Our economy is in trouble, starting with taxes. It cost more to buy food, clothing, and especially gas for cars. I think that the elected officials will raise taxes even more to make money for the government. Small businesses will probably have a hard time staying open because of the higher taxes. As we talked about that in class, if some one hears that one business is going to change to a different material supplier they will pull out their stock if they do not like that place. After that more people will find out and pull their stock out then the business goes way under.
Prices on everything will go up. People will not be able to continue to buy the things they are used to. Everyone will stay home and stop going places. As well as stop spending money. When people stay home and stop spending money, the businesses they go to will close. Those businesses will have to let their employees go. Then the employees without jobs will not be able to keep their homes. The bank will take their homes back and own a bunch of homes that are not worth what the people owe on them.
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