Will Obama be able to fix the fall out of the inflation bubble with the buy american plan?
Jerome Watson asked:
In the last 15 years imports have roase 1500% while exports dropped 11000%.The credit debt of Americans has increased along the same lines as there are fewer dollars from GDP going to workers. This meant consumption went up and industry went down. This could be compared to a poor man with baloon loan except it was the retail buisness buying jets and outsourcing customers at the same time.
When you send more then half of your growth to another country it baloons faster then a bad loan. When it fills to much with inflation and credit debt it pops. Then you have no industry, the retailer have a smaller cutomer base, and the banks have more debt then equity.
The only solution that works is to rebuild what every enemy in the world fears American industry and are workers so much better that when even threaten it the crooks around the world scream in fear.
We need to tax non American made goods in stores to make the consumer not want to buy them.
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He couldn’t fix anything in the Senate and Chi-town got worse while he was there. We are all doomed.
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This is first cuase to the economy that makes sense!
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Common misconception, more jobs are created from imports to the united states than having the products made in America
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Kevin is a retard because the economy is bad due to no remaining industry!
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Its amazing how many people on the WalMart board pay to hide the real problem and if oppose this I know where your butter came from.
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We used fake, Republican deregulation driven cheap credit to fuel a HUGE buying spree of cheap foreign crap!
Unfortunately while the credit was fake, the money that we owe for all this junk is VERY REAL!
And inflation happened because of the devaluation of the dollar which was a direct result of the budget deficit, and tax cuts we couldn’t afford!