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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (232370)12/23/2007 5:45:57 AM
From: unclewest  Read Replies (1) of 794169
 
How to Avoid Recession? Let the Fed Work

BS. I do not believe monetary policy alone is sufficient to cure a broad based recession.

I keep reading predictions for foreclosures to increase and home prices to continue to fall in many areas through 2009. Some experts expect a large wave of foreclosures next fall (9 months from now) as people get transferred or have to sell for other reasons during the coming spring and summer and cannot. The US Army is going to exacerbate the problem by relocating as many as 150,000 troops. Today most troops live off base and many own homes. Another hidden cost and additional real estate pressure will come from relocating all the DOD civilians that will have to follow the troops.

Now we see a prediction of a 50% chance of a recession in 2008. 2008 begins next week. Industrial production cured our previous recessions. Meanwhile we continue to ship our production base overseas. We are losing the capability to pull ourselves out of a recession.

China now owns our furniture manufacturing and Asia our clothing production. If we're not careful we will not have anything left to give to Iraq, Afghanistan and Africa.

Meanwhile Congress keeps raising our minimum wage to make us less competitive.

Are we in a vicious circle or a vicious downward spiral?

Thinking about this gives me a headache. I'll go back to talking about guns.
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