Quote:
Originally Posted by kane
well, actually it is what the numbers say. I never said everything is great, but things are leveling off as opposed to crashing. It doesn't mean we will never have trouble again nor does it mean that we are out of the water, but things are improving slowly.
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things may have leveled off, with the spender of last resort spending borrowed money, which leaves all of us better off than we might be.
but it's possible, this leveling off, because the economy dumped millions of unneeded workers.
leaving us with the problem of what to do with the 10-to-20 million or so unemployed and underemployed workers.
If the economy contracts again, millions more workers will have to be kicked off the bus. but, who knows, maybe it wont contract again.
but the one thing nobody is addressing is what part of the economy can be grown to employ the millions of unneeded workers this time? Clinton and Bush did it with bubbles - which we will do again - but what will the bubbles be based on this time around?