The "Clinton levels".... of what?Easily. If you're asking if we'll ever make it back to Clinton levels...
Yeah, really - of what?
We'll have surges of income like we did when Clinton was in office - we'll also have presidents who only gain poll-traction when they toot their horn on a TV show geared towards their minority constituents.
Easily. If you're asking if we'll ever make it back to Clinton levels, I'm not sure. But quit painting this a doomsday scenario. Business cycles do exist, you know...unless you're one of those Marxists.
Pretty self explanatory? Do you think we will ever be able to recover environmentally, politically, and economically? I honestly dont.
Forget economically. We've been through the Great Depression and could easily handle that again.
This recession is different. We have no more bubbles to pull us out of it and adding to our debt can go only so far.Economically - Yeah, we'll recover. Recessions never have lasted forever, and I see no reason to expect this one to be any different. Technically, our economy has been booming for a year now...it just doesn't feel like it because we endured such a collapse the previous year, and unemployment continued to rise until about six months ago.
This recession is different. We have no more bubbles to pull us out of it and adding to our debt can go only so far.
What do you mean no more bubbles to pull us out of it? There are always economic bubbles in the US economy. But what does that have to do with actual economic growth?
As for adding to our debt...the amount of a stimulus necessary to boost our economy would be a small fraction of our GDP. Even an extremely large stimulus would only increase our debt-to-GDP ratio by 10% or so.
Pretty self explanatory? Do you think we will ever be able to recover environmentally, politically, and economically? I honestly dont.
Once the Baby Boomers all "go away", it's all gravy.
The tech bubble pulled us out of the recession of the 80s. The housing bubble pulled us out of the recession of the late 90s caused by the bursting of the tech bubble. It was all fueled by debt. There are no more bubbles and we have not felt the worst of the last one yet.
Once the Baby Boomers all "go away", it's all gravy.
I'm not so sure. The current group of Americans is soft and fat compared to the 1920's. People back then knew how to feed themselves. The vast majority today have very little or no survival skills. People in Africa and Haiti are much more suited to taking care of their own basic needs than Americans today.
Sorry, but this nation needs to move on.