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Intel - Economics
Real Economy

 

"In God we trust.
All others we monitor."

 

Economics | History | Intelligence | Military | Regions | Religion | Terrorism

 
    

 

Bailouts of Speculators But Not States
  • Bears Stearns got bailout, but US states that are practically broke are not bailed out
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Bankruptcies
  • Companies routinely file for chapter eleven bankruptcy
  • Even entire sectors, for instance travel, are in serious peril
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Budget Deficit
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Collapsing Tax Base
  • Service sector jobs not paying as well as manufacturing jobs
  • Speculation in financial derivatives is not taxed at all, thereby increasing the tax burden on legitimate business
  • Baby boomers on the verge of retirement will earn a fraction of what they were making when they were in their prime earning years, thereby contributing far less in taxes
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Currency Devaluation
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Financial Speculation
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Inflation
  • Education
  • Energy
  • Food
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Infrastructure Not Maintained or Replaced Adequately
  • Bridges far outliving their expected lifetime
  • Locks around Louisville not maintained
  • Minnesota bridge collapse
  • Potholes shooting out daily around the country
  • Water treatment systems built 60 years ago in need of replacement
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Job Outsourcing and Unemployment
  • Time that people can receive their eligible unemployment benefits is reduced
  • People who are outside the time frame for unemployment benefits are counted as having "left the workforce"
  • People who are underemployed counted in exactly the same way that someone working three jobs is counted
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National Savings Rate
  • Baby boomers have almost no savings
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Personal Indebtedness
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Post Industrial Drift
  • Casinos and Legalized Gambling
  • Dow Jones Industrial Average Not Very Industrial
  • Manufacturing Jobs Leaving United States
  • Service Sector, Call Centers
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Skilled Labor Shortages
  • Retiring baby boomers will lower the size of US workforce, mandating increased immigration to close the gap
  • Shortages in health care, especially in nursing, but also specialists
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US Trade Deficit/Gap
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