Why the American Economy is in Trouble

With all the hoopla these days, it is very difficult to determine why our economy is tanking. Almost every news article, and certainly every political candidate, points the blame and tries to oversimplify the situation.

FactCheck.org, a wonderful web site which debunks the spin in presidential candidate statements and advertisements, has a great summary in its article, Who Caused the Economic Crisis? Just skim down to the section near the end titled, “The Real Deal.”