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Originally Posted by Princess Doreen
I don't disagree with most of what you are saying. I know it's not going to set well with you, and you'll say it's all Bush's fault - but I just wonder when all this Hope/Change thing is going to start kicking in.
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Actually I blame Clinton for initiating some pretty serious financial deregulation, the repercussions we see now. I agree Obama has to be more aggressive on the job front.
American wages have been stagnating for years, so Americans have spent the past 15 years feeding their consumerism via bad second mortgages on their homes. Now those homes have lost value so they can't borrow against it, neither can they pay back what they owe. Folks can no longer borrow against their home values to get money to feed their consumerism - whoops, our economy.
As jms points out, what's here isn't even American made any more. Go into a Target or WalMart, etc. Food is about the only thing in there made in the USA. American workers need real jobs (manufacturing, technology, etc) not fake jobs making money off of money, or in service industries.