All are helpless to protect recession. If we go to a departmental store for shopping, we find most of items are made in China. If there is a problem in a credit card statement and we call to a customer care. This call is pick up by an Indian.
Outsourcing is a new cancer for the US economy. If you want to protect recession, stop outsourcing.

I’m no economics guru, nor savvy politician, but if none of these types have really seen the “handwriting on the wall” heretofore, why should we give ear to their clamoring now? I’ve tried to warn those who would listen. It’s too little, too late for human reparation, it will take Divine Intervention. This may sound trite, but all human efforts have failed and fallen short, and will continue to do so. Gov’t & corporate greed and corruption prevent any real altruistic long-term solutions from ever taking place. Social and economic turmoil will grow increasingly traumatic for every American. We are only seeing the beginning of the unraveling.

The following facts have long been ignored, are accumulative, and are taking us to ruin:
1) Many American industries (automobile, medical, computer, textile, farming) have been dying a slow death for years. Their putrification is now mingling with the rest of our nation’s woes. We manufacture nothing of note to sustain our economy, we import everything, even our Levi’s jeans. Your particular industry, job and/or economic/financial status may not have been directly or indirectly affected greatly yet, but it will…
2) The housing industry has gone down the toilet of late. Recent developer bankruptcies have already affected thousands, if not millions, nationwide.
3) The sub-prime mortgage crisis has yet to reach critical mass. 26% of outstanding subs & ARMS come due the first half of 2008. Already, major banks,
WORLDWIDE, are taking huge write-downs ($Billions), with more every few weeks. The residual fallout is already affecting other parts of our nation’s economy beyond the financial sector. Foreclosures & bankruptcies are at record highs each month, everywhere. State & city operating funds across our land are either frozen or broke due to prior investing in the sub-prime market. Entire suburban city blocks are vacant and fostering crime, arson & drug use.
4) Inflation, including consumables & gasoline, has been running over 7%. (The gov’t falsely deflates the % to the core index figure by not using food & gas.) Milk near or over $4/gal, Eggs nearing $3/doz in some areas, many vegetables exhorbitantly expensive. Gas is predicted to rise without end…
5) Our national, foreign trade, & consumer credit debt are beyond recovery. We are a bankrupt nation now and for all future generations. Imagine what
happens when our Gov’t cannot borrow any more foreign money, Treasury notes are worthless, and Social Security is gone. It’s just around the corner.
6) Foreign ownership of US businesses & real estate is the highest ever, and increasing daily thanks to our failing dollar. The dollar is now at historic lows against major world currencies, and will continue to fall. OPEC, and other countries are moving (running!) away from the dollar as the world’s benchmark. This will cause our inflation to keep rising, and feed into national recession/depression.
7) Gold & oil prices are nearing and/or breaking record highs, even accounting for inflation. The stock market has tried to build on false hopes, but the house of cards continues to fall apart.
Americans are taxed, overall (federal, state, local, real estate, ad valor um, sales, excise, fees, fines, penalties), to nearly 80% of their income (highest in the world, for a “free” nation). Gov’t dependency grows while personal freedom, responsibility & accountability are long gone.
9) Violent crime is more rampant and shocking each day. White collar & gov’t corruption go largely undetected or, are prosecuted lightly. More sex crimes & pedophilia in gov’t & education are reported than ever. Prison populations are highest ever and over-flowing. Threats of foreign & domestic terrorism, never envisioned thirty years ago, are daily occurrences. Radical Islam now infects and affects every continent on the globe and is increasing.
10) Moral, ethical & spiritual deterioration nationwide is now the highest in American history. The failure of our educational system shows the absences of moral and ethics teaching & accountability in our administrators, teachers & students. The rise of atheism, agnosticism, Satan worship, witchcraft, false religions, paganism, & pseudo-Christianity across our nation is beyond measure or comprehension. Church and Synagogue attendance are at all-time lows, and moral & ethical absolutes are no longer that. Even among professing Christians, fewer than 1 in 6 (

I think that Charles makes some good points, sans the christian ranting.

Americans consume too much. Nothing you buy is produced locally, unless it’s “organic” or “farmer’s market” produce. This is not sustainable.

People drive too much, but it’s unavoidable in a country that was planned (or unplanned) for the automobile.

And wake up. Gas is CHEAP in the states compared to almost everywhere else on the planet. Here in Holland it is $8 a gallon.

My plan for a recession/depression is to stay in Europe and earn Euros.

I agree that we have outsourced ourselves way beyond that which is wise! If China cashes in on everything she owns in our country, what then? With American companies sending our jobs to Mexico, how are we supposed to survive? Everytime I fill up my gas tank I have to ask “what gets cut from the budget this week so I can afford to drive my child to school or to the doctor’s office?” AND WHO IS GETTING THE MONEY I AM SPENDING EVERYTIME I DRIVE OUT OF MY DRIVEWAY? Why don’t we crank up a few of our oil rigs we have and supply our own oil instead of depending on countries that murder their own citizens? It sickens me that we support countries
that use our money to strenthen there ugly ugly regimes of murder. God help us use our brains and start taking care of America so She can be strong enough to sustain Her own and to help countries that really need the help. We are in big trouble and those who have their debts paid off and cash reserves built up stand the best chance of making it through this storm.

“Pitch ins” are a great idea! As one blogger stated: “Be kind to one another. We are facing tough economical times.” This attitude helps ease frustration and is actually very “scriptural.”

Presently the federal folks are contemplating sending each household a check. They anticipate we will go out and spend. Our spending is supposed to stimulate the economy. I will put mine in a money market account that pays interest. That may not sound patriotic but I think that, in looking out for my family and our future, the interest might buy a loaf of bread or a gallon of milk; while the $1600.00 earns food for my family I also have the peace of mind that it’s there to make a mortgage payment if necessary.

Find the highest paying money market accout that lets you write 3 checks a month and has a lower minimum balance requirement. Some require only 500.00 minimum. This will allow us to increase what the government gives us without tying the money up. It adds to our personal cash savings, something most Americans have neglected.

IT IS NOT TOO LATE! Get started now on an AGRESSIVE expense cutting, debt paying, cash saving plan. SAVING is our “salvation.” SPENDING is what got us in this mess to begin with! Again, this may not sound patriotic but if the federal folks would follow this plan our economic situation would not be the present crisis.

“God keep us and give us wisdom from above and help us show His love in these troubled times.”

I would like to post a positive comment, even though I agree with most of what has been said. I feel that we as Americans are the 300 million people in this world that stand to benefit from the effects of over-consumption - namely, because we have “been there, done that.” We are as a society starting on the downswing of the pendulum - finally, the realization has come for many of us in this country that we CANNOT continue to consume in the same way - which countries like China and India CANNOT appreciate, because they are just entering the over-consumption phase in their respective countries after years of material deprivation. I think we stand to gain as a country from this collective experience. Who hasn’t looked at their house and its contents and said, what am I going to conceivably do with all this stuff? Our job is now to train all of our children to reduce, reuse, recycle.

I am appalled at our generations lack of discipline. My father
owned a 7 stool restaurant throughout the “Great Depression” managed
to survive by selling nickel hamburgers while overcoming paralysis
from polio. My mother raised chickens to survive World War II. They
kept building their restaurant business by only taking money for the
family out of the juke box in their now 100 seat 1960’s style supper
club and bar. During my childhood I thought they were rich because in
their dresser drawer were never cashed payroll checks made out to
both Mom and Dad instead of cashing them all of their money went to
build the business. With a new fully booked 24 room motel and now
famous brand new supper club swarming day and night with customers
times were finally flush. My Dad decided that he and Mom could go to
the bank and cash their payroll checks. The banker said I cannot cash
these checks they go all the way back to 1934 this 1964, my Dad said
their from our account the taxes have been paid, the social security
has been paid give me my money after a bit of haggling my parents
had $80,000.00 1964 dollars in cash. Now life was good with new
Cadillacs, vacations to Vegas, lakeside cabins, and financial security.
Their generation built wealth the old fashion way they ran a
great business, worked round the clock, saved their money for
reinvestment and then enjoyed retirement.