Don't let the local economy be an indicator of the national situation. Tennessee has fared much better than other places in the country and traditionally is not quite as susceptible to the pain of massive fluctations. That is not to say we have not been affected because we have, just not on the same scale as other areas.
That being said, with 16 TRILLION dollars of federal debt that grows exponentially every day, our crumbling infrastructure that is econonically infeasible to repair, overwhelming reliance on other countries and their fragile economies for needed resources, an increasingly overwhelming number of people who do not want nor have the wherewithal to work and contribute to society, no selfless, intelligent leaders to speak of, etc, etc, etc.
Yes, we are screwed.