a snowball rolling down a snowy hill will continue to gain size and speed as it goes. The problem started with the insanely high price of oil (and in turn, gasoline) a few years back. People simply couldn't afford to drive and the auto-makers suffered. The auto industry is a critical part of the American economy. When it suffers, everything suffers. You now see that the snowball is growing larger. Millions of hard-working people lost their jobs in the failing economy and millions of others struggled just to keep their wallets afloat and their families fed. The snowball keeps rolling and picks up all aspects of American consumerism in the process. Alas, we have a recession.

People now are asking what can be done to bring our wounded economy back to its former glory. First, we end the costly war in the Middle-East that's slowly draining our cash and our lives. Secondly, bailouts that my children will end up paying for must stop. If AIG gets one and Chrysler gets one, why can't the closed-down corner store up my street (a victim of the recession) get one? Our president can't pick and choose. It's all or nothing. Thirdly, the American people need to stop buying things that they can't afford. It only hurts everybody else to buy a $300,000 house when you only have $50,000 to spend.

Then again, what do I know.... or anyone for that matter?

So there you have it. Our economy is taking a nose-dive because of war, wasteful spending, and a killer snowball.