tag:blogger.com,1999:blog-502356674750161309.post1608688255638451304..comments2008-12-21T17:48:42.103-08:00Eric deCarbonnelhttp://www.blogger.com/profile/08023745289801416061noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-502356674750161309.post-25638867685958918712008-12-21T17:48:00.000-08:002008-12-21T17:48:00.000-08:00The irony about this is that everyday in everyway we get weaker and weaker as we put off this economic correction.<BR/><BR/>Even if we can get the money to "invest" in American infrastructure from foreign lenders, we're going to have to import most of the matierials from abroad since we have no productive capacity.<BR/><BR/>So once again the Federal credit card comes out and puts us deeper in the hole. Imports will explode with an economic recovery and exports will trickle down to nothing (because we'll be using all that exporting capacity for domestic consumption.)<BR/><BR/>There is no way around this, we are going to suffer a significant standard of living decline. Spending money we don't have on infrastructure "bridges to nowhere" is not going to help and will result in special interest pandering, corruption, social political disatisfaction and instability.Anonymousnoreply@blogger.com