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The following blog post is my inspiration for this post. A bogus argument, repeated incessantly by many people, including Bill Gates, politicians, and this myopic blogger over at TechCrunch. I actually wonder if she is this ignorant, or she just wanted to make everyone mad.
Foreigners Attending US Grad Schools Way Down: Wake Up, Xenophobes
To begin with, I am highly offended that because I believe in enforcing immigration limits that someone would call me a xenophobe. People should not throw the “x” term around as if it is candy. It is plainly insulting. Continue reading 'The baloney of “We need more skilled immigrant technology workers.”'»
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I have a theory that I wish to share with you. It has arisen due to President Obama, Ben Bernanke, and other fearless leaders talking of the recession ending this year, and a recovery happening next year. I do not think the recovery schedule will be that fast.
Everyone and their mother are presuming that the classic American economic growth patterns will take hold and will severely limit the recession.
The experts among us should take a second look. Most people in America already have a washer, a dryer, a radio, a television, and possibly a computer. Our economy is based on the flow of goods, and for the above reason, I do not see a great increase in sales in most sectors for the near future. We would need a post-World War II era manufacturing boom to relieve the country of this severe economic turmoil, and it is not going to happen. Even if it did happen, the United States no longer makes most of our staple household goods, so most profits would flow right back out of the country. Additionally I think there is little trickle-down effect from the service sector, which comprises a large portion of our economy now.
President Obama’s ratings are going down slightly in some areas, especially those areas hit hard economically. I predict that by the end of this year, when average people see no financial relief in sight, President Obama will become perhaps the earliest lame duck president the country has ever seen. When he campaigned, the words he spoke made it sound like there was great hope on the way. While I hate to be negative, I really do, I write what I think and this is the direction I see: A prolonged U.S. recession and a great deal more suffering for the many people in financial trouble.
If you could prove me very wrong, believe me, I would rather have the good news than believe all of these negative thoughts.
JBM
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