Global recession is upon us

H

hornpharmd

5,000+ Posts
And it has nothing to do with the fiscal policies of the United States government over the last 10 years. These fiscal problems certainly have dire consequences for our own country and citizens and is a real problem that will need to be addressed before we are forced to eventually simply cut off benefits to seniors at some point down the road. However the recession that we are seeing is global.

money.cnn.com/2011/09/22/news/international/global_economy/index.htm?iid=HP_LN

But all this has been predicted and probably should be expected. I have been waiting for this double dip to occur and many articles I have read over the last year have pointed towards last 2011 or early 2012. Well I think we are about there if not already there. There really isn't anything that can be done about it either at this point. The banking deregulation that occurred in the Clinton and Bush years has led to this and it is simply going to take years maybe over a decade to recover. I am thinking the only real answer is serious banking/investment regulation similar to what we saw in the 1930s after the Great Depression. I just don't know how we are going to get there though due to the fact that Wall Street and investment firms are so far up the *** of government and the Obama administration right now. I don't know what it will take to get the right minded people in the appropriate offices but until it happens and legislation is passed to reverse the deregulation we have seen, we are going to continue to be stuck in this mess for much longer.

In the meantime be aware of the coming double dip and global recession. Not a good time to have your 401k wrapped up in stocks right now or to be investing in real estate certainly. If you have a good job, stay in it. Don't take on additional debt at any cost. That is my advice and I am certainly no expert.

.....now back to the case of Troy Davis.....
 
And it has nothing to do with the fiscal policies of the United States government over the last 10 years.
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more like the last 40.
 
Here are some things that are a MUST in order for us to recover, imo:

1. We have to get MANUFACTURING back in this country. A country that does not MAKE stuff, cannot have a strong middle class.

2. PROTECTIONISM is an absolute must! Goods coming in from foreign countries should be taxed to provide an even playing field for our manufacturers.

3. Alternative Energy sources: We need to keep up the work started by the Obama Administration especially in batteries and get to 40-50% of the world market share.

4. R&D, R&D, R&D! This can't be stressed enough. Of course patent reform that Obama passed goes hand in hand with this.
 
What a load of crap, there is no double-dip now or coming in the future, job growth is outstanding, best in 10 years in fact and just getting better. On top of all that, with QE1 through 100, monetizing the debt and printing money like there is going to be a shortage of paper and cloth to print it with and billions of dollars for millions of green jobs, what is there to worry about?

Happy days indeed!
bounce.gif
 
If the market wanted green products there would be a bevy of green jobs to make said green products. The market doesn't want it so instead the government insists on squandering billions of dollars subsidizing something isn't wanted nor will be purchased in any quantity that will make it self-sustaining. Witness the Chevy Volt and Solyndra.
 
I do think subsidies are a big problem. Remove them all across the board for all energy sectors and then let's see what happens.

Now to counter your argument we have seen in Austin a push to get to 30% renewable energy. Many businesses have been leaders and purchasers of this more expensive power. They haven't done it through subsidies as far as I am aware.

If you look at what is happening over the last few decades and the shift of manufacturing jobs oversees, green energy is an area where we could as a country bring jobs back to the US, stimulate the economy, and simultaneously continue to get ourselves off our addiction to foreign oil which is one of the biggest long-term national security threats out there. It needs to be done right and the free market should better deide who gets the contracts, etc. I would recommend mandating that all large cities, similar to what Austin has done, have a goal or benchmark that they need to reach in terms of utilizing renewable/green energy. Then let those cities on an individual basis decide how they are going to get there and let them in most cases purchase this energy from the private sector in the free market. I have always thought that this is the best thing government can do is to simply set higher minimum standards. They have done it with the new emissions and fuel efficiency standards. This is one of the greatest accomplishments under the current administration. Now they can take that step into other areas such as renewable energy, air quality, etc.
 
Nuclear power would be great. It has tons of advantages over wind and solar. I wish we would start investing in developing nuclear power that was safer, easier to dispose, and cannot be used for military weapons.
 
IMO the US should simply stop allowing importation of goods that are manufactured in places where they do not follow the same labor/wage laws that we do.
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this is agreat idea and when someone goes to buy a lamp for $200 instead of $20 you can get today at target, it will get ugly in this country. We need to face the music. we are a dying superpower that has relied too long on cheap goods from other countries and we have a lazy work ethic and an entitled mentality. this has happened o every former superpower throughout history and it has happened to us. Asia is the next growth explosion. teach your kids mandarin. it is over. not today, but in the next 50 years.
 
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