Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Anyone else losing confidence in the economy? I just don't see actual long-term business investments; I do see lots of financial gimmickry and reliance on government incentives.
I never saw it decline in the first place :S but I'm in healthcare, friends are in IT that deals with healthcare, and generally, the recession never hit the midwest that hard...
I see long term investments around town and in the stocks I'm buying up.
I never saw it decline in the first place :S but I'm in healthcare, friends are in IT that deals with healthcare, and generally, the recession never hit the midwest that hard...
I see long term investments around town and in the stocks I'm buying up.
I think the Midwest has been losing ground for the last 30 years. I had spent some time in the midwest many, many years ago. During the boom and well before the recession, I stopped by one place where I had lived. It was a lot less than what had been and a lot less than what would be normal on the coasts.
It didn't have the boom that the coasts did, that's why it didn't get hit by the crash as hard either... nothing new. I was just pointing out that the recession didn't really "happen" here. Unless you are saying it's always been "recessed"
It didn't have the boom that the coasts did, that's why it didn't get hit by the crash as hard either... nothing new. I was just pointing out that the recession didn't really "happen" here. Unless you are saying it's always been "recessed"
The Midwest is just a sad situation. Once upon a time it had the world's largest industrial base, millions of skilled workers, amazing transportation network able to reach shipping ports blessed by geography, and where there was not industry fertile land to the horizon. All that has been just left to whither away. Good for you if you are doing well, I wish more people there would be.
I do not see enough of the long-term investments and too much short-term profit taking by too many businesses in general. It is a fact that the average wage for Americans has stagnated for over 35 years when adjusted for inflation. So, many people are treading water at best even factoring in the present job market. Rural areas are really get hammered right now, with one of the largest out-migrations and declines ever seen.
Last edited by GraniteStater; 04-11-2015 at 12:12 AM..
I think it's all a matter of perspective. For the 1% or to be more exact the 0.1% the economy has been doing great for the last 35 years - their incomes rose briskly, their tax rates went down a lot and now they also control our politics via Citizens United. So all you have to do is see it from the 0.1%er perspective and things could hardly be any better than they are. Who is still interested in the 99% in this country anyways?
As an example - in the AZ state budget about 500 mio have been shifted from higher education to corporate welfare since 2008. That means we all have to pay way more in tuition for our our kids' education but the corporate owners which are much more of the 1% have been profiting greatly by this. Again, things could hardly be any better than this could they?
The Midwest is just a sad situation. Once upon a time it had the world's largest industrial base, millions of skilled workers, amazing transportation network able to reach shipping ports blessed by geography, and where there was not industry fertile land to the horizon. All that has been just left to whither away. Good for you if you are doing well, I wish more people there would be.
Get a clue. The economy is changing ... and it's been changing for decades, not just in the Midwest but all over the country. Listen to Bruce Springsteen's Born in the USA, whichwas released in 1985. Blue collar industrial jobs are never coming back because they've been automated or off-shored.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
