Viewed
from the lowest rung of the economic bell the U.S. economy seems
disconnected from steady ground. It seems to be on intermediate range
shaky ground. The national labor supply has shrank to the lowest
number of employed since 1977 thereby shrinking the unemployment
statistics in a rather illusory picture of health. The nation's
public debt surpassed 18 trillion dollars. The Federal Reserve has
bought up all of the bad debt from Wall Street's 2008 debacle while
providing free money to the wealthiest banks with zero-interest loans
that let banks lend four or five dollars more or less minted out of
thin air for each dollar the Fed gives them.
That
money has gone into buying up all of the homes lost by Americans in
2008-2009 so they now belong to the Corporate world. Corporations can
invest the Federal cash infusion in Chinese investments, and with
China devaluing its yuan, can now buy more Chinese shares. China
wants to slow its own economic growth a little because of
over-production capacity-especially as Americans don't have much
money except for the rich and talk radio hosts generally.
The
entire policy is rather shaky and definitely not ecological
economics. There are no candidates running with solid understanding
of what ecological economic is. Maybe Amory Lovins should be hired as
a political consultant by someone-or people that have written
textbooks on ecological economics.
With
oil at 40 dollars a barrel the economic should be racing along
creating 300,000 jobs a month. Oil might not have been priced this
low since the 1960s. Probably it will be used in the third world
engines to deforest and accelerate dirty SUV exhaust and make that
portion of the economy grow around the world to buy cheap Chines
product. That is not a good direction for human life on Earth
environmental security prospects obviously-yet their is no leadership
on the political scene, and the Democrats are completely fake on
environmental economics doing just enough to get some environmental
votes with executive policy that is reversible and is does not
address the ecological economics reform required of the U.S. economy
anyway.
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