Inflation is inevitible. I'm more concerned that the American public can't understand that 1+1=2.
I wrote this on 10/18....
Or we can just keep blaming the party in power and fooling ourselves. But this economy isn't going to recover unless something the govt does something that counters this affect. And that may just mean the fed injects more money into the economy. Countries dependant on our exporting dollars may prefer that to drying up the well or protectionism.
We need an economy that supports jobs at all levels of skill. We cannot depend on a small segment of the economy like tech to carry us. And the service sector does nothing to counter the trade deficit. The world doesn't depend on China as an monetary standard because China consumes money, while we export money. Printing money and devaluing saving is the only way we can continue to export money. We are just staving off economic disaster with economic decline.
The only reason I voted in this election was to vote against have a crook for Gov. We got the crook but at least I can say that I voted against him. I'm all for giving the Republicans another chance to show that their economic principles are just as big a failure as the ones that came before.