End Of The Golden Age

As America approaches the 1.5 Trillion dollar deficit level this year it appears to be on track to be replaced by China, India, and any other fiscally responsible contender as the preeminent economic superpower. Our seemingly endless spending binge is running its coarse, and even more importantly we do not seem to have any viable solutions to offset continued quantitative easing positions made by the authorities. At the same time other nations are working diligently to provide young innovators with a higher level of education followed by an already higher level of work ethic. These two elements will provide the needed one, two knockout punch that replaces us on the global stage. We will always have a seat at the g20 summit due to our nuclear proliferation capabilities, but our monetary credibility is definitely in decline. This nation will watch as others pass us in providing the world with essential products needed to combat the most important issue of our lifetime within the renewable energy sector. If we are to reverse these trends we must act now by first mitigating any fiscal decision making that involves deficit spending, and allow innovative revenue growth generation to take hold and expand. This can only occur as much needed venture capitol is allowed to flood back into the marketplace.

Reversal Of Fortune

Many corporate titans have looked outside the boarders of the United states in an effort to find cheap labor and huge tax benefits. Now the lions share of highly sought after engineering positions here in the U.S. are being given to students from other countries. Some CEO's have stated that these individuals are more driven, and willing to get the job done for less than American students, they are given temporary visas which usually last only two years and can reapply after the visa expires. This trend of in-sourcing technology talent, is just another nail in the coffin for kids born in this country looking to capitalize on a great career. Our government is just as responsible as these greedy corporate entities, in enabling this dysfunctional activity to progress. As over 15 million unemployed Americans barely get by, they are being replaced by non citizen's at an alarming rate. This country seems to be on an unsustainable trajectory at so many levels, it would be shameful to alter significantly the most important part of the American Dream which is Higher Education, and the ability to find employment in the occupation of your choosing.

Paradox

To say that our economy is on a path of improvement, is a contradiction of the latest core data numbers that clearly reflect a downturn at best. The numbers show that consumer spending has come to a screeching halt due to the high price of food, and fuel at the pumps. GDP has contracted to 1.8% this year from 3.1% last year. Unemployment has risen from 8.8% to 9% with only an anemic 200,000 jobs created recently. The increase in corporate earnings is due to internal cost cutting which cannot be replicated next year without a pattern of growth. A continued decline in the dollar and the rise of commodities send a clear message of a bubble driven stock market, and increased inflationary conditions. And the news to be released by the Fed in June, as to ending or continuing its quantitative easing policies will undoubtedly put massive pressure on the bull run of late on wall street. Those that agree that all is well are in clear violation of the laws of common sense. But as we all know we did not arrive at this juncture by making intelligent, prudent decisions.