tag:blogger.com,1999:blog-8169955098468724356.post6031835413276383058..comments2021-08-23T01:22:44.991-07:00Comments on CBFE Economics: Where are the jobs?!Spiroshttp://www.blogger.com/profile/13657055387453659721noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8169955098468724356.post-14134539919465675872009-08-27T03:54:43.402-07:002009-08-27T03:54:43.402-07:00Re: "There is no way the American consumer is...Re: "There is no way the American consumer is going to return in a big way under those conditions, yet that is exactly what this economy needs according to these same economists. This is a major reason why I'm extremely skeptical about a recovery any time soon."<br /><br />When an economy is based on 75% consumption, why did economic leaders allowed the foundation of that consumption destroyed?<br /><br />With that consumption foundation now in deep retrench, and the federal government marred in unsustainable deficits, there is no going back. <br /><br />Therefore the only possible recovery is to replace a significantly percentage of national consumption by production. By:<br /><br />- build up of production economy<br />- build up of production skills<br />- lower dollar<br /><br />If we start now, it would take 20 years to establish a more balanced economy.The Real Dealnoreply@blogger.com