What's the main reason apart from Mortgage thats causing US to go recession?

Bad credit and spending habits in general that often lead toward buying cheap foreign products and also toward over-working and decreased productivity per hour paid.

Instead of building up savings, starting new businesses and other economically productive activities, American people are often being dumb with money.
Doing things like buying large or expensive cars they can't afford or don't need, spending money on themselves and/or things like games and toys for children instead of those children's educations and perhaps their own. Getting scammed by dealers who use complex financial terms to get them into things like high interest credit cards.

America has a severe spending problem. And it's not just mortgages or gas. Gas is less than 50% of the ownership cost of a car...most people simply have more and more expensive cars than they need. Their overly-sized houses often also jack up utility costs for heating/cooling: many families spend $200+ per month on utilities I spent $30-$40 a month on utilities for my one bedroom condo, to give you an idea.

Top that off with an appetite for gas-guzzling SUVs and frequent air travel for vacations and it gets worse...but that's more a consumer choice than a problem with the price of gas.

When people buy more than they can afford, the get bad credit, don't start new businesses, spend time doing unhealthy extra-hours of work to make up for their bad spending, buy cheap lower-quality things (often foreign products that weaken the value of the dollar) that don't hold equity and have to be replaced quickly...it's an entire cycle that kills productivity.

Far as Bush's tax relief plan, my bet is about 70% of that money will go to foreign goods like the "made in China" products found at places like Wal-Mart. Not good for American industry...

Inflation due to the price of oil, the amount of debt that regular consumers are carrying and the amount of debt the US has with foreign nations.

Bear in mind that inflation is happening all over the world due to high oil prices (the latest news is how expensive food has become). The difference is that most other nations don't have so much foreign debt and their currency is stronger, so they can afford to raise interest rates to control inflation. Raising interest rates in America will also control inflation, but it will slow the economy down even more. Couple this with the coming tax increases and Green initiatives that will be imposed on industry and you have a lot of contributors.

Inflation , oil prices, money defecit,etc, etc, etc. Lying Politician, and so on, and so on, and so on

George W Bush. The war. Gas prices, which drive up everything else. OBAMA in 08!!!! Vote for change!

because the leaders of this country are letting corporations to move overseas,and give them tax breaks while doing it,unemployment is at an all time high. If you don't have a job you can't spend money,pay your mortgage,or any other bills

1) Housing bubble
2) Loss of decent paying jobs overseas
3) Severe drop in the value of the dollar

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