The productive elements of the US economy are caught between powerful financial interests, e.g., banks seeking speculative gains, political constituencies seeking entitlements and government entities at all levels whose budgets and deficits are too large compared to their revenues. All three factions...
Posted to
Hera
by
Ron Hera
on Mon, Jul 19 2010
Filed under: Federal reserve, debt, GDP, Asia, Asian Tigers, China, central bank, Federal Budget, unemployment, Deindustrialization, Bailouts, Capitalism, Corporatism, Trade Deficit, Socialism, Totalitarianism, Offshoring, Outsourcing, Service Economy