Quote Originally Posted by BanginJimmy View Post
Cant agree with you on this. W and Clinton economies were based on bubbles, not sound fundamentals. We all know the end results of those bubbles.

We need to get back to the economy we had in the 50's and 60's. Sound fundamentals and massive expansion of the middle and upper classes which leads to high demand from stable companies. The question is how do we get back to that and I dont have an answer. That period was based on manufacturing and today the American worker is too expensive for most of the manufacturing industry. I tend to think that if the US is going to see another golden age, its going to come on the back of a new technology and/or service that isnt feasible to import.
Would you take 10 years of stagnation and massive spending

or

8 year cycles of incredible booms, and then 1-2 years of busts.

Id take the boom and bust cycle. Mainly because 50-60s economy isnt feasible anymore, americans dont want to work those jobs anymore, unions have destroyed american manufacturing.