To fix the markets people have to start buying stuff again.
For people to start buying stuff again, they need some jobs.
In order to have jobs, we need either to bring manufacturing back to the US or find a new industry to tap into and fast.
Wait until later this year when all the credit card defaulting starts happening. That's the new prediction, people are relying too heavily on their credit cards to see them through, with no dollars at the end of the rainbow.
Actually with just 10% unemployment it's not so much the jobs that are a problem Miss, it's more a matter of people not knowing what half-wit ideas D.C. is going to spit out next, and thus not able to be confident enough to actually start purchasing.
I mean, right now I'm thinking that
1. I'm going to get dinged by higher energy prices in the future (Obama's idiotic Environmental Policies)
2. The state might resort to the idiocy of raising taxes again.
3. Or the Local Municipalities might do the same.
About the only people I see winning in this entire situation are the bureaucrats. The poor are getting a head fake, as is the middle class. Obama is giving us a tax break, but taking it right back with a tax hike (or what amounts to a tax hike) on energy if he can get his loony Cap & Trade program passed.
Then there's the fact that if the energy company is forced to pay uneconomical rates for energy produced off grid via Solar or Wind, then they will probably hike rates again, which will probably spur more mal investment in Solar and Wind, resulting in even more rate hikes, creating an inflationary spiral in energy prices. Even if it tops out at an additional $50/month/400kwh then that's another $600 that's getting ripped out of everyone's pockets. The people that are going to get hurt the most are the poor, and middle class.
There's also no telling what the Cap & Trade regulations will do. It's possible that it will result in charges of another $10 - $50 a month by itself. 300% Inflation in Energy Prices due to government regulation, would suck.
It would also mean that the poor and the middle class are getting bent over by the government to a tune of $100 - $700/year in the worst case scenario, possibly more in the case of those with families.
Of course, this likely means that the states and cities will raise taxes so they can help the poor pay their utility bills. So the only people that are going to get shafted are the middle class.
Typical.
Under Bush, The Rich got Richer, the Middle Class more or less stayed the same, and the Poor stayed Poor.
Under Obama the Rich are probably going to get Richer, the Middle Class is going to get poorer, and the Poor are going to still be poor...
I still can't understand why politicians still hire economists that believe in Keyne's Policies, the last 70 years seems like a pretty good case against fallacy-laden Keynesian Economics.