Quote:
Originally Posted by NewNick
What goes up must come down.
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I agree.
While the Republican party refuses to accept this, we've been on a six or seven year up swing. Unemployment has been dropping, everything else up. That will change eventually.
The jobs report just came out last week. It didn't get much attention, but twice in a row now we've failed to meet expectations. This is a bad sign. Also, two of the most important US markets - automobile manufacturing and retail - are also about to have serious problems. During the recession the auto companies had more leases than ever, but now the markets are flooded with inexpensive slightly used low mileage cars - meaning their lots are full of cars. The retail industry is being badly beat by online and major stores are closing at a record pace, and malls are closing along with them.
Our president and Congress needs to get their ducks in a row quickly. If this goes south it will be another big recession.
The economy is by far the most important thing for us. Period.
The solution to me seems rather obvious. We need huge increases in infrastructure, bridges, roads, damns, water ways, rail.... These big ticket items would cost a lot of money but create lots of jobs and keep people working while improving our daily lives. Instead, trump is promoting Pence's infrastructure plan where they privitize infrastructure. This does not work, and it's already failing in Pence's home state. If you told me I had pay money (a toll) to use the freeway outside of my house that was built with my tax dollars, I would be pissed.