Free write The economy

The economy is headed towards recession however it is not techincally in recession yet. As we are becoming more worse off the economy is still continuing to grow at around two percent a year and are GDP. However, the uneployment rate continues to rise and the mortgage system is in shambles. So my point is we are worse off then we were say last year, but in no way are we in as much trouble as we all may think. Recession is a natural part of the economy and throughout history they have become shorter.
Mortgages are failing for many reasons but people can't pay there loans. When mortgage companies seize people houses it becomes a liability of the bank. Banks are not in the realty business so there trying to get rid of the house as soon as possible, so must likely that means taking a loss.
It seems as if oil alone is the reason for inflation. Pretty much oil costs effect every other costs. When you have a large rise in price of oil you are also going to get a modest increase in transportation cost. Being that most things are transported most products prices will go up gradually becauses don't want to forgoe maximizing profits.
The over goal is to improve the economy as a whole, its that politicans have different views and ideas on how to make that possible.