well I skipped a lot of what was being said... but the biggest problem is we're in a recession, and it's not showing signs of improvement so call it a depression... I'm definitly not an expert but what I'm hearing that is causing this is our increased fear of spending our money.
By not spending money, companies aren't making money (profits) and in turn cutting back employees (no money to spend on employees) so that leaves people now with less money/unemployed... It's not like if I go out tomorrow and spend all my money that the recession will end but most of it is about us being to cheap and tight with our money... and that's a natural reaction to a recession.
I don't even know where to begin on the problems that George Bush was a part of or caused... It sucks that he wasn't a good president but add that to the fact that he became president in one of the worst (in my opinion) times for the US and you got problems.
Our country is also falling victim to these oil companies and the oil companies are strategically raising their prices at high rates but not too high at one time to make us find alternative options. They are brilliant in finding a way to squeeze every last dollar out of our pockets with not making it look too bad. Small increases every week, and week by week it only looks like "oh well, I only have to pay a few cents extra this week compared to last week", but eventually it adds up and we're now paying way too much and accepting it.
These are just 3 things that we hear a lot about around here causing this recession (and I think this is our biggest sign of weakness) which in turns causes many problems in the country and is making the US look much weaker but I still feel confident that this won't last more than a few years (which seems long but will be ok when the US is back to where it was).