Sour grapes?
Eisboch wrote:
No sour grapes on my part. I hope that the policies of the current
administration result in a strong economic recovery relative to current
conditions. They almost have to, by default. It couldn't have become
much worse without complete collapse.
That said though, I wonder what the "new" US economy is going to be
like. Will it return to a robust, growing and healthy economy that led
the world or will it re-stabilize in a much more anemic form dependent
on government spending, financing and oversight?
Eisboch
I'm not so sure our economy was robust, growing and healthy in recent
years. An awful lot of it was based upon greed and credit, not
innovation and sale of product.
One guess is that there will be a lot less trust in the future of
financial institutions of every kind.
Unless the middle class recovers, what recovery there is will be for
nought. An economic recovery in which only the wealthy make out is not
worth sacrifice by the rest of society.
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