Interesting comment

LiamGadfly responds to my "brilliant" analysis: I respond to him.

MLive.com: Muskegon Town Talk Forum: "6410.4.1.1. Not so fast Gordo...
by LiamGadfly, 6/10/05 12:23 ET
Re: Cook's closed? by Barman241, 6/10/05

"... It's always sad when a business closes its doors but our system of competition and innovation has given us the world's greatest economy."
While I don't deny that the free market is the best of all possible worlds, to say that that the flood of cheap consumer goods that have inundated our economy is a result of a "free market" is disingenuous to say the least. (true, ours is not a perfect "free market", but it's the freest in the world today) It is more the result of one sided trade policy that gave us nothing in return. (nothing in return? They give us goods and we give them IOUs. Who comes out better in that deal?) It is also the result of low wage countries dumping underpriced goods on us. & when we have squandered the last of our wealth on all these trinkets & baubles, then where will we be? With nothing left to invest in our antiquated infrastructure, or to invest in attracting new business's or new manufacturing capacity, or a base from which we may support our government @ all levels, etc. etc. etc. We also will be left with no jobs to provide the wealth to keep it all going, including the current buying spree, as well as to support the minimum of government services, that we all have come to rely upon. (Interesting, but do you have any facts to support this doomed scenario?)
Gordo, to say that we have the worlds greatest economy is to truly view it through rose colored lenses. This is especially true of someone sitting in Muskegon - America's poster child, for a stagnating local economy. (Thankfully, the Muskegon/Michigan model for an economy is not shared by the rest of the country. Our national economy is, by almost every measure, as strong as it has ever been.)
There are some inherently disturbing trends in our economy that if not addressed could literally take us from solvency to a third rate entity in no time @ all. The loss of manufacturing is the most glaring. (Surely you're not suggesting that a job working in a foundry or steel mill is "better" than working at a bank, movie studio or software company or any of the other service sector jobs in America) The loss of markets & the loss of production acreage to urbanization in agriculture is another. (Come on, take an airplane ride and look out the window. Then tell me about the loss of production acreage. We have more land being paid not to farm than many countries have being farmed) A third is the over valuation of real estate markets due to easy monetary policy which has been used as a lubricant to fuel residential & commercial construction, in order to fill the void that the loss of manufacturing has left in the GNP. When even the usually taciturn Saint Greenspan speaks of a bubble in the housing markets, then I get nervous. (No arguement about a RE bubble in some markets but RE bubbles happen all the time. It's just that the media is selling it as something that's never happened before (it has, many times) and something that will affect the entire country in some massive and terrible manner. (It won't, never has before.) Add to all of that the increased Global demand for oil, & the Hundred Year War for oil that we have just begun to engage in, then I don't see the picture as being so rosy. But when you are caught in the middle of the throes of a shop till you drop frenzy, it is hard to be objective & not walk around in the high of denial. But believe me, a day of reckoning will come, & you are not going to like the result. Muskegon's economy may just be a early indicator (a canary in the coal mine) of what is to come on the economic front. It may be an example of the long term chronic economic stagnation that will become embedded & common in much of the rest of the country for some time to come. So enjoy your big flat screen TV while you can, because eventually you may have to cue up for expensive rolls of toilet paper just like they do in Russia, unless of course the dollar becomes worthless enough to use as a substitute. ;-)
(Pretty much the standard doom and gloom, half empty rather than half full argument I've seen repeated ever so many times. You're going to have to back up the gloom with some facts first. Thanks for the input.