WHY IS THIS RECESSION SO SERIOUS?
Dr. Laurie Roth
January 9, 2009
The only way to save the U.S. now is to suck it up, remind ourselves who we are and what we stand for, and realize that this very serious economic downfall will most likely be in our face and pocket books for several years, bail outs or not!
Why is this recession so serious? What is different with this one and the last several?
Over the last several decades of recessions and down turns we at least had a manufacturing base, growing productivity, and borrowing would occur against productivity that was building, not disappearing. Most of our industries weren’t employing thousands of people in South America, Mexico, India or China, or even worse, taking their headquarters there. Now they are.
Paul Roberts, former Assistant Secretary of the Treasury in the Reagan administration talks about how it doesn’t work anymore to stimulate consumer demand by lowering interest rates. People still won’t buy because this time around their debt is too high, homes are gone or going away and jobs are shaky.
The International Seduction and Globalism has all but killed us!
With manufacturing disappearing, U.S. corporations selling out for cheap labor abroad, thus betraying our own work force, and American consumers buying a ton overseas it is really hard to stimulate with a bail out more people back to work. Hundreds of thousands of the great jobs are now overseas!
We are becoming a dependent nation for products and industry rather than a leader nation which we have always been.
Why is this recession so bad and different? With all the peeling off our own skin regarding manufacturing, sending thousands of corporations and jobs overseas, and continuing the cult of more and more debt via Government and our personal habits, we have no where left to go. We have almost killed our self.
Other contributors to our economic nightmare
The New World Order crowd has been pushing for an international, Unitarian type power arrangement regarding countries and their money supplies since the early 70s. In fact one of the New World Order ‘gods’ Henry Kissinger just recently came out and said that Obama had the perfect setting for the establishment of “a New World Order.” January 7, worldnetdaily.com highlighted a recent quote from him on an CNBC TV show “The president-elect is coming into office at a moment when there is upheaval in many parts of the world simultaneously. You have India, Pakistan; you have the jihadist movement. So he can’t really say there is one problem, that it’s the most important one…….His task will be to develop an overall strategy for America in this period when, really, a new world order can be created. It’s a great opportunity, it isn’t just a crisis.”
You realize of course that the New world order crowd, aka Trilateral Commission, wants redistribution of wealth, unfair trade agreements, which they already spear headed like Nafta and Cafta. They want the North American Union and Super Highway. Anything to tear down our ‘arrogant’ sovereignty and borders and open us up to the world’s neediness, products, terrorists and illegals.
Spending more money and making more “rescue” debt isn’t the answer. If we want to preserve our country and constitution we must toughen up and reintroduce manufacturing and business again within our shores! We should NEVER have allowed whole industries to ship over seas. We should dramatically cut regulation, taxation and litigation that would threaten industry and business to thrive again in the U.S. Nuclear and energy exploration and development could happen boldly if it could afford to do business here without being regulated, taxed or sued off the earth.
What if we can’t compete with all the cheap labor in the world??? Then perhaps we should be the first in quality and innovative ideas again. Using slave labor in many foreign markets because we must have what Wal-Mart has is stupid thinking and un American. Slavery is evil and wrong whether it was used for commerce in our country in the 1800s or used because of greed now in big business. It doesn’t matter what nationality is used for our greed, slavery is always evil.
We should also start a major campaign to buy U.S. products again. We must make our products higher quality and better than international products. Stupid and unfair trade agreements should be stopped and reversed. As it is now its 50/50 all right with trade….we get the sled up the hill and the world gets the sled down the hill.
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This recession may dip into a depression and go on for quite some time until we change our worldview, reintroduce our manufacturing and innovative base again, stop our seduction and addiction to debt and cheap products and start taking pride again in being American!
© 2009 Dr. Laurie Roth - All Rights Reserved