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Original post made
on Sep 29, 2010
... and it won't get better as long as the fed and state governments continue to squeeze taxes out of businesses and individuals as they simultaneously overregulate businesses and hand out "candy" prop up the housing and auto markets. Our next opportunity to turn the corner on this economy will to elect a new leadership team in November. Public opinion... and business investments... should increase when there's a perception that somebody finally has their foot on the brake of the ridiculuous gov't spending spree. It will then be up to these new leaders to actually DO SOMETHING to get things going again.
Much of this Bay City News Service report is taken from financial news services analysis in the greater bay area. What is missing is the commentary by CEO's on remedies for the slow recovery. Most recognize that recovery is not a political issue and cannot be resolved by cutting government spending and eliminating meaningful regulation.
Please review the various articles that surround the original information as published in Reuters, NYTimes, and more. This is a problem of lack of economic investment in high-volume, profitable enterprises on the local, state and national level. Governments are protecting our obsolete industries rather than provoking investment in their future markets and technologies.
Neither the Republican's fiscal/financial fix or the Democrats stimulus programs will answer this economic rather than political challenge. Let's ask your readers to add their ideas for economic development and jobs recovery.
As I understand, the current national debt stands at an amount which would take two 50 year generations of working people to pay off. We are way over our head in debt, and now we are attempting to buy our way out of recession by burying ourselves in SIGNIFICANTLY increased national debt. Nothing but smoke and mirrors, and we all know it. Until we face our collective economic problem head on, this country will continue to sink into the deep black abyss.
You do the math!
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