Reply #46: Because in reality, there was never a recovery to begin with, [View All]

[MadHound]

The only "recovery" was in the financial sector. So while the uptick in the financial sector helped buoy up the numbers and talking points that there was a recovery, out here in the real world, there was no recovery whatsoever.

Instead, we have continued to bump along the bottom, hammered by what is, in reality, double digit unemployment, rising prices across the board, a glutted housing market, a decreased manufacturing sector that is getting smaller everyday, and if you are lucky enough to have a job, watching your real world wages continue to slide.

The steps that the Democrats and this administration took were too weak, too little. What is needed is a serious job creation program that is on par with what took place under FDR. Furthermore, steps need to be taken to bring back our manufacturing sector, and one of those steps shouldn't be simply continue to decrease Americans' wages until they're on par with India. Rather we should yank China's MFN trading status, put serious taxes on corporations who ship manufacturing overseas, and even possibly instituting some import tariffs.

Otherwise we're going to suffer an ongoing erosion of wages, quality of life, and the middle class. There will be no true recovery, just prolonged agony.