Why It Still Feels Like Recession To 95% Of America

[whoiswithme]

30. In the long run there is no other way

We, as a society, have created this global economy. Things like strong unions and government regulations are only useful in the short term against wage differences. How can we support paying people in this country $30/hr when other parts of the world are working for a buck or two a day? So workers form a strong union and save their jobs, but if the company can't product a profit or a quality good at an acceptable price, it goes out of business. So those are only short term fixes. We can change the tax code, but the fact is that if our economy falters and we are unable to sell our debt we have a HUGE problem domestically that can cause a major recession.

What is the long term fix??

I'm afraid it's learning how to make do with less. I am aggressively paying down debt and learning how to grow and can vegetables. We are preparing to be ready to go back to one income if need be. I'm not even convinced it would be a huge problem. It would cut our car and gas bill a lot, we wouldn't need to pay $20k/year for daycare, we wouldn't spend as much on food.

I wish I felt differently. I don't even think it matters who is the president or who runs the federal reserve, we can't keep spending money the way we have over the last 20 years without growing our economy also.