Thursday, December 6, 2012

Root Cause!

1-What seems to excaped everyone including the WH, LDPs, and most if not all the CTPR party as to what caused the Great Recession in the first place. Its the same root cause why the recovery which is firting with another recession as we speak, approaches it's fifth year of recovery. It will take another 5 -10 years before this monkey is off our backs. No, it's not Bush tax cuts, nor the unfunded new A-symmerical war with terrorist, where no war can be declared since no country per se exists. The US of A coffer run dry because Yr.2008 housing bubble burst. And we continuing spending beyond our means to make up for the fat years. Unlike the 1990s there is no major technology (Internet) to be inplimented, no Y2K computers glitch causing $B upon $B spent to assure when 0001 hrs. 01.01.20 the world didn't go black. That was a farce. Plus tons of money was spent around the world with the Yr 2000 celebrations which dry up on 0001 hrs 01.01.20. 2-During the 1990s the house boom was born, any body can own a home if you can afford it or not. With every house a family needs stuff to fill up the house and to survive. And off into the wild blue yonder most people went until reality stepped in in 2008 and the world went into a tail spin and nosed dived for a rough landing at best. So, until the world economies invent a new technology, some magic trees that grow money but not cell phones, iPads and other i-products but something big we are in for a long slog.

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