Why the US Economy Failed & what we must do to fix it

[FreakinDJ]

As Obama has indicated the underlying root causes of the Economic Melt Down have yet to be addressed and must be addressed if America is ever going to realize a sustainable prosperous economy.

Exactly what the Bush Administration did wa to allow the Wall St. Financiers to exploit the preexisting conditions as a means to finance the Iraq War. The Question remains will this administration or those to follow, allow the same chicanery to exist as a means to reduce the ballooning National Debt. Regardless of what ever hypothetical reasons you feel will persist the ends will be the same. The working class will continue to be ushered into a debt servitude / Class Warfare where the Multinational Corporations and Wealthy Elite continue to profit.

UnFair Trade Practices and the Skyrocketing Trade Deficit are destroying the American Middle Class



The same chart, adjusted for inflation, using U.S. Fiscal Year 2000 dollars. No real surprises here, this chart looks more or less like the one above.



GDP doesn't directly affect trade, but you can't export more than you make, and you can't import more than your economy will allow you to buy. This graph, then, shows how large trade has become in terms of to the economy as a whole.



Notice the "Balance" is in direct corelation to the "Real Wages" (buying power) of Middle Class Wages

This chart show the trade levels of the 20 top nations (sorted by Exports). As you can see, we export just sleightly more than Germany, but import a heck of a lot more.



You may notice than an earlier chart puts the US exports and imports at 10% and 15% of GDP. I believe the discrepancy is because that chart includes services as part of trade, and this one does not. What should really capture your attention is "None of our Top Trading Partners allow their Trade Policy to run a Deficit". The US on the other hand has suscumed to the idea that we can - and indeed the curent economic melt down is the defining proof that is failed policy



This is Class Warfare plain and simple

[endless october]

1. we sent away the jobs and gutted the unions.

it's been obvious for years what would happen if we did that.

they masked the effects with easy credit, so people borrowed to buy instead of saving and buying. eventually, the credit ran out.

coincidentally, our government is also doing the same thing with its own finances.

[spanone]

2. eight years of bu$h*/cheney

[Wapsie B]

3. 30 years of Reagonomics