America's Economic trouble show failure of "new economy", interesting

Okay here is an article. Actually it makes some sense when you think about it. An article in L'Osservatore Romano (The Vatican's official newspaper). Basically the article by an Italian Economist argues that the U.S.' economic troubles reflect an inherent weakness in the way our economy is structured. For example one problem is the idea of "jobless growth"- which means economic growth without any job growth. Also it says the economy is weak because it is based primarily on the financial sector and not on manufacturing, service and industrial sectors. Basically the result is that the money on wall street does not trickle down to the majority of American's thereby creating wealthy banks but leaver the consumer without purchasing power.

It's interesting, anyone want to tell me what they think? Is Consumerism a bad basis for an economy?

i would say hes right.

our economy is very whacky, if more people were able to easily start their own business it might not be so bad.

hmmm. I thought people would jump all over this topic seeing how everyone's all concerned about the economy.JoeRatz16

:lol: ? :lol:

I agree. It's sad how these stupid ass threads like "How do I bang my gf"? and "when is a good time to start masturbating can be more of importance to everyone than REAL and IMPORTANT issues that might result in the end of our economy as we know it. I'm not talking about a depression even though it's a possibility, I'm talking about socialist ideals trickling into our economics from now on. Can anyone tell me how many spheres of influence AIG had before the government had to buy it out? I'm sure they had their hands in everyones cookie jar..

I don't like this and yesterday Newt Gingrich was on Bill O Reilly saying that it didn't need to be done. Apparently, he was speaking for Ralph Nader and Bill Maher and John McCain because they don't like it either, a lot of people don't.

And before anyone goes and says, "Well most poeple here are in the 14-18 range.."

BULL CRAP!

There is no excuse for this kind of ignorance. No one is asking you to teach flipping Economics class here, we just want you to watch the news and try to understand what might happen as a result. Read the newspaper. JUST PAY ATTENTION FOR CRYING OUT LOUD!!!

Sorry, I'm just annoyed by this...

[QUOTE="JoeRatz16"]hmmm. I thought people would jump all over this topic seeing how everyone's all concerned about the economy.VoodooGamer

:lol: ? :lol:

I agree. It's sad how these stupid ass threads like "How do I bang my gf"? and "when is a good time to start masturbating can be more of importance to everyone than REAL and IMPORTANT issues that might result in the end of our economy as we know it. I'm not talking about a depression even though it's a possibility, I'm talking about socialist ideals trickling into our economics from now on. Can anyone tell me how many spheres of influence AIG had before the government had to buy it out? I'm sure they had their hands in everyones cookie jar..

I don't like this and yesterday Newt Gingrich was on Bill O Reilly saying that it didn't need to be done. Apparently, he was speaking for Ralph Nader and Bill Maher and John McCain because they don't like it either, a lot of people don't.

And before anyone goes and says, "Well most poeple here are in the 14-18 range.."

BULL CRAP!

There is no excuse for this kind of ignorance. No one is asking you to teach flipping Economics class here, we just want you to watch the news and try to understand what might happen as a result. Read the newspaper. JUST PAY ATTENTION FOR CRYING OUT LOUD!!!

Sorry, I'm just annoyed by this...

yes..so am I.

I like talking about important things like this so much, but I truly have to keep it to myself, not only here, but even when I talk.

Its like nobody cares whats going on, which they dont, which is disappointing.

yes..so am I.

I like talking about important things like this so much, but I truly have to keep it to myself, not only here, but even when I talk.

Its like nobody cares whats going on, which they dont, which is disappointing.

taj7575

I'm glad I'm not the only one. This is why people think were the most braindead nation on Earth. It's equally bad when you have people from India, a very poor and weak country, out-performing our students. :(

[QUOTE="taj7575"]

yes..so am I.

I like talking about important things like this so much, but I truly have to keep it to myself, not only here, but even when I talk.

Its like nobody cares whats going on, which they dont, which is disappointing.

VoodooGamer

I'm glad I'm not the only one. This is why people think were the most braindead nation on Earth. It's equally bad when you have people from India, a very poor and weak country, out-performing our students. :(

You have those type of people, because People from India are hard working and dedicated. For people from those circumstances, it's all about hard work and studies.

Oh...and India is not a poor and weak country anymore. It was never really a weak country.

There are still some small villages though.