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The Clubhouse Bar
Double Dip Recession, ConDems and sniffling Ed
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<blockquote data-quote="shtove" data-source="post: 542294" data-attributes="member: 13771"><p>Redundancy.</p><p></p><p>I've followed this economic mess since early 2007.</p><p></p><p>My view is we're in for skipping recessions for the next ten years - we've had five years already. The idea of growth is dead until then. No prediction of what comes after that, although energy constraints seem to be the controlling factor even now.</p><p></p><p>The only point of politics at the moment is to determine the division of a reducing pie of wealth. Overall the idea of a middle class is receding, and there's nothing can be done about it. So Lefties and Righties will necessarily shoot themselves in the feet over tax/spend. </p><p></p><p>We could revise the nonsense that the state committed us to in the bank bail outs, but even that revision (not going to happen) wouldn't put off the great reckoning over our excessive consumption.</p><p></p><p>Not hopeful about the future, but I'm still an optimist - people tend to figure things out, even if we're poor.</p></blockquote><p></p>
[QUOTE="shtove, post: 542294, member: 13771"] Redundancy. I've followed this economic mess since early 2007. My view is we're in for skipping recessions for the next ten years - we've had five years already. The idea of growth is dead until then. No prediction of what comes after that, although energy constraints seem to be the controlling factor even now. The only point of politics at the moment is to determine the division of a reducing pie of wealth. Overall the idea of a middle class is receding, and there's nothing can be done about it. So Lefties and Righties will necessarily shoot themselves in the feet over tax/spend. We could revise the nonsense that the state committed us to in the bank bail outs, but even that revision (not going to happen) wouldn't put off the great reckoning over our excessive consumption. Not hopeful about the future, but I'm still an optimist - people tend to figure things out, even if we're poor. [/QUOTE]
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Double Dip Recession, ConDems and sniffling Ed
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