A Precarious Economy

[Burning Giraffe]

For those who have not been paying too close attention to the United States Economy, we are entering a precarious time. Nearly all our economic indicators are down. We're facing a second round of mass-foreclosures, increased unemployment, debt crises, and a second recession. The Stock Market is crashing because investment is waning and productivity, which is the most important indicated of future economic growth, is down.

Productivity Growth has been decreasing since the 4th quarter in 2009.

This is a very bad signal to investors. It is important for Americans to understand that economies require several key factors in order to grow. They need low levels of debt, both at the federal level and for American Consumers. They need high levels of investment. They need consistent increases in economic productivity. They need low inflation. There must also be an absence of federal and state discouragement.

Our economic engine is weak and it isn't getting any help from Federal or State Government, as they try desperately to continue their standard of spending while businesses and American Families cut back. I just want people to keep this in mind as we move forward. By the end of the summer we could be at 2 percent productivity growth and well on our way toward a second recession, largely due to unfavorable conditions being created by local, state, and federal government and bureaucracy.

 

[ricksfolly]

For those who have not been paying too close attention to the United States Economy, we are entering a precarious time. Nearly all our economic indicators are down. We're facing a second round of mass-foreclosures, increased unemployment, debt crises, and a second recession.

Yes, and we all can thank our lucky stars for the stimulus package, social security and pension checks. Without them, millions more would lose their jobs and homes.

ricksfolly

 

[Deuce]

Yes, and we all can thank our lucky stars for the stimulus package, social security and pension checks. Without them, millions more would lose their jobs and homes.

ricksfolly

I can't tell if you're being ironic but it's more or less true. *kicks his sarcasm detector*

 

[lizzie]

Yes, and we all can thank our lucky stars for the stimulus package, social security and pension checks. Without them, millions more would lose their jobs and homes.

All brought to you by the American taxpayer. If the economy continues it downward trend, there aren't going to be enough non-government employee taxpayers to fund your social security, pensions checks, and the stimulus package.

 

[Burning Giraffe]

Yes, and we all can thank our lucky stars for the stimulus package, social security and pension checks. Without them, millions more would lose their jobs and homes.

ricksfolly

All that will happen anyway. The federal government blew its load on the first stimulus package. Now what will they do? State Governments are having to make deep, painful cuts. State employees are going to be pretty pissed off when they lose their cushy, low-expectation, government jobs. They might have to get a job in the private sector and be forced to work in a performance-based industry. Then what? How will they survive?

The Recession took a pretty big bite out of the private sector. That was round one. Now it is about to take a sizeable bite out of the public sector. I understand the Congress wanting to delay both from happening at the same time, but damn... having to spend a trillion dollars to prevent the inevitable for 13 or 14 months? Really?

 

[ricksfolly]

All that will happen anyway. The federal government blew its load on the first stimulus package.

Last time I checked, there was still 2/3 left. They probably won't spend the rest until 3 months before the election. Head lines that say unemployment rate drops to 7 percent, the lowest in three years, will get dem Dems a lot of votes.

ricksfolly