talk about “claptrap!” LOL
and just what economy are you living in that is “growing”
trade deficits, increasing unemployment, lower wages, HUGE personal foreclosures & government deficit spending...and the feds are having to bail out your “growing economy”...
you might want to do a little research before you “break wind.”
So a recession, a short-term phenomenon, negates long-term growth? No, it doesn’t. And our current recession is due to a crisis in the financial sector, not the manufacturing sector. Somehow we got out of recessions in the past, in spite of outsourcing. And do not bring up the current troubles of “the Big Three” as an argument, because their troubles are related to unionization, and the enormous pensions and benefits they must pay to retired workers because of it.
Non-unionized car factories in right-to-work states are doing much better.
People are just using this recession as an excuse to blame whatever they don’t like. Imagined deregulation, lenders, borrowers, foreign countries, etc.