The state of the economy seems to be much more disappointing to citizens than in previous years according to studies in 2008. With gas prices over $4 a gallon, a mortgage crisis that has hit the financial stability of the United States, and an economic growth rate of only 1.6 percent it is no surprise many citizens are upset with the way things are going. With only two "official" depressions within the last twenty-five years our economy is actually in a better place than in previous years. There seems to be hope however, while our current recession has continued through 2009 and seems to be leveling off in 2010. There are a few strong things what we have going for our economy, energy being a particularly interesting strong point. Energy is the fundamental part of all society, from powering your car to go to the grocery store to powering the factory that manufactured your automobile. The last 20 years the United States has been fortunate with low energy costs. Oil may be rising but it is not just an American cost problem, oil is a global commodity traded on the world market, rising oil costs are not an American-only problem. Meaning that while people may categorize rising oil prices as an affect of the recession it is affecting every global market. One major problem that the United States faces in the coming years are age-old problems, the United States has tended to borrow more than it earns, and if we are to make a step in the right financial direction we must stop borrowing and start paying back our debts.
http://www.publicagenda.org/citizen/issueguides/economy/overview
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