Where is the US economy headed?

All your claims are nothing but misinformation.

You shouldn't be spreading lies and innuendos on these threads.

The only "blundering fool" around here is you!

Just shows you know nothing about what caused the financial crisis.

Go peddle your misinformation on Facebook.

The subject of this thread is "Where is the US economy headed." The subject of this thread is not me.

Federal government interventions in the USA's economy are the primary causes of the present financial crises.

Had the feds not imposed and subsized private loans to those who were not able to make required payments on those loans, this current financial crises would not have occurred.

The Democrat majority Congress could have heeded--but did not heed--Bush 43's multiple pleas to rectify this situation, when it became obvious in 2008 the situation needed rectification.

It legislated and Bush II signed TARP, which was the opposite of what should have been done: stop imposing and subsidizing those loans by private lenders, and allow the private lenders to foreclose on those loans.

Without the government(s) intervention in most developed countries during this financial crisis, the economies of the world would have collapsed.

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Without the government(s) intervention in most developed countries during this financial crisis, the economies of the world would have collapsed.

I dont see how this would have been entirely bad.
It would have meant a restructuring of economies so that they actually worked the way they should, instead of the hodge podge of economic models we have now.

That would IMHO be a good thing.

Sure, all those millions who would have been unemployed and maybe starved to death due to massive global financial meltdown - it would have been awesome for them.

Sure, all those millions who would have been unemployed and maybe starved to death due to massive global financial meltdown

I think you are painting a doomsday scenario of what would have happened.

BUT, I think you would have seen smaller economic models pop up, like the barter system we use here.
There is actually very little cash business conducted here in Morganfield.
Most people use the "barter system".
That means that if I need some beef and you have it, I offer to put up a new shed for you in return.

I think that would have become more prevalent if there was a worldwide economic collapse.

I think you are seriously underestimating humans and there ingenuity.

You are the one claiming that humanity could do without our most successful financial innovation, not me...

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You are the one claiming that humanity could do without our most successful financial innovation, not me...

So successful that the world economy is or was near collapse?

And now we have a prominent dem actually admitting that the dems are "trying on every front to increase the role of government."
I thought the dems wanted to do the exact opposite?

http://newsbusters.org/node/33800/print

The 'free market,' as you bunch like to call it, exists only by the grace of those who fund and defend it, which is in this case the US people through the US government.

Then please explain how China, which is NOT a complete "free market" system, is poised to become the worlds number 1 economy?

Published April 2006
Summary

* Utilized foreign direct investment (FDI) dropped by 0.5 percent in 2005, but increased by 6.4 percent in the first quarter of 2006 to $14.2 billion.
* The United States continues to be China's fifth-largest source of FDI behind Hong Kong, the Virgin Islands, Japan, and South Korea.
* Issues likely to affect foreign investment in 2006 include the new labor contract law, the discontinuation of foreign-invested enterprise representative offices, the antimonopoly law, and the implementation of distribution rights.
* The PRC Ministry of Commerce announced that it will no longer publish contracted FDI values, a figure used by many analysts as an indicator of future investment.