Reply to Are we headed for a couple of lost decades?

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[quote=Anonymous][quote=Anonymous]When you look at:
- manufacturing jobs that have left US since 2000
- decline of unions (look at Caterpillar and union capitulating
- fact that demographics are driving part of economic woes (see NY Times article)
- stubbornly high unemployment

Is the economy ever going to grow again like the late 80s and late 90s?  What is going to drive that growth?[/quote]

I'm actually quite optimistic for a number of reasons including:  the domestic natural gas/oil discoveries that will be a huge boon to consumers and manufacturers; aging population hitting China now with their own wage inflation, mitigating their 20 year advantage; our opportunistic capital markets (name another country that could have a Facebook?); our likelihood to solve budget issues well ahead of other developed countries.

There are other reasons but they trend to the interplay of policy and politics and I really don't want to get flamed by the kneejerks on either end of the spectrum.  been there, done that, and it gets tiring.[/quote]

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