Re:Never Have I Seen So Much Fake Unemployment and Jobs Data...
by redis_mlc on Wednesday July 08, 2020 @02:12AM
(#23767345)
> What a house of cards the U.S. economy is.
No, actually pre-corona it was the strongest in world history because the US actually makes things, unlike the European "sick men" welfare economies.
My concerns are:
1) the societal rot that has set in, that will ultimately weaken the US and has already resulted in a populist President. Health insurance and education costs are an assault on the middle class and small business owners.
2) the monetary life support provided to Wall Street since 2008 with no effort at unwinding federal support for private industry since then. We've doubled-down during corona.
No, actually pre-corona it was the strongest in world history because the US actually makes things, unlike the European "sick men" welfare economies.
My concerns are:
1) the societal rot that has set in, that will ultimately weaken the US and has already resulted in a populist President. Health insurance and education costs are an assault on the middle class and small business owners.
2) the monetary life support provided to Wall Street since 2008 with no effort at unwinding federal support for private industry since then. We've doubled-down during corona.