20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover

The Business Insider ^ | 2-4-2010 | Michael The Patriot Blogger

[ichabod1]

Oh my god, so what your saying is, these bubbles happened because there were too many paper dollars chasing too few real assets because there weren’t enough real assets to spend them on? That’s the way it’s felt the last ten years or so.

[ichabod1]

Yeah, I wouldn’t bet on the timing of it, but it’s sure to come. So, why am I not buyng gold?

[mojitojoe]

BTTT

[EternalVigilance]

Or maybe God is cursing our finances and saddling us with Marxist “leaders” because we keep slaughtering thousands of defenseless little children every day.

[Travis McGee]

"There is no means of avoiding the final collapse of a boom brought about by credit expansion.

"The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

~~Ludwig Von Mises

Idiot politicians, only worried about buying votes for their next re-election, ALWAYS choose option two by default. ALWAYS.

[Travis McGee]

If it were only that simple. I really wish it were.

[ichabod1]

So he saddles us with leaders who will make sure nothing interferes with the slaughter?

[Pollster1]

I actually think it is that simple. The pent up demand that will be released once we replace the socialist will produce a positive jump in the economy. Add in responsible government, and we should have quite a growth period. The main problem is the national debt. As bad as that will be, cutting government down to an affordable level should allow us to recover and pay off the bills from Obama/Pelosi’s spending spree.

[philetus]

With drastic cuts in federal spending, and with tax reform, the US economy could be back in strong shape in short order.”

You’re leaving out Obama is in office and how we got to this point.
The Dems didn’t do this by themselves.

[Lurker]

Money is just one more good among others.

Insert rueful chuckle here. You couldn't possibly be more wrong. Just because a thing can be treated as if it were another thing doesn't make it that other thing.

Now, naturally congress cannot fully bind its successors.

Congress can not bind any of its successor Congresses at all. What one Congress giveth, another can take away.

[sickoflibs]

RE :”Idiot politicians, only worried about buying votes for their next re-election, ALWAYS choose option two by default. ALWAYS.”

That was my wakeup call in late 2008 with Schiff. Both parties are just telling us what the focus group/poll says to tell us, and running the country in a way to get past that next re-election, no further. (in the case of president that is only one reelection.) Each side says the other is evil, stupid, etc. But both have contempt for the truth that comes from the Austrians, both tell us their Santa is the real one, and the others is the Grinch.

The real problem is deciding if its going to be deflation or inflation.

[dennisw]

If it were only that simple. I really wish it were.

What we have is an insoluble problem no matter if 0bama or McCain is president
This economy is way out of wack. It is a structural problem. All was predicted in "The Reckoning" that you have read
There is simply not enough real useful work to go around so we invent all kinds of crap work such as done on Wall Street and all levels of governments. We invent all kinds of social work jobs in medicine and universities. We invent millions of jobs where people are ministering to others in charity jobs all trying to delay the inevitable for the last 20 years. We flipped houses, concocted mortgages, let Wall Street run wild with derivatives. All this to gin up a fake prosperity

Lack of real work is due to automation, computerization and cheap imports. My main question is who are the producers in America who produce goods and services that are actually necessary? Not bubble type services that are indulgences as plastic surgery.

[ding_dong_daddy_from_dumas]

US Remains World’s Leading Manufacturer

But if you look closely, how much of a John Deere tractor's parts are manufactured here?

How much of the US industrial output does the US government, and other governments getting US aid, buy?

[Travis McGee]

It might buy us time and give us a breathing spell, but our future entitlement payments are simply NOT repayable in the real world.

[Travis McGee]

I think we’ll see deflation and then inflation. They are the two sides of the same debased coin. Like an out of control vehicle oversteering for one side of the highway, then overcorrecting for the other. When the vehicle finally flips and rolls and crashes off the mountain, it won’t matter if it was the side of deflation or hyperinflation.

[Travis McGee]

You got it. A hard road ahead, no matter who occupies the Casa Blanca.

[dennisw]

I went to your link plus how about maing MM candies. Is that manufacturing? Toddster says it is included in our manufacturing statistics. We have a huge processed food industry such as making fish sticks and frozen pizzas. This is manufacturing?

[okie01]

We have a huge processed food industry such as making fish sticks and frozen pizzas. This is manufacturing?

Pray tell, what else would you call it?

Literally, manufacturing means "making stuff".

Frozen pizzas and structural steel use different raw materials and are sold to different markets. But both are manufacturing.

[ding_dong_daddy_from_dumas]

Gotta read the fine print very carefully for govt. propaganda, er, statistics.

[ex-Texan]

Here is another encouraging sign:

State and Local Governments Are Dead Bankrupt

Notice the great photo of the California Governor -- LOL, LOL !