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From Mike Stathis - Old Economy (post WWII) vs NEw Economy

America’s “Old Economy” created good jobs during a period when U.S. imports were in high demand around the world. As a result, America was the world's largest creditor because it served as the global leader of manufactured goods; real products needed and demanded by the world – the best automobiles, consumer appliances, textiles, and basic materials.

During the "Old Economy" Americans had a healthy savings rate, a one-income household was the norm, healthcare and higher education was affordable, there were no credit cards, there was no need for cheap labor off the backs of illegal aliens, and America was a net exporter of crude oil.

America’s “New Economy” is now characterized by a service economy that’s based on scavenging wealth from the huge Ponzi scheme designed by Washington.