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Title: Will the Obama Depression Last at Least 10 More Years?
Source:
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URL Source: http://alfin2100.blogspot.com/2010/ ... pression-last-at-least-10.html
Published: Jul 16, 2010
Author: alfin
Post Date: 2010-07-16 10:54:23 by no gnu taxes
Keywords: None
Views: 1742
Comments: 8
"We don't have too many engines of growth functioning right now -- housing, consumer spending, exports are all sputtering. I have a hard time seeing where we can get 3% economic growth back." _CNN It's becoming obvious that instead of solving the economic problems he inherited, Obama is making everything worse. The risk of a double-dip recession is getting a lot of attention, but even that grim prediction could prove a little too optimistic. Disappointing job reports, weakness in housing and consumer spending and problems in world financial markets have raised concerns about the U.S. economy stalling out later this year. Now some economists are starting to talk about an even worse fate: a prolonged period of very weak growth, a so-called "lost decade." ...A lost decade, or something like it, could feel like a never-ending recession to many Americans, as the economy does not grow fast enough to recoup lost jobs, and investments like homes and stocks continue to lose value. _CNN When Obama Pelosi decided to declare war on America's middle class, it triggered a series of unreported collapses that severely reduced the chances of economic recovery. Part of this problem lies with the party’s base, which the urban historian Fred Siegel once labeled “the coalition of the overeducated and the undereducated.” Major urban centers like New York, Chicago and San Francisco might advertise themselves as enlightened, but they have lost much of their middle class and suffer the highest levels of income inequality. Representatives from these areas now dominate the party and reflect their bifurcated districts.,,,Not surprisingly, this agenda does little for the middle-class — mostly suburban — voters._NewGeography The middle class -- the backbone of America -- has been devastated by the radical social engineering, corruption, and political favouritism of the Chicago Way mob-style politics. It isn't really accurate to call what America is going through an "Obama Depression." It is more accurate to call it a nascent civil war. With every new legislative "overhaul" and "bailout" that passes under Obama Pelosi, the US moves closer to a national nuclear fission -- implosion-explosion. From a disastrously failed economic bailout, to an Obamacare which will reduce access to health care rather than improve it, to a banking reform bill which does everything except help to solve the problem, the Obama Pelosi agenda has enriched political insiders at the expense of the nation at large -- particularly the embattled middle class. If you take the recent Dodd-Frank "banking reform" bill, and look merely at its gender and racial quota provisions, the seeds for further economic devastation are apparent -- and the big payoff to Obama Pelosi supporters is painfully clear. Further perusal of the huge Dodd-Frank bill would no doubt find much more, and possibly much worse. But how long can a regime go on in this way, sucking the life out of a nation to enrich and placate its core support groups? How long before the nation buckles at the knees and falls on its face? It appears that Obama Pelosi intends to find out, by pushing its vampirish agenda upon the US all the way to the failure point.
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#2. To: no gnu taxes (#0)
Yes, and so will the bush, clinton, bush, reagan, carter, ford, nixon, Depression. And on after that as well. Until maybe 600 million remain 100 years from now. 1971, US peaks in oil production. 2005, World peaks in oil production.
#3. To: All (#2)
©©On the right, they deludedly imagine that rampant exploitation of this planet can continue forever as if there is no limit. So controls on fertility to prevent overpopulation is denied, thus the push to eliminate birth control systems such as abortion, and the desire to suck down endless oodles of oil leads to massive oil accidents like the one in the Gulf of Mexico and is at the root of denial about CO2 pollution…etc. The right wants to pretend we can exploit this planet the way we did in the past, forever. So they don’t want to stop, they want to use our military to continue doing this forever. . ©©There is no unity here. Most Americans want to live in the past. This is common to all empires and is why they have these strange bouts of repression and nostalgia which supposedly bring moral clarity back and restores the empire’s soul by aping the Puritanical roots of the launching of the empire. But this never works. Once we begin down the bumpy road to hell, it is hard to turn away from it.
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