Today a lot of politicians are worried about the negative tendencies in the US economy which have already created a lot of problems both for the government and just common people because thousands of people lost their jobs because companies which they were working in become bankrupts. In fact Tony O’Connor admits that the rates of official unemployment have a tendency to grow now because of the problems in the US economy. This continues to happen even after financial support of the US government which provides huge financial resources for companies and banks which face bankruptcy. But not every company is ready to start some changes. As Tony O’Connor thinks they are not ready to work in these conditions and change their marketing strategy. That is why they will not be able to survive during the world financial crisis which produced negative influence of all sectors of economy.
A lot of Governors pay special attention to the development of US economy today because it is the key element of the development of every company. In fact problems in the world economy started because of the wrong financial policy of the US financial institution.
This happened mainly because most of the banks had access to huge financial resources which they provided for companies and common citizens who got these money as loan. For example, pay day bad credit loans were extremely popular before the world financial crisis. But in fact a lot of people overestimated their own financial situation or even were not prepared to return large sums of money so soon. Also Tony O’Connor admits that fact that a lot of financial estimated tried to get huge profits and provided financial support for everyone not paying so much attention to the rate of income and property that such people had. That was probably the main thing which lead to the financial crisis.