Maybe we can begin compelling citizens to forcefully patronize these casinos in order to protect jobs and circumvent the law of supply and demand. All other historical recoveries after bad recession were well above eight percent growth for at least three years afterward AND they were spawned by allowing for the correction to hit bottom so that all the over production and inefficiencies were eliminated. This time we bailed out failed business, allowed them to keep doing things wrongly, weve rewarded failure and weve circumvented the law of supply and demand, keeping supply artificially high by electronically creating over two trillion dollars of phony money, allowing banks to make tens of billions of dollars in loans to spur a stock market into a massive bubble. The result? Only two the three percent (artificially contrived) growth since 2009 and this last quarter a loss of growth, an astounding two point nine percent shrinkage in the economy. This is not to mention ninety-two million formally employed (prior to 2008), working capable Americans who have given up looking for work and are magically NOT counted in the unemployment statistics that pretend we are at 6.9% unemployed. So, anyone surprised by this problem, or who pretend its just about more states legalizing gambling...if the economy was rising naturally at above eight percent for the past six years as it had been in after all other recessions, the high-rises would be filling up and the pie would have gotten much bigger. Instead we do as all socialist models do...we shrink the pie and divvy up much smaller slices in the name of equality...making everyone more equally miserable and actually incentivising black markets and illegal commercialism. If I am wrong about any of the above presumptions and opinion, I truly welcome comment so as to correct my assumptions. Oh and as a caveat, the crash in 2008 was a direct result of government creating a housing-market bubble by rewarding and incentivising banks by law and repurchase of mortgages (through Fannie Mae and Freddie Mac) into making mortgages for millions who could never pay them back artificially spurring demand and artificially creating supply...thus a bubble. And now we are in a massive debt bubble that was created to keep jobs instead of allowing the first bubble to completely deflate. Again, I welcome rebuttal, but come prepared please because I have done my homework. I only seek the truth. I mean it. pressofatlanticcity/news/breaking/trump-plaza-owners-confirm-plan-to-close-in-september/article_65a7e44a-09d4-11e4-81ef-001a4bcf887a.html
Posted on: Sun, 13 Jul 2014 13:40:23 +0000
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