Is the World Economy Heading Into a 'Perfect Storm'?

I can believe in the concept of using debt to build infrastructure, but the majority of stimulus money was spent on non-infrastructure expenses, like subsidizing COBRA premiums for the unemployed, temporary funding of teachers, police, firefighters, etc.

The use of Federal borrowing to build USEFUL infrastructure of enduring economic value is more the exception than the rule. Every once in a while, the Federal government gets it right: interstate highways, the space program, the Internet. But they usually get it wrong. For every well-placed bridge or highway, there is a joke like the empty Murtha airport in Pennsylvania, roads to nowhere, or yet another federal grant to install traffic cameras. The economy will not thrive on a diet of pork.

In the beginning, Obama seemed to think he could spend money on just about anything and get a stimulus effect. Truth is, not all spending is equally stimulating to the economy. In November, it's time to add up the scores and see if all of this spending was helpful. One way or another, the day of accountability is approaching.

Behold, Mr. Obama in his own words (at the beginning of the video):

Obama is doing everything he can to implement Soros's plan of economic collapse in order to install a one world totalitarian regime.

Every economic policy he has is meant to destroy.

see above

Should be remembered that Roubini got the nickname "Dr Doom" because he accurately predicted that GOP/Bush economic policies were NOT creating growth as the GOP claimed for years, but were in fact setting us up for a major economic collapse (and we got the Bush Great Recession as a result). He now says our refusal to make major changes (not the GOP changes, which are just a rollback to the bad days of the Bush years, but actual major changes) combined with the EU's austerity plans are creating a global collapse!

Much of the growth even before Bush was based on over-extended credit. Bush made some errors, but he certainly doesn't carry sole responsibility. There is plenty of blame to go around, whatever letter is behind one's name in the UNITED STATES CONGRESS.

The demonrats went further with their propagation of bubbles (FNM/FRE, beating up bankers to make loans to those uncreditworthy ones, all for corrupt political reasons (i.e. political power grab)....The libtards-demonRATS are TRULY the cause of our problems in America.

That's not going to happen. China, India, Brazil, those are all countries on the rise.

I do worry, though, that if Mitt Romney is elected, he'll go whichever way the extreme right tells him and wreck our economy.

Mitt Romney is not a puppet like your false messiah.

It is very hard to lead among emerging equals. Our best economic bet is to look for a favorable position among competitors, then try and get to the top. Right now, a communist system is beating the pants off of a capitalistic system. (China) Yes, they are having problems...but they are growing their economy, as far as we know.

America needs to prove we can keep up. But, it requires implementing a hybrid system, that includes socialism. America is strongest when its backup systems are in full repair. (Social Programs)

As much as the GOP Tea Party wishes, America is NOT a full blown Capitalistic state. Otherwise, we'd look like the Philippines, where Capitalism is still basically unregulated.
America is a socialist hybrid like England, and Australia, our allies. We can only move off our hybrid base by becoming more Fascist. I do not think anyone in here thinks Fascism is a good idea. But, if you follow the Tea Party out to the letter, that is your end product.

There's a ton of misinformation in this post.

1. China's corporate tax rates is 20%. That is twice as low as the U.S.'s. Farming and manufacturing are entirely privatized in China, thus making production uber-capitalistic. China dumped Maoism in the late 70's and early 80's, opting to privatize most of their resources. The end result is a booming economy, one that puts the United States and W. Europe to shame. China is far more capitalistic than the United States at this point in time.

2. Social programs do nothing to incur economic activity. They merely transfer wealth from one segment of the population to the other. This is because a government can only acquire resources and wealth through taxation (i.e., which are then used to fund social programs).

3. The country was far better when the economy was heavily capitalistic and operated under a fixed Rule-of-Law, not central-planning. The better economies in the world follow this model. For example, Hong Kong, Switzerland, Israel and Singapore are far more economically stable than W. Europe and the United States. The most successful economies are those that approximate capitalism and allow for the most free-trade and producer innovation. In other words, a good 'hybrid base' is not 50-50 capitalism-socialism. It is overwhelmingly capitalist with a government that is constrained by a Constitution.

Free trade and the laws of supply-and-demand are not fascist. Get a clue.

Hello? Obama has already wrecked the economy, geez wake up!

Worse than it is already? At least Romney gets it when it comes to making money. Obama is only great at spending ours!

everything to collapsible homes, cars, economy and rule of law; we are being held hostage here!
http://www.youtube.com/watch?...
welcome to america!

I don't know about immediate verge, but we are getting very close I fear. I'm prepared though. Remember, A COUNTRY BOY CAN SURVIVE. When/if it happens, it will suck to by a city boy.

I'm sure Ron Paul will help US to get back to ship shape.

The world has been in financial distress before.... just look at the years during and following WW II! This is the same DOOM & GLOOM talk reminiscent of the crazies like Glenn Beck who makes MILLIONS per year talking this same exact nonsense! Funny how this comes up mere months before an election..... You want REAL gloom & doom , put Romney into the White House with the Paul Ryan budget. Watch the END of Medicare and Social Security while MORE tax breaks for the super -rich are passed. Time to pay back the Koch Bros. for their MULTI-MILLION Dollar investment.... Willard Romney!

"Socialism is stupidism". Capitalism has created more prosperity for the common man than any other system.

The Koch brothers, Mitt Romney, and Paul Ryan are not interested in creating a nation of serfs. You need to get a refill on those anti-psychotics dude.

Pure Capitalism has produced countries like the Philippines. The USA grew much faster once we had a hybrid system in place.

If you do not wish to look like the Philippines (sorry Philippines), then you NEED the social backup systems that exist in America, England, and Australia. Trying to revert back to a more pure Capitalistic state will only lead to catastrophic failure for the majority of the population.

Of course you realize that you're a complete idiot,right? SHOW ME one good "capitalist" who refused to participate in socialistic Medicare! Show me one who DID NOT apply for the socialistic Social Security payments! Show me one who refused to call for the police and fire dept. when in trouble.... and yes, these ARE socialistic as they arer provided by the government and NOT paid for by individuals! You can't have iit BOTH WAYS, Bunky!

Your name is totally befitting of you!

The greatest danger right now is psychological. While weakened, the economy is nowhere near collapse. Throughout history, there have been economic troughs of great severity, and even national bankruptcies, and yet those same countries recovered. One later became the greatest empire in history - the United Kingdom.
So, while financial prudence must be the byword for individuals and nations these days, the sun will rise tomorrow, as the need for the essentials of life drives economies forward even if nothing else does.

Yep...it's coming! Prepare!

Give me a break. Offer evidence to support this 'theory'.

"Destroy the family, you destroy the country." "The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation." "The aim of socialism is not only to abolish the present division of mankind into small states and all-national isolation, not only to bring the nations closer to each other, but also to merge them." "The surest way to destroy a nation is to debauch its currency." ------ Vladimir Lenin

Get it now?

He was blowing hogwash. It didn't end up that way.
It was a dictatorship. Don't get a dictatorship mixed up with a Republic.

That danger exists in every country that operates with a deficit. look at greece, their deficit got too big and it all collapsed. it'll happen everywhere when the deficit gets too big. we're ignoring history and the day of reckoning WILL get here. guess who's economy isnt in deficit and who will own us when it happens.....china! we need to start learning mandarin now so when they move in we can at least be oppressed in a language we can understand

well the optimistic part of me says all will work out ...

the reality part of me , this is not gonna turn out well ,,,and this has been predicted , and well GOD HELP US ALL !

people cutting back as far as they can , and in survival mode ,on the verge of snapping ,

it certainly shows here as well , but they seem to look for the govt .to fix all their ails "not gonna happen " cause the govt here has NO IDEA what to do !
if they did they'd have done it !

the economy is facing a stagnation effect , the trade markets need to move " sell products " but when folks have no disposable $$$ they cant move it , can buy products so china loan the USA $$ to buy thier stuff , then germany lends europe money to do the same thing ,but few low paying jobs there ..economy stagnates ..now grece no $$ ,, europe no,,, $$ gremany low on $$$, but keeps printing $$$ and loaning it ...saturation point now !

look at gerald celente "trends research inst , or joel Rosenberg . both predictors ...

the big $$$ eiteists do !

more wish sandwiches for all , soon cash as we know it ,is no better than firewood !

3/4 of the funds on the world are nunbers on the internet ( computer screen ) remember that !

WE need to sell Pacific lands to China and Japan, to help settle the deficit.

what (lands )are refering to ?

Pull out your bible people, revelations warned you 2000 years ago..what to be prepared for. It also states that God will provide for and protect his own (those who believe in Him)
and those who have committed their lives to him, and have done their (BEST) To do what is right in all circumstances!

God said you will know by the signs...that He is coming again! Believe it or Not!

Gods anger on all the terrible sins on this earth is great! Its a wonder he has had this much patience! Apparently its running out!

Lord Have Mercy!

this has been prediced by the schollars & prophets ..!

This has been given to us since the beginning of life....and only through he /she whom God Chooses.........will the true message be sent. Did you know in the bible when Jesus was speaking ..he said...as he picked up a few grains of wheat...in the palm of his hand...he said this is the amount of people who will get to heaven....

Come on people....are you up for the challenge...choose God, choose righteousness, choose his words.......and lets bring that number up!

I agree ,,, i believe all good things will come to the richeous ,,

I've see the other side ( briefly but it's beautiful ) then revived !

I welcome passing !

the richeous will prevail from the evil , and some say the anti christ is here now ..

Man may abandon man, But God refuses and abandons no one..that comes to him in belief and faith...and Trust! It is beautiful isn't it?

Evil has no power only that which evil man gives to him...under the armor of Jesus we shall only prevail.........................

The anitichrist comes from the land of the dead----In faith and love for God...and in trust in him...we shall fear nothing....For God has promised. :D God loves you!

AMEN ,,,,,,,,SO ELIQUENTLY PUT !

It is Through God's Voice...that all Men/women are called ...Its time to put down your swords and be lifted upon the Wings...of Righteousness.

thankya zapped..:)

Can I pull out Lord of the Rings instead?

The author was a Christian.

As long as you pull out in time.........and that would probably be about......? Now?