Loose credit, easy spending and massive debt is what has led the world to the current economic crisis, spending is not the way out. The world has been functioning on a debt based global economy. This debt based monetary system, controlled and operated by the global central banking system, of which the apex is the Bank for International Settlements, is unsustainable. This is the real bubble, the debt bubble. When it bursts, and it will burst, the world will enter into the Greatest Depression in world history.

By the way, it’s amazing how the birthirs’ cause is helped by liberals – check on Politico, they just posted a video with Barrack’s aunt Zeituni Onyanga vauching for his legitimacy. It’s soooooo good!
One more supportive cameo of this sort and the WND petition will burst the One million signatures ceiling in a matter of weeks – if I were a liberal I’d intently hate Politico.
But I am not – so I throughly enjoyed it and disseminiate it.

Man! If I were a liberal I’d

Nonsense. Obama spends trillions and proposes spending many trillion more. So business IMMEDIATELY stop expansion knowing that radical tax increases and a slowing economy will result.

I wouldn’t say this is “Obama’s economy”, but it’s increasingly Obama’s lack of recovery.

Your argumentum ad populum fallacy is straining your six remaining brain cells, count them.

EVERY theory since Adam’s is just a way of guiding the unseen hand.

The not fun part of economics is the misery attempts to manipulate it cause.
Those attempts come about because politicians are control freaks. Voters vote their wallets more often then not. A control freak that depends on votes for power would want control of the source of most votes.
So that is why politicians that aren’t worried about losing control produce the best economies.
Bush was more worried about war, so he left the American citizens to do what they would. That turned out to be prosper, so there was a good economy.
Clinton never had a chance to control the economy, Congress wouldn’t let him. Ronnie wasn’t worried about the economy. He would have but it interfered with his naps.
Clinton’s ideas of economy never evolved past how much money the Saudi’s were slipping him under the table.
The US economy always works better when the politicians leave it alone.
That is why Biden would make a good President. He would spend his days joy riding in Air Force One and let the citizens take care of the economy.

“One of the reasons that we are seeing jobless recoveries is that many of those (college educated) folks who loose their jobs in the recession, have a skill set that is increasingly redundant as a result of technological advances.”

Good analysis and very realistic, I mean everything you wrote.

8. syn:

“I do not believe government’s 9.4% unemployment number is honest”

It’s always like double. Many people are no including in this calculation.

16. willis:

“One misleading aspect of the high degree of education of today’s workforce is the high degree of dilution that has been applied to that education.”

I agree.

35. goy:

“No surprise vivo is cheering this article. It’s nonsense.”

Many of your friends disagree with you, count them.

But there’s one big factor that Professor Kling fails to mention that seriously threatens his prediction of recovery: fuel prices. What pushed us into last year’s recession wasn’t the credit crisis, it was the world economy bouncing off of the gas ceiling. High fuel prices drive up the cost of almost everything. If the economy does manage to grow a little during the next year, it will only be until we hit the upper limits of our fuel refining capacity, and then we will find ourselves again with a flat-lining or diving economy. Wash, rinse, repeat, until we finally get a Congress with the economic literacy to remove the arbitrary restrictions the US government has placed on energy development.