Whimsey and Al are right. We have a problem. As long as we can keep printing paper money and loaning it out to Americans at low interest rates and then spending it overseas to people who believe in the value of the paper we will see outsourcing and jobs moving overseas.
Americans want good deals and they love saving a couple of pennies at Wal-Mart buying Sterlite instead of Rubbermaid. They dont care about jobs or the future of this country. Americans care about full shopping carts.
We havent seen double digit inflation in 25 years but some of us can remember it. If all the paper that we call money starts being returned to us then we will see the economy change. We are seeing the federal reserve having to pump up interest rates to maintain the value of the dollar and this is going to have a negative effect on the economy.
We made a huge mistake in praising the liberal agenda during the 90s and the Bill Clinton anti-business agenda. Bush took office and interest rates were close to 10% and Clinton left office and they were down to 2% and the left wing thought that it was because he had a better economic plan. Bush won a war and we had a decade of cheap oil keeping inflation down and that was a nice circumstance thats no longer true.
For the time being, Americans are willing to borrow money, increase their debt loads, and spend money wildly on foreign products.
You can max out your credit card for a bit and call it globalization or whatever excuse seems convenient but in the end you either pay it off or you deal with mad creditors.
The liberal agenda is that profit is bad and that big business is evil. I agree with a few of their points in that businesses like Wal-mart have the power to buypass American suppliers and purchase from China.
Stupid people like being stupid. They enjoy their stupidity. They are proud of stupidity. And they advertise their stupidity. But they dont like having lower standards of living because they are stupid.
Right now America is in a era of pride, arrogance, and blindness to the upcoming train wreck of budget deficits, corporate, and personal debt, oversupply of money and trade deficits, and regulatory anti-business and legal complications that can sink a fragile economy thats become the sugar daddy for the world.
Our economy has built a foundation of debt and money supply rather than productivity and industry and Americans like things easy and cheap and we dont really want to change it. We wont vote in politicians eager for change until its too late and drastic measures must be implemented.
For those not prepared its going to hurt and we are seeing some fraying at the edges with jobs disappearing into the foreign void.
Happy Motoring All,
Bugshu
