[QUOTE=bitonti;2796726]As long as the roots are not severed, all is well. And all will be well in the garden.
In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again.
There will be growth in the spring![/QUOTE]
:confused: You mean the business cycle?
sustained recessions are a possibility and to chalk it up as simply the business cycle is a bit naive... Our national debt is astronomical and the financial sector is going through a struggle i don't think America has seen since the banking panics of the 30s. Not saying this is the end of the world, but I think people need to brace for the fact that our economy may stagnate for the next few years, and that if we want to really be stable in the long-run we need to fix the system.
[QUOTE=Jets Voice of Reason;2796678]
It starts with fiscal responsibility in the federal government. That doesn't mean raising taxes necessarily, but this country is driven by debt on all levels and that needs to stop. We need to cut back on spending. Whether that is pulling out of the war or cutting inefficient programs, something needs to be done.
Actually, I'll go one further....it starts with the citizens being fiscally responsible. Perhaps all that spending and going into debt hasn't been such a grand idea for the world...
[QUOTE=jetstream23;2796580]What are you optimistic about though?
I agree there is panic and it could be overdone. But the fear may not be irrational. GM likely is going out of business in the next 3 weeks IMO. It's not a bank, it's not a brokerage, it is a American icon that has fallen on hard time and is now priced lower than it was during the crash of 1929. [/QUOTE]
GM invested in obsolete manufacturing + inventory systems, and they let the Quality Revolution pass them by. Their industry evolved and they didn't go with the flow. They deserve to go out of business. That's the risk of competing.
Plus, unions may have given American workers great leverage, but they made it much more difficult for American mfring firms to compete globally.
[QUOTE=Darth Vader;2797079]GM invested in obsolete manufacturing + inventory systems, and they let the Quality Revolution pass them by. Their industry evolved and they didn't go with the flow. They deserve to go out of business. That's the risk of competing.
[B]Plus, unions may have given American workers great leverage[/B], but they made it much more difficult for American mfring firms to compete globally.[/QUOTE]
Pretty much why our companies outsource jobs whenever they have the opportunity. Low skill labor is cheaper and about as productive.
[QUOTE=Jetspennyfan;2796799]The book is even better.[/QUOTE]
The main character in the book, "Gardner", doesn't have the slightest idea what he's talking about though. He is totally unaware that any of his statements about gardening (he's a semi-retarded former gardener) are being construed as on the economy.
That's the funny part. The sad part is that in real life, it doesn't work out like that.