The "Clinton levels".... of what?Easily. If you're asking if we'll ever make it back to Clinton levels...
Yeah, really - of what?
We'll have surges of income like we did when Clinton was in office - we'll also have presidents who only gain poll-traction when they toot their horn on a TV show geared towards their minority constituents.
This isn't a business cycle. They destroyed the housing sector by manipulating demand. They sent manufacturing jobs overseas. We are dependant on other countries for our energy. We are buried in debt. It will be decades before we recover, if we ever do. The best times most likely are behind us.Easily. If you're asking if we'll ever make it back to Clinton levels, I'm not sure. But quit painting this a doomsday scenario. Business cycles do exist, you know...unless you're one of those Marxists.
Environmentally - As long as we don't see any sudden changes (i.e. total environmental collapse, followed or preceded by abrupt climate change), we'll be fine. We'll eventually transition to solar power instead of fossil fuels, and we'll have geoengineering techniques at our disposal to clean up existing damage. In fact, I would argue that we've ALREADY started to recover environmentally. We reached our low point decades ago, but environmental laws have ended some of the most egregious abuses.Pretty self explanatory? Do you think we will ever be able to recover environmentally, politically, and economically? I honestly dont.
I'm not so sure. The current group of Americans is soft and fat compared to the 1920's. People back then knew how to feed themselves. The vast majority today have very little or no survival skills. People in Africa and Haiti are much more suited to taking care of their own basic needs than Americans today.Forget economically. We've been through the Great Depression and could easily handle that again.
This recession is different. We have no more bubbles to pull us out of it and adding to our debt can go only so far.Economically - Yeah, we'll recover. Recessions never have lasted forever, and I see no reason to expect this one to be any different. Technically, our economy has been booming for a year now...it just doesn't feel like it because we endured such a collapse the previous year, and unemployment continued to rise until about six months ago.
What do you mean no more bubbles to pull us out of it? There are always economic bubbles in the US economy. But what does that have to do with actual economic growth?This recession is different. We have no more bubbles to pull us out of it and adding to our debt can go only so far.
The tech bubble pulled us out of the recession of the 80s. The housing bubble pulled us out of the recession of the late 90s caused by the bursting of the tech bubble. It was all fueled by debt. There are no more bubbles and we have not felt the worst of the last one yet.What do you mean no more bubbles to pull us out of it? There are always economic bubbles in the US economy. But what does that have to do with actual economic growth?
As for adding to our debt...the amount of a stimulus necessary to boost our economy would be a small fraction of our GDP. Even an extremely large stimulus would only increase our debt-to-GDP ratio by 10% or so.
The dems have spent 70+ years creating, expanding and subsidizing a permanent class of parasites and dependents. They now are breeding at much higher rates than those of us who don't start having children until we complete our educations and establish ourselves in the work place. Too many fleas and not enough dogsPretty self explanatory? Do you think we will ever be able to recover environmentally, politically, and economically? I honestly dont.
Do you really think the next generation is going to be any better? I mean, the owners of industry are just going to hand off their power to their kids.Once the Baby Boomers all "go away", it's all gravy.
You seem to be under the impression that busts are the natural state of affairs, and booms are just illusions. This is not correct. They are both just deviations from the average, which is a modest increase in economic growth over time.The tech bubble pulled us out of the recession of the 80s. The housing bubble pulled us out of the recession of the late 90s caused by the bursting of the tech bubble. It was all fueled by debt. There are no more bubbles and we have not felt the worst of the last one yet.
Hah! Now THAT's a good one.:mrgreen:Once the Baby Boomers all "go away", it's all gravy.
We would all be thinner and more active.I'm not so sure. The current group of Americans is soft and fat compared to the 1920's. People back then knew how to feed themselves. The vast majority today have very little or no survival skills. People in Africa and Haiti are much more suited to taking care of their own basic needs than Americans today.
Then get to moving. It's going to anyway.Sorry, but this nation needs to move on.