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NO WE ARE NOT!!
its in peoples head!! seriously why did this "crisis" hit us? hmm thank you media and freakin news for filling everyone head full of crap!
You should learn something about economics.
Forget what the media says; in a free market, business handles it's own. Oh wait, Americans trashed their free market. Ok, nevermind, media...lead the way.
Though seriously, America HAS been in a recession for years, that's more or less been lying dormant.
Income tax, IRS in general and the federal banking reserve has plagued the economy for decades. Now, when it starts to really show, people want to act like it's no big deal.
It wouldn't be surprising that they are the same people, or of the same mindset, as those who used to think it was no big deal years ago either.
@Btarunr
What you must understand, is that America especially, is built upon SOUND economic policies, and the protection of those policies. The regulations in place are for that purpose.
What you have today is something completely different.
The purpose of point fingers and blaming, as much as it seems to only fuel the fire, is that truth must be spoken, and more importantly, it needs to be heard, and you cannot separate the politics or the political figures/parties from the equation, because they are the variables that have influenced the problems being faced today. You must have some sense of continuity, otherwise, if noone is accountable, then who will stop them the next time?