Why is the economy so bad?

Task: Write a blog explaining several reasons why the US economy is in such bad shape right now.

There are a lot of factors contributing to the condition of our economy right now. The unemployment rate rose from 5 to 5.5 percent in May and the economy lost 49,000 jobs according to the New York Times. The astonishing rise in the price of oil affects our economy's condition too. A lot of people are struggling to pay all of their bills because of job losses and cannot even afford to buy their basic needs. Prices keep going up and there is a recession in our country right now.