decline+of+our+nation+id

=The Decline of Our Nation=

These last ten years have had some good times, but its seen many years of global downfall as well, The crash of the stock market, Unemployment, we've seen many good hard working citizens lose their jobs, business owners go out of work, prices for oil sky rocket to record highs, The recession.

In the late 2000's america has experienced a recession that some speculate to be almost as bad as the great depression of the early 30's This global recession has been taking place in an economic environment characterized by various imbalances and was sparked by the outbreak of the financial crisis of 2007-2010, The financial crisis was linked to reckless lending practices by financial institutions encouraged by the government and the growing trend of secuitzation of real estate mortgages in the U.S. The unstable financial situation was made more difficult by a sharp increase in oil and food prices. The emergence of sub prime loan losses in 2007 began the crisis and exposed other risky loans and over-inflated asset prices.

All this has resulted in a sharp drop in International Trade, rising unemployment, and slumping commodity prices. In December 2008, the National Bureau of Economic Research (NBER) declared that the United States had been in recession since December 2007, some say that we have been out of it though since june of 2009, others say that we will not come out of it until 2011 and that it has and or will be the worst recession since the 1930's