When Will The Recovery Begin? Never

[keep_it_real]

My prediction, then? Not a V, not a U. But an X. This economy can't get back on track because the track we were on for years -- featuring flat or declining median wages, mounting consumer debt, and widening insecurity, not to mention increasing carbon in the atmosphere -- simply cannot be sustained.

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. So instead of asking when the recovery will start, we should be asking when and how the new economy will begin. More on this to come.

http://www.commondreams.org/view/2009/07/10-5

[MercutioATC]

1. My concern is that we're trying to push it back into that unsustainable model.

The "healthy economy" they're trying to resurrect wasn't so healthy...but they're not really making any substantive changes.

That's a recipe for disaster.

[keep_it_real]

3. The change that really need to be made . . .

Is for the U.S. to nationalize all banks and start lending U.S. dollars and not Federal (not federal) Reserve Notes. We are using the English banking system not the American Banking system that the Benjamin Franklyn wanted; he wanted the U.S. government to create money and not the privately owned banks through bank loans creating money.

But since most Americans don't really know what needs to be done it will not be done and America will be taken over and controlled by international bankers through control of the Fed.

Please read:
http://www.webofdebt.com/

[bvar22]

14. The reforms proposed by the White House are minor adjustments.

The do nothing to correct the REAL problem....Too Big to Fail.
Giving oversight to The Fed is a step in the WRONG direction.
We need more transparency and public accountability...not less.

It really looks like they are using our children's money to re-inflate The Bubbles for one more Smash & Grab before the whole thing collapses.

The handful of Winners will retire to their Islands or small European Monarchies to live lives of unimaginable luxury while the rest of us are destined for The Middle Ages.

Those who think they can survive in Gated Communities protected from The Masses by private police are sadly mistaken.
We will eat them.


NOW we have Your Children’s Money too !!!
And there is not a fucking thing you can do about it!
Now THIS is “Bi-Partisanship” !
Better get used to it!!
Hahahahahahahahaha!


I'm glad I am old and live in The Woods.

[obliviously]

22. I think you have it pegged! N/T

[WannaJumpMyScooter]

2. I see it as a Y

where normal people fall straight down, and the rich recover nicely.... yep, the Y recovery... you heard it here first, folks!

[katsy]

5. Well it certainly feels like we're going down a funnel.

Straight down. +1

[HughMoran]

4. It's up to us

The economy is driven mostly by people, only peripherally by the government. All the government can do is prop up the system as it stands, add controls to try to ensure some of the sleazy stuff can't happen again and let the chips fall as they will. I hope that some of the disincentives to continuing (government imposed and nascent) on the path we were on will cause us to adopt a more sustainable model going forward. I do believe that President Obama could play a larger roll in steering us away from the greed and excess that got us here by using his wit and charm and some common sense in a series of "fireside chats". Mr. President...?

[WannaJumpMyScooter]

6. maybe they could update the

fireside chat thing.... computerside chats?

[hunter]

7. The current economy was never sustainable. Now it's fizzling out.

If we're smart we create an economy that is sustainable, even as the climate changes and oil extraction rates decrease. If we're not smart, if we don't transition to a sustainable economy, a lot of us will simply die young.

In the history of life on earth, billions of years of it, it is extrordinarily unlikely we are anything special. Exponential population growth such as our species has experienced always ends.

[bob4460]

8. When NAFTA CAFTA are gone and the US citizens stop wanting

CHEAP CHINA SHIT the federal reserve has to go also

[inna]

9. who in the world unrecs threads like these???

WTF?? this new "feature" is a horrible idea.

[noamnety]

11. I recommended it

but I understand that a lot of people would prefer not to give further visibility to the idea that the stimulus plan has flaws - not because they want to discuss the validity of the statement, but because it is critical of Obama policies.

[inna]

20. at least now it has 9 recs.

when i first rec'd this thread several hours ago, it was still <0, hence my comment...

anyway, i'm glad this thread made it to the GP...

[Tierra_y_Libertad]

10. About the same time the "pie in the sky" is delivered.

Or, when Americans are willing to accept that they will be working for less until the foreign labor markets catch up with us.

Work for less or don't work at all. Catch-22

[SOS]

12. Not in our lifetime

Why can't the zombies on Wall Street and in DC understand that the American worker is completely out of money?

401 K destroyed. House value destroyed. Credit frozen. Mutual funds cut in half. Retirement wiped out. Health insurance unaffordable. Eight million foreclosures. 10% unemployment (U6 at 16.5%)
Crippling bank fees. 28% credit card interest. Horrific student loan debt. No cap on interest. No mortgage restructuring in bankruptcy. 2005 Bankruptcy bill.
And no wage increase (adjusted) since 1970.

And the idiots at the top think we're going to go on a shopping spree this year?

[Hugabear]

13. Oh, the economy will recover - but WE will not

The large corporations, the ones who got us into this mess, they will eventually recover. Hell, the Big Oil companies are raking in record profits despite the worst economy in decades. But we, the people, are the ones who will never recover. We'll wind up with a modern day feudal system, begging for scraps from the rich & mighty.

[truedelphi]

16. Boy do you have that one right.

And a sad fact it is, too.

[earth mom]

15. People have been sold fake hope and change. Until they get that, nothing will change.

The banksters rule and the people can suck it! Rah Rah Rah! :woohoo:

:sarcasm:

[DemocratSinceBirth]

17. If The Economy Doesn't Improve President Obama Will Be A One Term President

That's not a pleasant prospect...

[Rex]

18. It is a myth, we are in a depression.

Just have a better quality of lifestyle than the 1920s.

[inna]

19. i can't wait to hear more from Robert Reich...

My prediction, then? Not a V, not a U. But an X. This economy can't get back on track because the track we were on for years -- featuring flat or declining median wages, mounting consumer debt, and widening insecurity, not to mention increasing carbon in the atmosphere -- simply cannot be sustained.

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. So instead of asking when the recovery will start, we should be asking when and how the new economy will begin. More on this to come.

[JanMichael]

21. Hmm. A failed model. Remember T.I.N.A?

I believe in C.H.A.R.L.E.S.

Guess the letters!