It's not looking so good for the ol' US economy......

Continuing my research on the current situation of the U.S. economy is stumbled upon a couple more interesting articles on the recession.  The first one being, “It's official: Recession since Dec. '07” a piece by Chris Isidore a senior CNN money writer.  Throughout this article he is just stating the facts of why we are in a depression and how it’s officially a depression since 2007 declared by a group called The National Bureau of Economic Research (“The NBER is a private group of leading economists charged with dating the start and end of economic downturns”) http://money.cnn.com/2008/12/01/news/economy/recession/index.htm.  Their thinking to the main reason of the recession is the huge collapse of the housing market and other factors of how the Gross Domestic Product has been adequate enough to support the country.  This article along with the many other articles I have been reading and researching just made me realize how may problems the U.S.A. with its economy and how bad it really is. There are so many issues that go into it where would we even start to try and get onto the road of recovery for this nation from the wars to the foreclosures it seems like there is no solution or end in sight.  

                Through more research I did I discovered another article that revealed my fears about the economy even more.  The article was, “Jobs Increase Slightly But Unemployment Remains High” by Karl Rusnak. Through his article he shows that although 100,000+ jobs, within the last month, our unemployment rate is at 9.1% which is extremely high.  He states that since the unemployment rate is that high the jobs created within the last month don’t even matter because how high the unemployment rate it cancels it out pretty much.  All of these articles I have been reading are really just depressing because of the sad reality of what’s happening to us as a country.  Will there be any jobs in 10 years?  Is our country going to crumble like Spain is?  How much does this affect the world’s economy?  Is China the only one who seems to be a prosperous country?