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Originally Posted by EarnedStripes44
Comrade, you left the "this article needs additional citations for verification" notice out of your arts and craft project.
But I get it; we took the happy ending of the 1990's for granted. the "happy ending" of the 1990's was also a bubble if you recall, And for 10 years, something spoiled in our brand of capitalism.yes and that was government/congress (maybe you missed Greenspan's testimony the other day) inserting it fingers into the banking system and forcing banks to make loans that should never have been made and the culture that it created which began long before the 10 years that you refer to But we held our noses. some did Our - not left or right - state of economic affairs your opinion shows that even a sophisticated country with studied leadership if you voted for Obama, studied leadership??? can stumble badly. This is essentially what occurred in Japan no, no, no...Japan's "lost decade" resulted from massive government spending to try to fuel their economy, we are only just entering that phase long before we got wind of the stench of our own rotting economic core. The current growth is just simply too intentionally slow to reduce unemployment. To borrow from Paul Krugman, we may be in the midst of a "growth recession." we are in the midst of " the remaking of America"
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Comrade...you paint a picture of what you think has and is happening but it has no basis in fact....this economy is in ruins under the weight of massive debt that has and continues to be piled on in the form of liberal social programs, entitlements, benefits and promises....from RI -9.5 BILLION in unfunded obligations to public sector employees...to California 550 BILLION (that's half a TRILLION) in unfunded obligations to same and everywhere in between....now healthcare who's actual cost has been tinkerd and lied about to make it palatable to the sleazy politicians who voted for it...next phase is to find new ways to suck the life out of every American who works and participates in this failing economy....the folks running the country currently are vampires and they have their teeth in our necks, there can't be growth with massive debt ever increasing, rising taxation and new regulation....and we're told to expect high unemployment for a long...long time....but keep rooting along with the heterodox economists and futurists that the "jobless recovery" will bring Utopia and leisure and volunteerism and a Post-Scarcity Economy
what you need to decide is whether you prefer to be responsible for your own success in a free market economy or...whether you want to make the government responsible for guaranteeing your "happy ending"
oh, almost forgot...the Bush tax cuts are set to expire as well...that should help spur job slow growth