The world economy will also suffer, we might even go into a mild to moderate recession again, but this will shift economics back towards the US in the long run.
Anyone can say what they like but no one can beat our productiveness. We get shit done. This is proven over and over.
HAHAHA. Hey einstein. You're living in the 1950s. We are now a welfare state overrun with useless non-whites.
You are a low information voter. LOL
Please, tell us who on Earth beats US productivity? Einstein.
With all due respect, I don't see that we've ever come out of that recession unless you believe the economic reports at face value. Prices for goods, interest rates and NEW unemployment applications are down, but it doesn't tell the whole story. Prices are being held down to entice more spending by the consumers, but they're not spending as hoped. It's already been reported that during the holidays, people had cut back on their purchases and retailers are complaining of the lack of sales generated. For retailers, the holiday season is what keeps them afloat during slow times of the year. Macy's just announced it's closing some stores & cutting jobs because of the meager sales.
As for unemployment benefits, many have run out & still can't get a decent job to support their families. The numbers as reported are only for new applications, NOT for existing benefits or those that have run out.
As for US productivity, it wasn't too many years ago that most US manufacturing jobs were shipped overseas to places like Mexico, India and China for the cheap labor. The reasons behind that was the American workers were too demanding for higher wages & benefits and many new employees want to start at the top as CEO instead of putting together widgets on an assembly line. Not that long ago, we were importing goods at a much higher rate than exporting and we probably still are.
just something else to think about.
