American Economic Culture There Is Essay

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Meanwhile, the government's budget deficit has become so large that credit rating agencies have actually lowered the nation's credit ratings. The effect has caused concerns throughout the world that America's economy was in decline.

The overall policy of the United States is still geared toward growth but despite efforts by the government to stimulate the economy there has been little to indicate that economy is recovering. Unemployment remains high and the housing market remains stagnant. Addressing these concerns is of paramount importance in order to increase the ordinary families' spending power and to cut the consuming public's reliance of debt. Culturally, the United States needs to discover the qualities and work ethic that once made it great.

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Only then can some of its other economic problems be overcome and the road to recovery begun.

The problems facing the American economy are serious ones. The world has changed dramatically in the past several decades and there is some concern that U.S. has not adjusted adequately or properly to these changes. Globalization has altered the playing field and the U.S. must find a way to adjust. Only time will determine how successfully the U.S. has adjusted.

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