A couple years ago I was telling family and friends that I thought the economy would just be going down as a result of the corporate attempt to outsource all possible work outside of the country. It just seemed obvious to me that if companies in this country sent work out, and as a result unemployed the working class, the middle class, the body of our population that spent and bought the most the economy would suffer. Eventually the people not working, or subsequently underemployed would no longer be able to buy products. When they stop buying products, the companies who sell those products would find sales dropping. It becomes a downward spiral, the less they sell, the more they lay off workers, the more out of work, the less being spent.
I am not by any means an economist, I don't even pretend to by wise in the ways of the financial world, but sure seems to me this is the case. During previous times of economic hardship, wasn't one of the key points to recovery "and provide jobs to the citizens"? Doing the opposite would seem to have lead us down a bad road economically. Will any of the greedy selfish corporate CEOs and Washington politicians recognize this and actually do anything to reverse the trend?
I doubt it.