It seems we lost over 50 million jobs in the past three years and they either were phased out completely or hijacked overseas to where cheaper labor is available. The small one person businesses felt the squeeze by having to downsize further, if that is possible or going out of business all together. When I try to analyze why all this happened, I figured it was just the “coming storm” from the mortgage debacle combined with the banks and traders going south because of plain old greed.
Well the way I see it, it was not only the combination of all the above, but the world in which we are now connected into that bought our whole country down. We are a country of consumers. We consume more than we put away for a rainy day. It is the nature of the beast in the USA. That is how we managed to flourish in our way of life. We could see no end to the paradise that we had built for ourselves. But the total combination of all that went wrong with the banks, the credit card companies, lax government regulations, the stock market and our spending habits contributed to where we are now. It is not only in the USA, we have fallen from our economic mountain because of our situation along with the world countries that were tipping over with their own financial problems too.
But with all this mess, when are the jobs coming back? It’s no secret that we need housing values to come back and jobs to come back. When both of these American institutions return in full force, our economy will blossom again. Well, the more that times go by with no change in our housing and jobs market, the longer it will take to recover. Some experts are telling us we should be back to where were in the year 2015.
If the government doesn’t continue to meddle with our economy, I would think we could make full recovery by 2013. It would take one more year until the jobs are going to loosen up from the companies who, right now can afford to hire, but are playing “caution in the wind” right now.
I know, no one really can’t predict the economic recovery, and probably not. This is not science, this is an art of bringing various things into play so that we have the perfect condition for a real recovery. Time will tell. I do have optimism that we should see some light shine through in 2013.
What’s your opinion? Make comments here please!
Filed under: down economy, new economy, USA Economy | 2 Comments »
