Americas Economy Today Essay -- essays research papers

Americas Economy TodayWith all the unfavorable publicity about the economy nowadays anyone with access to a TV, magazine, or newspaper should be any(prenominal)what familiar with the current economic crisis here in America. It seems like the Dow Jones Industrial Index and the S&P vitamin D Index are dropping lower every day, not to come to the poor condition of tech stocks listed in Nasdaq. Heres some current stock market figures that display the markets current deterioration The Nasdaq indicator lost 8 percent of its value, putting it nearly two thirds forward its peak last year, the Dow Jones index number closed below 10,000, ending its biggest one-week bakshish drop in 11 years, the S&P 500 index is now down 25% from its peak last March. This marks the get rolling of the first bear market in half a generation. The early certainly looks grim just by looking at the major indexs performance, but that is not the only thing we buzz off to worry about. Consumer spending fu els two thirds of the economy and consumer 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 whorl people will definitely begin to hold onto their money a little tighter. Everyone knows about the big tax cut George scrubbing is bright us, but how much will it really help the economy? The Bush administrati...