The reason why America is heading towards recession is a powerful centralized government, and a private centralized money monopoly. Virtually all the power is now with the federal government and the Presidency. You have a single potential point of failure and no redundancy for a population of over 300 million. So if the policy of the government is total a screw up everyone pays. The biggest mistake of the federal government was getting involved in a war in the middle east. This is what also bankrupted the Soviet Union. Government would be better organized using the Google Server Farm model. Where you have lots of much smaller governments governing over much smaller areas. That way if one government screws up barely anyone pays and the rest of the states still function. The only purpose of the federal government originally was for foreign policy and defence purposes. This makes sense and could be funded with less than 3% of all state GDP. Instead you have a federal government which takes 26% of GDP.
Hrmm.... so the government hasn't gained much more control for what, 30 some years? And so they don't get credit for prosperity yet blame for recessions? Please do your homework. Most experts will tell you that the signs of the recession are due to the unregulated (blanking on the term) loans that were popular over the past 10 years. Ever hear those commercials "No Credit, Bad Credit, we will still give you a loan"? That is the loan i'm talking about. It allowed many people that could not otherwise qualify for a loan to take one out, but they were often rigged with predatory payback methods that put many americans into debt. Why do you think so many Americans are in debt, these types of loans are the major recent cause. They are also the reason why we probally will go into a recession. Now is that the governments fault? Partially, many people knew that these loans were going to cause future trouble, and the government didn't regulate it.
so Congress scrambles to make stimulus plans every time we pass through this cycle? c'mon we've had enough of your sean hannity "optimism". there's a difference between high hopes and fantasy.
You do your homework. There are two types of debt, government (public) and private. Government debt has soared since Bush II took presidency and largely due to spending on the war and tax cuts. More spending and tax cuts. This problem was caused by a powerful centralized government and one point of failure for 300 million people. As for the private debt problem that was caused by a private centralized money monopoly called the federal reserve - not unregulated loans. I mentioned this briefly in my original post but did not elaborate. Banks would never have had the opportunity to dish out such ridiculous loans if the federal reserve hadn't been pumping cheap credit into the system like their was no tomorrow. Name me the 'experts' which say the economic problem was caused by unregulated loans.
You are 100% correct. So when was the last time we saw price deflation, increase in the value of a dollar, and prolonged credit contraction? I could spend hours writing about this stuff.
I'm American and I don't buy that crap. They do try to brain wash us with the crap CNN and the rest of the bilderberg secret society monopolized media tries to force feed us. That's why I don't watch the news, or read the newspaper or listen to the mainstream media. We have alternative media sources here, but the government does try to shut them down. I don't believe in government anyway. How the hell is democracy government by the people when the people don't have a damn say in what goes on anyway? And I don't buy that rigged voting crap either. The vote is only a consensus anyway and the electoral college really has the deciding vote for president.
Would you burn a american flag? I don't watch the CNN/Local News or read the paper. I do keep updated with CNBC - 12 hours a day with news and the internet