Paul B. Farrell: 2011-2020: Decade of U.S. economic hell

[marmar]

By Paul B. Farrell, MarketWatch


SAN LUIS OBISPO, Calif. (MarketWatch) — Next decade? Toxic politics promises to make economic matters much worse than even today.

“The U.S. economy appears to be coming apart at the seams,” warned Columbia Professor Robert Lieberman earlier this year in “Foreign Affairs.”

Now, over at “Foreign Policy” magazine, Josh Rogin warns: “This Fight Ain’t Over: Think the debt ceiling gridlock was ugly? Congress is just getting warmed up. Here are eight more foreign-policy battles right around the corner” when they get back to sinking the economic recovery even deeper this fall.

.....(snip).....

Warning, in short, that we’re headed into a perfect storm rivaling the disastrous political insanity of the 1930s that prolonged the depression, driving the economy into far reaching global problems that added fuel to an irrational zeitgeist and world war. And more. .................(more)

The complete piece is at: http://www.marketwatch.com/story/2011-2020-ten-years-of-us-economic-hell-2011-08-08?link=home_carousel

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1. recommend

[Strelnikov_]

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[yourout]

3. And we keep signing these idiotic "Free Trade" agreements that make things even worse.

[bananas]

4. When I first read the subject line I thought it was an obituary for Paul Farrell.

Instead its an obit for the US economy.

[tavalon]

5. Well, since we don't have FDR and another world war would probably

include nuclear holocaust, I think it might just be an obit.

[Buns_of_Fire]

6. Only ten years? Optimist.

Maybe if we as a country got a set of congresscritters that could tell the difference between shit and Shinola, we might be able to look on our current troubles and say "this, too, shall pass." But with the current crop of inhabitants and wannabes, I think we'll be extremely lucky if it ONLY lasts ten years.