Americas Economy Today Essay -- essays research papers

Americas Economy TodayWith all the bad publicity about the thriftiness nowadays anyone with coming to a TV, magazine, or newspaper should be some(a)what familiar with the current economic crisis here in America. It seems like the Dow Jones Industrial Index and the S&P 500 Index are dropping lower every day, not to mention the poor condition of tech stocks listed in Nasdaq. Heres some current stock marketplace figures that display the markets current deterioration The Nasdaq index lost 8 percent of its value, putting it nearly two thirds off its apex last year, the Dow Jones index closed below 10,000, ending its biggest one-week point drop in 11 years, the S&P 500 index is now subdue 25% from its peak last March. This marks the start of the first bear market in half a generation. The future certainly looks grim exclusively by looking at the major indexs performance, but that is not the only thing we have to worry about. Consumer spending fuels two thirds of the economy and consu mer confidence fuels consumer spending. So far this year, consumer confidence has been dropping drastically. People have still been spending at about an average rate, but as the market continues this downward spiral people will definitely begin to hold onto their money a little tighter. Everyone knows about the big tax cut George chaparral is promising us, but how much will it really help the economy? The Bush administrati...