Discussion in 'Politics' started by get_involved, Jun 11, 2011.
Nearly Half of Americans Believe Another Great Depression Is Likely - DailyFinance
Naah it is not a depression is it a national downscaling to bring our lifestyles into closer alignment with the rest of the globe so we can compete in the global marketplace.
Just an adjustment...
It's all part of becoming a third world country
Nope just second world, which will become first world as all the first world countries downscale.
It is all becoming relative in the global marketplace.
You can't have millions and millions of third world people envade your country and espect to not have this kind of change
Nor can you expect to compete with Chinese wages.
That is a far bigger impact at this point than immigrants.
We are returning to the mean and the mean is catching up to us.
If only China would spend some money in pointless ways....
If only China would want "diversity" and make their population 30% or 40% black and Hispanic too.
seems a bit too racist a statement for my taste
"Half of Americans say they couldn't come up with $2,000 in 30 days without selling some of their possessions.
"Meanwhile, companies are flush: American firms generated $1.68 trillion in profit in the last quarter of 2010 alone. But many firms would think twice before putting their next factory or R&D center in the U.S. when they could put it in Brazil, China or India.
"These emerging-market nations are churning out 70 million new middle-class workers and consumers every year. That's one reason unemployment is high and wages are constrained here at home.
"This was true well before the recession and even before Obama arrived in office. From 2000 to 2007, the U.S. saw its weakest period of job creation since the Great Depression..."
What U.S. Economic Recovery? Five Destructive Myths -- Printout -- TIME
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