Recently aggressive legal alterations in the tax code, bankruptcy laws, and courts allowing corporations to renege on many employee agreements such as earned pensions have empowered greed to suck the blood out of the United States' economy.The monetary bowl within the United Sates is finite, especially today as our economy has not seen a major expansion in over 6 Years. As static financial sectors specifically oil, lenders, and housing artificially inflate their pricing; money is siphoned from other industries. This act of being ‘ripped off’ mixed with corruption renders normal economic checks useless in being able to keep our economy in balance. No wonder Former FED Chair Allan Green Span has retired.
In other words as one Industry increases its profit margins by artificially raising its prices, added fees, and variable rate increases it is tantamount to their actually cost of production decreasing. Specific industries engaging in these acts are: the Oil Industry, Health Care, Pharmaceuticals, Energy, and Military & Securities Companies. These practices lead to profits being taking from another industry either through direct business loss or indirectly thru increased cost of production (Ex: the Automobile Industry, Airlines). In essence causing a devastating negative economic prosperity busting domino down effect. A question for you? Has the U.S. economy expanded at a rate greater than prices in gas and housing? If your answer is no then I predict as of January 28, 2008 the United States is currently in recession.