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Politics : President Barack Obama
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To: RetiredNow who wrote (129943)1/15/2013 2:43:59 PM
From: John Vosilla  Read Replies (3) of 149317
 
What is happening now is an end game from decades of abuse.

The end game was the financial crisis in 2008. This is the post crash hangover.. MM if everybody who could borrow today did at these incredible low rates and reinvested the proceeds into productive pursuits with lasting value and a higher multiplier effect the economy would boom. Seems to be happening with distressed RE and with a manufacturing resurgence in the midwest but not filtering much into the real economy other places quite yet.. Middle class gutted, half of college grads the past seven years are underemployed at best, no net job creation for three presidential terms running... I would say we never tackled the problems of globalization, technology and near record wealth disparity that were quite apparent in the early 2000's when it took the MIC expansion and a housing bubble to get a limp economy moving forward by 2004..
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