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<p>[QUOTE=&quot;Vess1, post: 889385, member: 13650&quot;]Totally agree.&nbsp; The news hammers the idea of the economy relying on consumer spending so often, that eventually, nobody questions the logic of it.&nbsp;&nbsp; &quot;It&#039;s just the way things are.&quot;&nbsp;&nbsp; That reliance is a failure.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp;I&#039;ve heard that the economy would need to add 300k jobs a month on into the foreseeable future, to ever have a chance of getting back where we were a few years ago.&nbsp; I don&#039;t see that happening.&nbsp; I don&#039;t know how it can.&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>&nbsp;&nbsp;&nbsp; One small example.&nbsp; I know somebody who has a family member who works for a company designing trusses for the past 20 years.&nbsp;&nbsp; (When I was in highschool 12 years ago, this was ran by some of us as a good career.)&nbsp; &nbsp;&nbsp; The place used to employ around 50 designers.&nbsp; All well paid.&nbsp;&nbsp; They laid off everyone except this guy and one other a couple years ago.&nbsp;&nbsp; Kept them on strictly for jobs that needed quick redesign or custom work.&nbsp; The rest of the every day stuff is shipped to India where designers and engineers do the work for .30 cents on the dollar.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp; Not only are all those people who were in the middle of their careers out of work, but people graduating from highschool/college, no longer have those positions available there as a future prospect.&nbsp; &nbsp; This is just one tiny example of course.&nbsp;&nbsp; But a widespread scenario facing&nbsp; the country. </p><p><br /></p><p><br /></p><p><br /></p><p>&nbsp;&nbsp; Yup, it did.&nbsp; And I&#039;ve heard from various sources that the banks know this thing isn&#039;t over yet.&nbsp; So they&#039;re taking a large portion of what they were loaned (at ZERO interest from the Fed of course) and purchasing government bonds with the funds!&nbsp;&nbsp; They&#039;re making a small but guranteed return or around 3% interest on the loans.&nbsp; But with that much money, that can be significant.&nbsp; They&#039;re trying to save up as much cash they can call their own as they can.&nbsp;&nbsp; BTW, the interest they&#039;re earning buying those bonds is money the government (taxpayers) owe to them again!!&nbsp; Even though they borrowed the money at zero interest to do it.&nbsp; &nbsp; It&#039;s free money on our backs again.&nbsp; &nbsp; Sure.&nbsp; Why not?&nbsp; </p><p><br /></p><p>&nbsp; Have also heard that if all that bailout money would have been doled out to the public, that inflation (in turn, PMs) would be skyrocketing right now.&nbsp; But since it&#039;s tied up in the banks, it&#039;s as if it doesn&#039;t exist.&nbsp; For now.[/QUOTE]</p><p><br /></p>

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