Status of the USA today?

living her in Philippines is ok if you have car,loan, or other materialistic things its ok everyday feels happy. but I am not determining Philippines because we discuss about USA. this is my own opinion i could say that the USA have a new president and some people trying to make to know the true capacity of their new President if he can response what happening their society and people. i could say that the USA can Up their economy its because the USA is the one of the most Powerful country.

I live in the US and yes the economy is having a hard time right now. This is my opinion on what is happening right now with the US, there are many others. Some people are suffering more than others but I not everyone. We had a time where banks were just handing out loans of money like free candy and a lot of people took that money knowing good and well that is the situation were different they would not be able to afford to pay for the loans and well things changed. Now those people can't pay back the loans and are losing the things they bought with them, houses, cars, other materialistic things. It is having a trickle down effect on our banking system and our entire infastruction as a result. It all comes down to greed and lack of regulations and supervision. It will work itself out but it will take time and many will suffer the effects of it whether they took out loans or not. Again this is strictly my opinion.