3 Homegrown Obstacles to the U.S. Economic Recovery

Forget Europe: Problems at home could sink the U.S. economy

December 2, 2011 RSS Feed Print

A political stalemate in Washington. Republicans and Democrats in Washington are in a political deadlock. Nothing can get done. A bipartisan panel charged with creating spending cuts in the wake of a debt downgrade has failed. Congress refuses to compromise on a number of issues, including the extension of unemployment benefits. Any measures aimed at stimulating economic growth have withered on the vine.

Republicans accuse Democrats of refusing to compromise. Democrats accuse Republicans of the same thing. It seems as if both sides are only capable of disagreement. The bad news for those looking for a job is that there is now is a sense in Washington that nothing substantial will be accomplished until after the 2012 presidential election.

@davidcfrancis

Tags:: employment,; economy,; money,; unemployment

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We need more money in the working economy.
A simple way to put money directly into the economy is to pay all federal employees, including people in the military, and all federal benefits like Social Security and Medicare payments in American money. Unlike Federal Reserve money, American money can be issued directly by the U.S. Treasury department without creating debt -we need not borrow our own money – increasing taxes or cutting any government programs.

BILL PARKS of MD 9:46PM February 08, 2012

I don't understand why the smoke and mirrors prices for homes is treated like the real value for the homes? Crooked banking practices and 'flippers' is the cause of the inflated prices.
Congress has been selling the working American people down the 'merry path' for a long time! The bulk of Congress is more concerned on how much money they can steel, than what is good for the American people.
No Country should ever be so tied too the world, that the people suffer for what another country does.
The stock market is the wizzard of the smoke and mirrors game. If 'big' fails, then so be it. Why does public money have to bail them out, wrong!
Oil should NEVER be on the futures market! The prices of fuel is artifically high, families, businesses, towns, cities, governments are going bankrupt---for what? So a few can make Billions of profit a quarter so the rest of us slowly loose everything? What good, when there is no Country left to spend it in?
Our elected leaders need to do their job, not parley their positions into untold weath for themselves at the expense of the people they were elected to serve! Then, on top of it all....they expect the Golden Fleece of 'retirement' on our dime. Really?

Victoria Valentine of MD 9:59PM January 06, 2012

What we need is government spending at all levels. We need to stop crying about exported jobs and have the government do what private money will not -- that is open factories to build TV's and other electronics in the US. We have one of the largest markets in the world if private money will not build what we need then public money must.

Bill Couture of CA 12:50PM December 03, 2011

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