Quote:
Originally Posted by spazlabz
Yes, the stimulus was a good thing even though it increased national debt, it supported the financial powers that be. Without them = total socio-economic collapse. However it failed on 2 major fronts and that is it has done nothing to improve the infrastructure which is in a serious state if degradation and it has completely failed to generate jobs on any level only, at best slowing the growth of unemployment. One of the problems, probably the biggest, with the American economy is that we have moved almost all manufacturing over seas.
Manufacturing was the largest producer of 'middle class' jobs that kept the economic engine running. Give people money to spend and they will spend it. With the money being moved outside of the US by US Corporations they work against a strong healthy US economy. The divide between those with great wealth and the poor becomes wider and wider. Couple that with the apathy rampant in US society and you have a country of people who see no way out, think there is no way out and they are powerless to act on their own behalf
it is not liberal or conservative, republican or democratic, it is ugly and as long as though those who speak out are called unpatriotic it is a slow cycle that America can't escape. I don't have a crystal ball but I feel that the United States 20 years from now would be unrecognizable to those of us alive today who witnessed the slow demise of the middle class since the 1980s
spaz
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True the stimulus plans helped - even though I think they didn't need to be so damn big... but spending in the time of a recession/depression has always pulled us out before, so I'm willing to wait and see if history repeats itself for about the 5th time.
Jobs are the very last thing to return, normally after a recession ends or right at the very end.
Manufacturing is over, it was dieing 30 years ago before they started to move out of the Country. Everything gets cheaper, other than what we pay Americans, pay for benefits, insurance, etc... something HAD to give.
We have more than enough jobs to replace these people, but they need to move and they aren't at $30-60 an hour with full benefits and retirement plans that are crazy. But young dumb and full of cum Americans blew it on bullshit and now have nothing.
The stimulus parts that focus on infrastructure is going to be a huge shot in the arm.. rebuilding America from the inside out, it's pretty much the strongest growth points in our history.. railroads, bridges, roads.. it's time for the next round.