Great comment. The quoted part is, I think, a precise description of the current economic situation and the body politic. Even if there was a fix, the climate prohibits it from happening.
And this part:
[quote=Arraya]Now, we are at another inflection point – where they are stuck in a crisis of creativity focusing mainly on trying to reinflate the bubble with a banking system that is faking it and a populace that is both commodity and debt saturated as well as there being no true engine for job growth.[/quote]
For too many years we have relied on growth (construction spending) being the engine. I’m living in Phoenix now, a city that for the last 30 years has survived on growth. There has been virtually no other significant industry. Without growth, much like my wrinkly neighbors to the NW in Sun City, it will wither and die.
What the country needs is something like a new iphone. Or better yet, a cross between a new blackberry and a new iphone. (I’m a blackberry fanboy, and I know it doesn’t really fit, eh. But there is good reason for including it.) Something that is affordable for the masses. Something that is a necessity for business as well. It belongs in a kitchen as well as an office. Something that is developed and constructed here. (Before the Israelis invent it, and ship it off to China for construction.) Something that i can plug into my business analytics models and prove to business managers that putting one in the hands of every employee will improve bottom line without costing jobs. It will save on power consumption and make Korean made 3D glasses obsolete. Students from K-graduate school will carry it to class every day.
And a jobs tax credit to encourage it to happen. Despite the fact that I have no idea what it is, problem solved.
