https://hotair.com/headlines/archives/2011/07/17/the-great-consumer-bust-the-real-reason-for-high-unemployment/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usWed, 10 Jun 2026 19:11:17 -0400<![CDATA[THE notion that the United States needs to begin moving away from its consumer economy — toward more of an investment and production economy, with rising exports, expanding factories and more good-paying service jobs — has become so commonplace that it’s practically a cliché. It’s also true. And the consumer bust shows why. The old consumer economy is gone, and it’s not coming back.]]>Sun, 17 Jul 2011 14:30:40 -0400<![CDATA[Allahpundit]]>https://hotair.com/headlines/2011/07/17/the-great-consumer-bust-the-real-reason-for-high-unemployment-n84785