Scars Left by ‘Great Recession’ Will Be Hard to Erase

It is painfully clear that the people who posts such idealologies about the "rich" are rich themselves. The Richest of the Rich do NOT pay taxes because they're are enough loopholes in the system to ensure they do not. The lower middle class that you speak of that pays Zero tax - their total income tax refund (w/EIC) is less than what you earn in an entire month! Its the middle-class that makes too much to qualify for the EIC, but not enough to Itemize Deductions to reap the tax credits that the Upper Middle Class is entitled to. And Corporations DO need to pay their fair share of taxes, as the majority pay $0 - Exxon/Mobil - $20B in profits - zero in 2010 taxes!

Outsourcing should be illegal. In the last 10 years, Corporations have stock-piled Billions of $ in savings using slave wages abroad - until those people were given H1 Visas and took US jobs away. Now, with record profits, and the 2010 Jobs creation act - they just refuse to create jobs to keep their own profit margins high! All corporations have the ability to hire, and, despite the tax incentives, they're just greedy/selfish! The recession will get worse, Corporations will raise their prices to keep their profits aligned with past performance, and the rest of the unemployed will Not be able to purchase goods/services because of lack of disposable income. Eventually, those same greedy corporations will loose because the influx of the unemployed will force them to lay-off due to low sales/purchases - the vicious cycle has begun people. CEOs and Congress need to audit US Corporations and either make them hire US workers, or repeal the 2010 Jobs Creation Act by Forcing them to pay their Fair Share in Taxes... they can't have it both ways.

what utter vacuous nonsense! lehman bros, bear stearns, aig, citigroup, countrywide, bofa, etc. did not throw up the white flag in 2008 because of a lack of infrastructure but because of the all too foreseeable consequences of a housing bubble bursting and the credit crunch that went with it thanks to the shenanigans on wall street. i read two and a half years ago that every post ww2 post-recession recovery was led by housing and all of the ancillary benefits that brings; new families, children, new schools, stores, construction jobs, electricians, plumbers, roofers, architects, real estate agents, home depot/lowes stores, optimism regarding the future, etc. etc. until we reach a bottom regarding the fallout of 08, fix the foreclosure mess and see home values start going back up, there won't be a recovery. bailouts, stimuluses and more shovel ready projects to nowhere won't work.

If obama hadn't spent so much money, the Congress wouldn
't have such a hard time raising the debt ceiling.

People spend far too much energy worrying about succesful, wealthy people which can be explained by envy. We need more succesful wealthy people in this country. It is not the role of government to redistribute wealth, rather to protect it. If we had smaller government with less spending we would be sowing the seeds of the next economic expansion. Obama and company are throwing a wet blanket over this recovery with regulation, obamacare and refusing to cut the credit card. At some point we will come to this realization as a country, that payroll cuts and irresponsible spending programs offer only temporary support. This recovery is going to be slow and it is painfully clear that it has not materialized becuase of policy mistakes in Washington.

This article is Just another discription of the symptoms. It totally ignores the cause of our economic crisis.
The key to recovery is employment. Real employment that produces real products. Present government policies encourage foreign production. Presidents cannot create meaningful jobs. Hiring more government workers only exacerbates the problem.
1. We MUST stop givng tax credits to companies who invest overseas.
2. Instead of selling bulk agriculture products like corn, we should only sell finished products. The corn should be only sold as cornmeal, cornflakes, corn syrup, etc. That is only one example of how to increase employment and increase sales of american made machinery.
3, We must stop borrowing money and giving it away. American aid first or there will be no foreign aid.
4. The american dollar represents the value of american labor and shoul not be so easily devalued. Anything, including the dollar, that continues to become worth less will eventually be worthless. James E Gambrell

If the budget is not balanced they are not doing there job!

The sad thing is we will probably have to go through a fiiscal austerity period the likes that we have never seen. We have allowed our politicians to build up this mountain of debt. They are all responsible. They all were kicking the can down the road. When are we going to get these #$%$ to account for all these problems they have cooked up for all our citizens. No one wants to take them blame. But isn't it about time that we hold them accountable here in the US. The tea party while many people don't like them have brought all these problems more to the surface. We can thank them that they did. The recent debt party was a huge joke. They didn't accomplish #$%$

and next week you will write another book cause everything will change again

obama is vacationing with his millionaire and billionaire buddies eating snow cones... mm mmm mmm... you eat cake... odumbo don' t be givin no chit about you fools, but keep voting for your hopey changey chump..

The Unemployment is higher then they saying, I have been employed since 2009, Its been real tough No jobs that I apply to ever contacts me, so I guess they are not hiring but shows on job boards that thye are,

The U.S. Congress is just not getting any leadership from the president.
The worst leadership in the history of USA.

Should be much farther ahead, but based on my current retirement savings, I only need to contribute $1000 per month for 20 years at 8% to hit $1 million. Currently, I'm saving around $1250 and expect to boost that close to $2000 next year. This doesn't include paid for real estate/income, Social Security, paid for house and the fact that I like my job and may work longer. When you set achievable short and long term goals, weeks like these are welcome buying opportunities.

Bring back the draft so guys like Obama, Buffet, Clinton, & Jobs will respect this country
on a very elemental level.

Don't want to redistribute the wealth, but have no problem with the poor fighting our wars
to defend the interests of the rich.

The W. Dug the grave. Now the tea party fanatics will fill it up with dirt. WAKE UP!!!!

You are all #$%$ .Why, because you don't know your history.You say, natural gas, oil, solar, cutting taxes, building our ínfrastucture will save us from depression. #$%$ go back to you history books.United State of America become number 1 in the world , for onlyone reason. And what is that,Because the US is the best manufacturing country in the World.You #$%$ !

You are all #$%$ Why, because you don't know your history.You say, natural gas, oil, solar, cutting taxes, building our ínfrastucture will save us from depression#$%$ go back to you history books.United State of America become number 1 in the world , for onlyone reason. And what is that,Because the US is the best manufacturing country in the World.You #$%$ !

On line poker . America is the largest poker community in the world. Look at lotto. Dedicated funds to save social security.??????

Recessions don't leave these kind of scars. DEPRESSIONS DO!!!

An aggressive push towards Natural Gas is our ticket out of this mess. Lucrative American jobs will be created extracting the gas. American jobs will be created converting cars and trucks and manufacturing new cars and trucks including the trucking industry. More jobs building and converting our transportation infrastructure. Jobs created converting and building new NG power plants. All those jobs will increase the tax revenue and increase the consumer spending which further increases the tax revenue which shrinks the debt. All this and natural gas is 70% cleaner than petroleum emissions. Natural gas is mostly methane, so not only can it be extracted from the ground but it can be cheaply produced and used, without any equipment change, from decomposing biomass, ie. landfills.
To me, it's seems like a no brainer. Yes, the NG industry needs to further perfect extraction methods but it seems cleaner than our current energy source in petroleum, coal and even nuclear. To me, it looks like a great way out of this mess we're in and an opportunity for the U.S. to be energy independent and an industrial world leader again.