patrick.net

Despite all the "efforts" to improve the economy, I strongly beleive it will not anytime in the near future for several reasons:

1. Republicans don't want to do anything that will improve the economy since that will help Obama get re-elected. If he is re-elected, they will refuse to do anything that coudl remotely improve it during his 2nd term.

2. Jobs are being outsourced at an alarming rate and they are NEVER coming back.

3. Immigration: Each month, more people immigrate and come to the U.S on work visas than the number of new jobs that are created monthly. So even if we see an increase of jobs, when accounting for population growth, we actually lost jobs.

3. Corporations want the economy to stay weak since it ensures they have a large pool of cheap labor. If the economy improves, labor costs increase.

4. Austerity: We are now starting to see spending get cut singificantly and this will obvivously kill jobs... not just public sector jobs, but private sector ones too.

5. Hosuing: Until the housing market improves, the oerall economy will not. The two are tied together. Currently, all govt. eforts to stimulate the housing market have failed.

6. The next generation of workers are graduating from college with unsustainable amounts of student debt that will strangle them for decades to come.

#housing