Comments on: America’s biggest growth industry: declinism http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/ Fri, 02 Mar 2012 16:13:53 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TomKi http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-70 Wed, 09 Nov 2011 03:41:45 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-70 Let’s review the past 2 decades. One can see a whole of lot bubbles, debt, .com & .house, recklessness, other runaway cancerous growths such as health care cost, etc.

What is the basis of all these ‘growths”?

I will pin the whole thing down to one thing. After the fall of the USSR, America got religious. Really religious. Yes there are TV evangelicals galore, Christian fundamentalism, Creationism, God this and Jesus that. But one religion, as it turns out, trump them all and contributed towards the sure path of national suicide.

Americans began to worship themselves. And when you worship yourself, you believe you can get away with anything. ANYTHING.

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By: evisu http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-69 Tue, 18 Oct 2011 18:18:39 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-69 America cannot overcome it’s own inertia anymore. I for one am very glad to see the greedy , gas guzzling, FAT nation called America , lose a bit of weight in all it’s areas. This earth which is in shambles , mostly due to the consumerism which is American, driven by americans and consumed by Americans. America consumed itself, with the biggest contributor being your government.

The baby boomers are coming home to roost as well, 10 000 a day for 10 years will start claiming social security and medicare/medicaid…. I liked the one comment “bailing out the rest of the planet” The rest of the planet is the only thing keeping America going , AMERICA does not make anything anymore….. The only thing America makes is debt, and more debt….

There is no such thing as too big to fail…..

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By: DrJJJJ http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-68 Tue, 18 Oct 2011 15:23:59 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-68 Minimum wage in most of our cities pays more than 90+% of all those working on planet earth make and we’re whining for more!

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By: DrJJJJ http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-67 Tue, 18 Oct 2011 15:20:05 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-67 Our government is 40% of US GDP now, that’s completely unsustainable and the reason conservatives have been screaming bloody murder regarding blowing a monster government bubble these last few decades! Asking what your country can do for you isn’t working-the results are in! Also, poor morals/ethics are beind most of this and a result of secualrization of church and state! When you invite hell into your country, don’t be suprised when all hell breaks loose!

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By: DrJJJJ http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-66 Tue, 18 Oct 2011 15:15:56 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-66 The muslim terrorist have cost us Trillions this last decade! Imagine our opportunity cost-what we could have done with the money/the muliplier effect of say 2 Trillion for job creation and tax revenue! Makes me think these countries should be forced to give up resources and pay us back for lives/services rendered and it’s THE reason to carry a big stick instead of walking softly! Evil cost all of us dearly -socially and finacially! The countries unwilling to step up and do their part to combat evil, should be isolated from the rest-it’s the only way to get them to conform!

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By: sculpin73 http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-65 Tue, 18 Oct 2011 15:15:45 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-65 Some good points in this article–Most alarming is that we are at debt of 100pct GDP right now and at the current pace will be where Greece is in 5 yrs at 1 trillion plus per year. That is what we need to address and fast. China, on the other hand is not the threat it is purported to be. Ask anybody who has ever gotten burned by a Chinese stock-China is one massive accounting bubble, shadow banking bubble, and realestate bubble getting ready to burst in the worst way. More importantly, China is not able to feed its people without foreign food that we supply. My opinion is that for every 1pct less treasuries they decide to buy than we might want to send 1pct less food to foreign markets. America still holds exceptional influence in commodities. What we need to do is fix our debt problems by first finding where the military is spending all of our money and reign that in. The time of off balance sheet emergency budget for wars is way past over. Then we can tackle the socialist cancer of entitlements and get this ship back on course!

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By: underwater555 http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-64 Tue, 18 Oct 2011 14:42:35 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-64 America is on the decline because of the choices it has made. If I may quote E. Franklin Frazier, noted sociologist and author of “The Black Bourgeoise” “when you make a choice, that indicates your values.” America continues to make choices, that truly indicates our values. Let the electorate decide our choices

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By: cwucnspt http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-63 Tue, 18 Oct 2011 14:36:21 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-63 In Keynes, the real world is in desequilibrium. Why? According to my math proof, change in savings is a function of income growth. If income growth is growing but declining then wealth and the economy is NOT in equilibrium and in decline. So, unless industry and government fix the underlying causes of the decline, U.S. economy will continue its declinism. See http://knol.google.com/k/savings-and-gro wth#

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By: Jrob http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-62 Tue, 18 Oct 2011 14:35:48 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-62 The Chinese workers (and all other cheap labor spots) will eventually demand higher wages and drive our labor force back to America. This is already occuring. It is the same evolution of greed that occured in America that will equalize the labor force.

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By: Talleyrand http://blogs.reuters.com/susanglasser/2011/10/17/americas-biggest-growth-industry-declinism/#comment-61 Tue, 18 Oct 2011 14:02:13 +0000 http://blogs.reuters.com/susanglasser/?p=29#comment-61 Oy, SanPa, journalists are not here to boost America, they are here to use their critical faculties. Alas, all the boosters over the past decades have merely hidden the fact that America was declining, declining. Whenever I told that to my fellow Americans, they’d say “If you don’t like it here, leave”…. That prehensile attitude is what killed the country, nothing else. I left in 1985, haven’t looked back. Had a moment of doubt when Obama was elected, but as soon as he started pulling in all those Wall Streeters and that ghastly, vulgar Rahm Emmanuel, I knew the country had reached the end. Corporate fascism took over, and from the other side we are getting Captialist Maoism…

We are …. I am not allowed to use the word…

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