This is an abnormally lengthy recession. Have you wondered why this recession is lasting so long?
BekindtoAnimals22 Asked: This is an abnormally lengthy recession. Have you wondered why this recession is lasting so long?
"At the time of writing, and in the wake of the global recession, governments across the world are implementing stimulus packages aimed at reviving their national economies. The world recession of 2009 has focussed political attention on job creation and the role of the green economy in this. Both Prime Minister Brown in the UK and President Obama in the USA have signalled the important role they see infrastructure investment, particularly in renewable energy and energy efficiency, playing in creating the switch from an industrialised old economy to a slimmer, greener one.
Various forms of green investment are under consideration not just to create jobs for unemployed automobile workers but to re-fashion economies in new sustainable ways. The new 'green collar' jobs will be in wind and solar electricity generation, in public transport (particularly urban metro systems and high speed trains), in upgrading water networks, building hydro-electric dams for both water storage and power production, and in improving the energy efficiency of existing buildings. Obama wants government buildings to be the initial focus of this re-direction of resources and policy, tackling he says the poor energy performance of federal and state property, and then to address the poor infrastructure of 'cities across the land'.
The USA has a lot of catching up to do compared to Europe and Asia. In many ways the current (2009) recession gives society time to take stock and to rebalance the equation of economic, social and environmental sustainability."
http://www.thenbs.com/topics/Environment
Obama does not want manufacturing in this country.He has no intention of letting our economy expand unless it is in the areas of his choice and he will regulate the remaining manufacturers in existance out of existance one way or another.Note it says green jobs for workers displaced from auto manufacturing.
"Prime Minister Brown in the UK and President Obama in the USA have signalled the important role they see infrastructure investment, particularly in renewable energy and energy efficiency, playing in creating the switch from an industrialised old economy to a slimmer, greener one."
This is what destroyed Spain's economy.
Answers:
Thank you for the Question/Observations.
The reason for the length of the Recession, which basically followed another Recession all come down to Confidence.
We all lack Confidence.Businesses have no Confidence that the Government will make the environment friendly for expansion due to possible large increases in taxes and new Regulations flying out of DC as fast as the printer can print.
US Investors have not Confidence in Europe's Financial Stability and Future, nor are they Confident that the US is not following the same path as Europe, nor that we will get our National Finances in order anytime soon.
Our Citizenry has lost Confidence in The Governments Ability to Govern and make wise decisions on our behalf concerning spending or taxation.We've lost Confidence in our Unions ability to look out for our interests, and lost Confidence in the entire Banking and Financial System from the The Fed on down the line.
We were once the Proudest, Most Honorable and Confident Nation on the Planet.In the last several Elections, (except for Mr. Reagan)We have not elected a President that inspires Confidence.They may have all been Highly Educated and from the Right Families, but they all have had the Shyster Lawyer Persona, rather than the Moral, Decent, Hard-Working Realist that we need to Inspire Us.
It's all in our hands.We need to start electing representatives that are NOT in the mold formed over the last 3 decades.We need some truck drivers, auto makers, nurses, and school teachers in Washington, DC.People who will look at policies that help all or most of us, rather than Electing someone who will look out for my specific special interest.
Thanks for the forum.The Short Answer would be that we will continue to be in Recession towards Depression, until a few Leaders emerge, that will make tough, unpopular Choices, but that show compassion in doing so and choices which show Decisive, Immediate Results.
Americas economy is broken, the debt is out of control. Only printing money has staved off a total collapse of the economy, this recession will soon be a full blown depression, worse than what happened in the 1930's.
The obstructionist are behind it. Remember the non-issue debt ceiling and the comments by the leaders of the right to stop growth and prosperity at all cost.
Marxist Obama…
Lasted so long?
Because the damage is worldwide and more then likely only a major war will get us out of it.
Just like the 1930's.
Prosperity and big government will never be at the same time.
Sounds like a pipe dream to me. We Cannot build an economy around freaking green jobs. Most of the tech is in its infancy.
A major transition is occurring.Most poor paying low education requirement jobs have moved to countries like China, South Korea, and India.Only those with a 4 years college degree have a relatively normal unemployment rate of 4.2% or lower (varies with occupation).This is not going to change and basically the jobs that only require a high school diploma in the USA are gone forever.
Got a better answer? Share it below!
No related posts.
