Quote:
Originally Posted by doug_porsche
But they say the universe is still expanding, so why wouldn't the economy? Seems that when it comes to Wall Street, you are only to look as far as the next quarter. The next generation, thats like 80 or 90 quarters away.
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Well, the concept was that the economy would continue to grow if we could just continue to expand at a 3% growth rate, and continue to consume energy at a 3% increase as well. Ever wonder why we went to Iraq ? It is all part of the New American Century, something you may have heard Mitt Romney mention in the last few days.
Question is, how long can we continue to consume at ever increasing levels ?