There have been doomsday people left and right for the past hundreds of years. I heard a guy like this on Bloomberg radio and it sounded like he was about to die. Most of that article can be summed up with this saying: "Statistics don't lie, but liars use statistics."
Quote:
|
America's so-called first world superpower economy was only able to create in December a measly 12,000 jobs in goods producing industries
|
The author can't seem to come to fruition that America is becoming a service based country. No longer do the people want to work in factories with dim lighting where they have to stand on their feet all day and do manual labor. Is that a bad thing. I'm sure 60 years ago there were people complaining about the massive decline of farmers in america. We literally went from 60% of the population being farmers to 2%. (Those aren't accurrate numbers -- but based on my memory).
Regardless, our economy is doing fine but at the same time you can always improve it. Less government spending and lower taxes would be one of the solutions.