Expert Opinion
AIN Blog: For a Beleaguered Industry, It Ain’t Over Yet
Waiting for an industry recovery
In today's global economy, the fate of one is the fate of all. (Illustration: dream designs/FreeDigitalPhotos.net)
In today's global economy, the fate of one is the fate of all. (Illustration: dream designs/FreeDigitalPhotos.net)

Here we go again. Three years after the bottom dropped out of the economy, and just months after a long, slow and painful climb toward recovery seemed to be producing results, the flooring is starting to feel awfully flimsy again.

For years, the U.S. government, abetted by greed on the part of everyone involved, happily ran up the debt. After all, we were entitled, and the government simply raised taxes to make it so. Millions became billions, billions became trillions, and we were reduced to borrowing from China.