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IMHO.
The problem is not who is president or running the House. It is jobs. Every reccession that we have ever had has been lifted up by an uptick in manufacturing, followed by a increase in housing demand. Since we have sent millions of jobs overseas to China and India and whereever the hell else they wen,t there are very little of what I call general labor jobs out there. These are the jobs for the high school grad or drop-out that paid well and got them into the housing mkt. So no jobs for them, no demand for real estate, no demand for all the other serives. This is the first time I remember a reverse trickle down theory. The problem is trickling up.
I work and live in the Attleboros, when I moved here from Texas on 1995 the were 10"s of thousands of blue collar folks making a living in the metal and jewelry business over the last 15 years those jobs have left, Balfour gone, TI gone, Hasbro gone. Downtown is a wasteland and the unemployment rates are in the double digits. Wealth in the US is becomming concentrated at the very top levels.
The world had become a mkt village. As a manufacturer you can build in China and ship to the best mkt, then have the cash delivered to the country with the losest corporate tax rate. The only role that US has is banking and research and China is starting to challange us on the research end of things.
I am pretty sure we are screwed at this point regardless of what happens. We did it to ourselves, kept reelecting vote for sale government leaders. Lobbyists running the show in DC. I don't have an answer, but I really don't belive in the government or the US anymore.
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