Reply #8: World wide economic declines of record post war proportions.

[grantcart]

Several countries economic systems have collapsed completely, see Finland and Greece for an example.

This has caused the same kind of liquidity freeze in capital loans that the US experienced in 08-09.

Huge decline in world wide consumer spending has affecting the higher end US exports.


The real question is "Given the worldwide economic situation how is the US faring versus the rest of the world?"


The answer is under Bush the US suffered a much greater hit than other countries and under Obama the US has shown a stronger rebound than other countries.