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Suzykeu -> RE: When was the historical transition? (3/8/2008 7:57:11 PM)
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The United States of America has over 300,000,000 people (3rd largest in the world), the 3rd largest land area, the largest GDP of any nation, enough ICBMs to destroy life as we know it repeatedly, and we're still desirable enough to live in that over 10 million people have decided to come into our country illegally. Even Rome, which was in a much worse position than we can possibly be in for the forseeable future took several hundred years to fall.
That being said we do have some economic problems which are slightly troubling. A rise in gas prices is annoying, but they are still low enough that the fine people in the United Kingdom don't really understand why we're complaining. Unemployment is hovering around 4.8% which is slightly higher than we'd like for our ideal Full Employment (about 4.25%). The major concerns are the banking industry which has been suffering from a rather major misfortune, a dying industry spurred on by our antiquated factories that don't have a high enough efficciency rating to make up for higher wages, an automobile industry that has yet to find a half decent business model (Hint: Steal Someone Else's), an energy shortage with no new sources for the next 20 years (If we get started on nuclear reactors now), and a farming issue resulting in higher food prices (Good for farmers, bad for non farmers).
Fortunately, so long as the voters can keep their heads about them and not dive off into extremisim (anti-NAFTA) these problems will mostly work themselves out with moderate attention. And if they don't and America does head into another great depression, we'd be taking China (who doesn't own much of our debt but has a lot of our currency) and the European Union (Major trading partner of the US and China) down with us.
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