What's wrong with the US economy !
We have all heard of the recent crashing of some gigantic money lenders, Banks and insurance institutions. Some say its just deflating back to normal, after the surreal 8 years of Bush/Chaneey rule, in which they had free hand in virtually robbing the small peoples savings with easy credit hand outs.....
However, there are five factors which could be highly relevant to understand what this is all about ;
1 - Profits have risen(Corporate Sector), but the wages and income of average Americans are lower.
2-Because of the above, more and more people are deeper in debt.
3- When all the corporates flow their profits into tax free islands, there is subsequently no new investment to create jobs to keep up with the population growth, thus employment rate falls.
4-Because of the above, poverty is on the rise, (No Jobs results in No money to spend to feed the micro-economy).
5-Rising health care costs which is again due to corporate oriented reasons, destroys and erodes families and their already compromised income.
I see no hope , pumping cash into it as Bush is doing is like prescribing Aspirin tablets for headache, (even a 5 year old could do that) but it wont solve the issue. 10 years of peace and ridding the US economy of AIPAC executives, will slowly but surely strengthen the economy.
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