Wednesday, January 30, 2013

U.S. Economy Shrinks For The First Time Since The Recession Ended


If we are unwilling to honestly diagnose the problem it is impossible to adequately address the problem. The crash of 2008 put the United States and the world into a global Depression. You can see it in the aggressive ways Central Banks and Finance Ministers are going after the economic issues their nations are confronting with no lasting positive results. War, and the business that supports it, is a core piece of the US Economy now, so as the wars continue to wind down more economic slowdown is going to aggregate with the current economic crisis in the US and prolong it. The United States needs to take a hard look at its economic system, for if our nation requires a war to power the economy in absence of other economic motivators we are a danger to ourselves and the rest of the world. So too, we can not rely on deregulation of the financial sector to continue the falsification of prosperity as a replacement for true economic activity. The stock markets are soaring ... great ... why?



I don't think an economy that relies on war and fraud to power it is sustainable. We should treat our Depression as a Depression and stop protecting a failed system simply because it serves to empower a small group of extremely rich people. That's not rational.
Read the Article at HuffingtonPost

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