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Old 05-10-2010, 02:35 PM   #19
RedRide
 
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Drives: '09 Yaris carmine red 2d HB
Join Date: Jun 2009
Location: Middletown, NY
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Quote:
Originally Posted by STC View Post
Usually there is economic recession in the first two quarters after a new presidency, then a strong rebound. But, with all that has been going down since 2007-08, it is having its repercussions now. Mind you, also what we have been doing presently...

One could say we are in a mild depression? I think various markets will rebound, including the automobile industry, but not to the point of full recovery. Systemically, we will still see laging sales in the car markets. Nothing strong like we saw in past years. More likely will be dealing in a zombie economy for the next decade? IMHO
I agree for the most part.

The main problem is in years past when there was a recession, after a while, people started to buy things again and this expanded the number of jobs avalible.

However now, most of our maufactuing jobs are outsourced so even though retail sale are now substantially higher than they were a few months ago, it is other conties who are benefitting from this.

I think it speaks volums that our elected representitives are not even talking about this.

It has been often said that after WWII the US made about 90% of the worlds products. However now, we make only about 10% of our own products.
How can an industrialized country survive when there is very littlte industry?

The industrial base that largely won WWII has been given away by corporate greed!
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