Our legal and regulatory mess has been crying for reformation for 20 years. Our system of finance where investment dollars are created out of inflation rather than out of personal savings is on its last gasp of hot air and paper. We have put a fortune into Miami condos and shopping malls. We have 10 times the retail floor space per consumer of any country in the world. None of this is productive.
Health care costs are inflated by regulation, legal messes, a bizzare system of payment all of which has made a bureaucratic nightmare out of getting an aspirin.
It was ok when the world was willing to take our paper in exchange for commodities and manufactured product that we were unwilling to produce ourselves. That is at an end.
We have a finance system that skims money off the top of consumer transactions through credit card payments and interest payments that contributes nothing productive.
We have lot to work through and a lot of restructuring to move people from jobs that shouldn't be done to jobs that need to be done.
Just keep in mind that aspirin is really just a tea of willow bark, and you will make it.
Just damn!!!
and wouldn't our economy be so much better if we actually created our own goods?..had our own factories and had millions working in production rather than service?....instead of trying to make money off of flipping houses or shorting stocks or hedge funds or any number of investment gimmicks?..we wouldn't want to think about the millions of jobs lost in this country because of horrid and criminal and short sighted management and horrid and criminal and short sighted unionism or the plethora of silly enviromental laws or regulations that hamper our people...
"they" want us to spend our money to buy more goods because that is what "sucess" means in our country apparently.....well, they can forget that.....
we need jobs and industry....