Originally Posted by urluckyday
Look at the rest of the world...does their economy look like its in good shape? No.
Actually, the US happens to be right in the centre of the recession storm that's brewing over the world. And while impacted, China and India haven't suffered nearly as much as most other nations and they still maintain high GDPs. At least, I can say that we don't have any recession fear-mongering over here.
But China and India alone represent a significant fraction of the world's population by themselves, so yeah, they're kind of a in a good shape.
As for whether this recession is the end of America: I don't quite think so. Besides, how does a country fall from just a devastated economy praytell? The only two best examples I can see would be the British Empire losing its colonies and the USSR dissolving into different sovereign nations. America would have to give up Iraq and Afghanistan like hot cakes, if anything. The US mainland is far too well integrated to just dissolve.
Now on the other hand, if America cuts of Alaska, they'd have a lot to gain with no Sarah Palin.