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bindlepete's  Instablog

Born 1933. Educated? Yes, they tried. Industrial Financial and Congressional experience as well as a personal business. Private investor since 1982. Pretty well fixed. Old enough to want to be left alone for the most part. Long history in environmental issues and energy. Interests - honest... More
  • Recovery ? To What?

    Sorry Folks it won't, indeed, can't happen  unless---

    We gain a new unsubsidized export manufacturing industry. Our cred has been destroyed so we can't borrow to import so we will have to match imports from low wage countries with something that they need and only we can produce.

    Got any ideas? I and the nation would like to hear them for to do anything more than stabilize at a much lower level of economic activity, as now measured, we need jobs in unsubsidized manufacturing to bring up the wages that will then be spent.

    More »
    Jun 27 01:58 pm | Link | Comment!
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