Where is the US economy headed?

Nice try, but your overused tactic of blaming Bush doen't work here either.
PrezBO has racked up more debt than all other previous presidents combined.

Study: Middle class poorer, earned less in 2000s
By Tim Mullaney, USA TODAY Updated 8/22/2012 3:48 PM

For the first time since at least World War II, middle-class families finished the first decade of the 21st century poorer and with lower incomes than they had 10 years earlier.
And 85% of those surveyed say that in the 2000s, it was harder than before to maintain a middle-class lifestyle, according to a study out Wednesday by the Pew Research Center's Social and Demographic Trends project.
Median household income dropped nearly $3,500 for a three-person middle-class household, to $69,487 a year, after adjusting for inflation, the Pew study said. The median household's net worth dropped 28% to $93,150. Incomes have dropped since 2000, while wealth rose modestly early in the decade before gains were wiped out by the recession that began in 2007 and the financial crisis sparked in 2008, said Paul Taylor, a Pew executive vice president.
"That the middle class always enjoys a rising standard of living is part of America's sense of itself, and it has always been true — until now," Taylor said in an interview, describing the 2000s as a "lost decade" for the middle class. "It's been 11 years since the peak in household incomes, and that covers the early part of the decade as well."
The middle class grew smaller, poorer and more pessimistic during the decade, Pew said after analyzing both its own polling data and a raft of government and private economic reports. The results show even a weakening of Americans' traditional faith that their children will be better off than their parents, Taylor said: 43% of respondents think their children will be richer than they are, down from 51% in 2008.
In 2011, just over half of the nation (51%) was defined as middle class, having annual incomes between $39,000 and $118,000 for a three-member household, said Pew. That's down from 61% in the early 1970s. All the financial figures in Pew's report are adjusted for inflation and calculated in 2011 dollars.

Druckenmiller: I See Storm Coming, Bigger Than 2008
http://www.bloomberg.com/video/druckenmiller-i-see-storm-coming-bigger-than-2008-Pu~cwiXcRle8XEcPKIbXJw.html

... we're still the strongest economy with a lower unemployment rate than the Euro countries.

The focus of attention here lately has been the price of gasoline at the pump and the pointing of fingers of blame.
Meanwhile the price of crude oil has been slipping. U.S. crude is about $91/bbl and could test the $90 price in the coming week or two. Brent is around $110. That's good, right? Double digit declines in 2013.
I try to be an optimist but that is tough right now. Economic events in China, Japan, Europe and the U.S. appear to not bode well.
I do note that this thread with the dreary title is closing in on its 8th anniversary!

The thought many have that big production of oil in the USA will lower prices is a scam. We will pay the world prices, and what we produce would not be enough in the world's inventory to really lower prices. We should nationalize as most countries have done.