Reply #21: your friend is wrong. [View All]

[Fovea]

Always is a lot longer than the last internet fueled boom.
The things that might revitalize our society mostly involve traditional industrial jobs. We also need a new energy pardigm in the worst way and transportation as well.

Because we do not spend enough to educate our children, we are already fallen behind in innovation on almost all disciplines. We would probably have to quadruple our investment in education to reverse the trend.

The decay of services is also apperent. We have outsourced so much that the economy cannot generate certain sorts of new jobs, when demand goes up, it only means more jobs are created elsewhere. Only health care is exempt, because it has to exist locally, and look at our health care system. This cannot sustain through 2004. There is not enough glue left for the economy, so much of it is being used to repair Iraqi infrastructure.

The American economy cannot exist without the middle class, which is collapsing. Sure the Uber-rich expect to ride it out. But I suspect they are not going to get the economy hot enough to elect the chimp next year. I also suspect they are wrong about riding it out.