6 reasons America will rise again
The US is down but not out. It could return to its dominant status, but it has 1 big obstacle in its way.
One observer is confident the country has so many long-term advantages over its competitors that it will dominate the world again. A. Gary Shilling, a consultant and a columnist for Bloomberg View, made his case this week.
Here are the reasons Shilling thinks America will rise again:
Energy independence. MSN Money wrote an entire series on this subject in July. Fracking has greatly helped the U.S. cultivate its own energy sustainability. It isn't there yet, but it's on track to be self-sufficient -- and maybe even become the world's next great oil exporter.
Immigrants. Immigrants tend to be younger and have higher birth rates. And the U.S. needs them, because in order to sustain the population in the long run, the country needs 2.1 births per child-bearing woman. Immigrants will also keep our population of working-age people (as a percentage of total population) from falling faster.
Entrepreneurial spirit. Even during the worst of the recession, Americans who were laid off or otherwise out of work showed a striking ability to start their own businesses. That's the heart of the American entrepreneurial spirit, which will keep America afloat.
Labor flexibility. Labor union membership has fallen fast, which for better or for worse means workers are more tolerant of decreases in pay. That will help buffer the country against economic turmoil.
Less foreign money needed. U.S. households have been on a saving binge, particularly after the housing bubble burst and home equity loans became harder to get. Americans will probably save more, Shilling wrote. That will ultimately reduce the need for foreign financing.
Strong dollar. Even though China is becoming the world's next superpower, reducing the U.S. presence on the global stage, nothing beats the U.S. dollar. The world still views the dollar as the primary reserve and trading currency.
So what's holding us back? Shilling didn't address this, but we have a pretty good idea. The one thing that could keep the U.S. from dominating again is its politicians and the petty squabbling and stifling bureaucracy in Washington, D.C. Time and again, we've seen how lawmakers on both sides of the aisle have kept America from moving forward. That doesn't look to change anytime soon.
- Blame McDonald's for higher chicken prices
- What would a strike against Syria cost?
- The US has nearly doubled its minimum wage before
6 reason America will continue to decline
1) Over regulation
2) Taxes are too high
3) Rewarding irresponsible behavior
4) Willingness to punish and marginalize success
5) Too many Freebee-for-Meebees in the cart waiting to be pushed
6) Growing class of government dependent liberal voters
They are the reason for most of our troubles. I don't enjoy paying for welfare trash that are citizens, let alone those who are here illegally.
CLOSE THE BORDERS.
I guess they are talking about the 1%, the large corporations and Wall Street...oh, I forgot to mention our lame elected officials in Washington D.C. that do nothing and the deficit keeps growing.
Jimmy Carter said it best yesterday. Anyone for a second United States Revolution???
Jimmy Carter realizes he is no longer the worst president the USA has ever had, Obama is taking his place.
The problem with all these new immigrants coming into the States is that they mostly come from Mexico and Latin America - way too much Spanish influence! Ay Caramba!
Sure would be great if there was more diversity (French, Italian, German etc)
Less foreign money needed? Really when we need to borrow to make interest payments?!?
Strong dollar?? Really, when the printing presses are running 24/7?!?
Entrepreneurial spirit??? Really, with a president saying "you didn't do that"?!?
Energy Independence???? Really, with a president insisting oil, coal and gas are eeeevil?!?
Just what are you smokin? You can't be that delusional in your natural state!
you bet it will rise again, after all obama cant be re elected and nothing we have had was worse than him. so we may have to wait until he is removed from office but things will get better
Interesting, I guess we all look at the U.S. situation differently.
There will/should always be hope. . .
From CliffsNotes regarding the fall of the Roman Empire:
"causes included political corruption, economic problems, and a series of leaders that — let's face it — were more interested in their personal gain than in the welfare of the common people."
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market began the new trading week on the defensive note with small-cap stocks pacing the retreat. The Russell 2000 (-1.4%) and Nasdaq Composite (-1.1%) displayed relative weakness, while the S&P 500 lost 0.8% with all ten sectors ending in the red.
Global equities began showing some cracks overnight after China's Finance Minister Lou Jiwei poured cold water on hopes for new stimulus measures. Specifically, Mr. Lou said the government has no plans to change ... More
More Market News
New study finds members of this global elite are stashing an average $600 million each in cash -- 10 times more than a year ago.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'