Comments on: When Will The Recovery Begin? Never. http://www.laprogressive.com/economic-equality/when-will-the-recovery-begin-never/ Progressive Politics Liberal Politics and Social Justice Sun, 21 Mar 2010 06:16:09 -0700 http://wordpress.org/?v=2.9.2 hourly 1 The LA Progressivehttp://www.laprogressive.com/wp-content/themes/arthemia-premium/images/button.gifhttp://www.laprogressive.com8831Description of your blog. By: Tony gates http://www.laprogressive.com/economic-equality/when-will-the-recovery-begin-never/comment-page-1/#comment-58796 Tony gates Sun, 24 Jan 2010 23:32:01 +0000 http://www.laprogressive.com/?p=13609#comment-58796 Mr Reich is finding his groove. These last posts hit the economic and political heart of the matter. No one has a clue about how and when "the recovery" will deliver real sustained consumer confidence and investment. Only one thing matters now -- basic value . Follow the consumer at every level, and be patient. Not the most politic of times for Obama. Mr Reich is finding his groove. These last posts hit the economic and political heart of the matter.
No one has a clue about how and when “the recovery” will deliver real sustained consumer confidence and investment. Only one thing matters now — basic value . Follow the consumer at every level, and be patient. Not the most politic of times for Obama.

]]> By: John Lorenz http://www.laprogressive.com/economic-equality/when-will-the-recovery-begin-never/comment-page-1/#comment-42124 John Lorenz Sat, 11 Jul 2009 08:04:43 +0000 http://www.laprogressive.com/?p=13609#comment-42124 Wait until Schwarzenegger and California's budget bust and cuts work their way across the national economy. It is hard to see how the US will EVER recover from this. Credit has dried up. People are drowning in debt and they are still losing jobs at a tremendous rate. Now, enter Schwarzenegger as he takes apart California and puts California at the top of the nation's unemployment rate. Where will new, high tech jobs come from? Any talk of a second stimulus is already being ridiculed. The first one was inadequate to do much of anything. We are in for at best a jobless recovery and if that is the case you can bet the Republicans are lining up to blame Obama for the failure even though it is not his fault, it is largely THEIRS. Wait until Schwarzenegger and California’s budget bust and cuts work their way across the national economy. It is hard to see how the US will EVER recover from this. Credit has dried up. People are drowning in debt and they are still losing jobs at a tremendous rate. Now, enter Schwarzenegger as he takes apart California and puts California at the top of the nation’s unemployment rate. Where will new, high tech jobs come from? Any talk of a second stimulus is already being ridiculed. The first one was inadequate to do much of anything. We are in for at best a jobless recovery and if that is the case you can bet the Republicans are lining up to blame Obama for the failure even though it is not his fault, it is largely THEIRS.

]]> By: New World Currency Proposed by Russian President Medvedev http://www.laprogressive.com/economic-equality/when-will-the-recovery-begin-never/comment-page-1/#comment-42121 New World Currency Proposed by Russian President Medvedev Sat, 11 Jul 2009 04:57:12 +0000 http://www.laprogressive.com/?p=13609#comment-42121 [...] When Will The Recovery Begin? Never – “The X marks a brand new track — a new economy. What will it look like? Nobody knows. All we know is the current economy can’t “recover” because it can’t go back to where it was before the crash.” Interesting piece by Robert Reich. [...] [...] When Will The Recovery Begin? Never – “The X marks a brand new track — a new economy. What will it look like? Nobody knows. All we know is the current economy can’t “recover” because it can’t go back to where it was before the crash.” Interesting piece by Robert Reich. [...]

]]> By: Steve Lamb http://www.laprogressive.com/economic-equality/when-will-the-recovery-begin-never/comment-page-1/#comment-42108 Steve Lamb Sat, 11 Jul 2009 01:45:28 +0000 http://www.laprogressive.com/?p=13609#comment-42108 What we have had starting in 1980 and accelerating wildly in 2000 has not been an economy where people produce, have incomes and spend or save. Our situation has been like that of the prodagal son in the Bible who took his inheritance before his father died and then promptly wasted all the money on wine, women, and gas guzzling SUV's. As the bible notes, the young man ended up sleeping in filth and starving. His only way back to anything resembling prosperity was to humble himself and re enter a productive, thrifty society where work was done for the benefit of the family i the present and in the FUTURE. In the wild insane years spent drunken on credit, we as a people have laughed at even thinking about the future, and now we are living in some of it. This humble pie does not taste good. The logical question is what kind of production? The answer should be in things like replanting our forests, restoring our topsoil, making long term infrastructure improvements like roads, mass transit systems and solar arrays among others. What we have had starting in 1980 and accelerating wildly in 2000 has not been an economy where people produce, have incomes and spend or save. Our situation has been like that of the prodagal son in the Bible who took his inheritance before his father died and then promptly wasted all the money on wine, women, and gas guzzling SUV’s. As the bible notes, the young man ended up sleeping in filth and starving. His only way back to anything resembling prosperity was to humble himself and re enter a productive, thrifty society where work was done for the benefit of the family i the present and in the FUTURE.

In the wild insane years spent drunken on credit, we as a people have laughed at even thinking about the future, and now we are living in some of it. This humble pie does not taste good.

The logical question is what kind of production? The answer should be in things like replanting our forests, restoring our topsoil, making long term infrastructure improvements like roads, mass transit systems and solar arrays among others.

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