Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
We are in an unprecenented inflationary depression that will last at least a decade. As long as Government tries to stop it we will continue to suffer. The only way out of this recession is to let the bad debt die. The next step will be to direct new debt to productive industries. Many, many service jobs will have to be eliminated.
We are in an unprecenented inflationary depression that will last at least a decade. As long as Government tries to stop it we will continue to suffer. The only way out of this recession is to let the bad debt die. The next step will be to direct new debt to productive industries. Many, many service jobs will have to be eliminated.
Citizen’s not just big banks and business should also qualify for debt forgiveness. Why should the average Americans who works hard but suffers hard economic times because their job was outsourced? It seems the government only cares about big business. When the boomers begin to retire my generation will begin to suffer from the extreme taxes need to keep social security and other entitlements programs alive.
That is the same question that was asked in the 70's and 80's recession. If I or anyone else knew what the next big market was we would be buying hands over feet.
We are in an unprecenented inflationary depression that will last at least a decade. As long as Government tries to stop it we will continue to suffer. The only way out of this recession is to let the bad debt die. The next step will be to direct new debt to productive industries. Many, many service jobs will have to be eliminated.
Good post, tallrick.
As long as the government keeps giving away money and deregulating, we'll continue to suffer, but at some point we'll need their intervention. We need them reinstate Glass-Steagall and pump money into infrastructure development to get the economy going.
Citizen’s not just big banks and business should also qualify for debt forgiveness. Why should the average Americans who works hard but suffers hard economic times because their job was outsourced? It seems the government only cares about big business. When the boomers begin to retire my generation will begin to suffer from the extreme taxes need to keep social security and other entitlements programs alive.
The whole social security thing has me really ticked. I'm a boomer, and will retire in about 5 years. I can't imagine how they would raise SS taxes, since such a large chunk is taken out of my check now. What annoys me is all the money we've all been paying into SS all these years was spent by the government, so now our current contributions are paying for those on SS now, instead of paying them from reserves. Also what ticks me off are those who "retire" at 30-35 on disability and collect SS for the next 40 years. I'm not talking about those who have a serious, truly unable to work disability, but those who got a doctor to say they couldn't work and then spend their time running from the mall to the casino. I had a neighbor who was on disability at age 34 because she was "nervous", and couldn't take medication for it because she's an alcoholic and it conflicted with the medication. Nice.
I hope U.S.A gets out of recession quickly, i hate not finding a job anywhere. It's getting harder to feed my kids now. May GOD bless America and we rise as we once were.
Do any of you remember when in U.S. history U. S. eliminated tariffs, jobs went overseas, Americans like now, lost jobs, income, U.S. lost tax base; U.S. realized there error, put tariffs back on but then the cost of U.S. products became so expensive Americans couldn't afford to buy them? What time period was that in? I seen this on the History channel.
We need to go back to being a trade surplus nation. That means, exporting more than importing.
For the past 30 years we've been a trade deficit nation. That's okay for a decade because we were pretty rich back then. So we didn't really feel the effects of the deficit in terms of jobs. However, eventually the money starts to run out and our wealth needs to be regained. We are now at the point where our -600 billion per annum deficit means 15 million Americans unemployed. Normally middle class consumer spending would have created these jobs and that middle class has been wiped out. Supply side or consumer side stimulus won't help (in the long term). We are ultimately just borrowing it from the Chinese. What we need to do is get the Chinese to SPEND that money on products MADE IN AMERICA. This whole idea of America being the consumer of the world is to say the least, eventually going to come to an end. Once the money is gone, its game over.
Oh and for those who say tax the rich. That also won't work. Why? because the fundamental problem is that the USA is a trade deficit nation. We need american factories producing american products (made with american labor) for export. Its as simple as that.
Here is how we need to tax businesses.
If you are a net exporter business - 0% tax.
If you are a net importer business - 50% tax.
By net exporter business here is what I mean: You put more into the economy than you take out. For example: a strawberry farm hires 450k worth of american labor (and associated services), sells 50k product in USA and exports 450k worth product then that's net exporter business.
By net importer business here is what I mean: You take more out of the economy than you put in. For example: a retail outlet hires 50k worth of labor (and associated services), sells 1 billion worth of imported product to Americans and exports noting. Wal-mart ring a bell?
Well, I sure hope everyone is enjoying their Chinese made products. Just keep it up everyone. Eventually it will be you who loses their job to imports.
We need to go back to being a trade surplus nation. That means, exporting more than importing.
For the past 30 years we've been a trade deficit nation. That's okay for a decade because we were pretty rich back then. So we didn't really feel the effects of the deficit in terms of jobs. However, eventually the money starts to run out and our wealth needs to be regained. We are now at the point where our -600 billion per annum deficit means 15 million Americans unemployed. Normally middle class consumer spending would have created these jobs and that middle class has been wiped out. Supply side or consumer side stimulus won't help (in the long term). We are ultimately just borrowing it from the Chinese. What we need to do is get the Chinese to SPEND that money on products MADE IN AMERICA. This whole idea of America being the consumer of the world is to say the least, eventually going to come to an end. Once the money is gone, its game over.
Well, I sure hope everyone is enjoying their Chinese made products. Just keep it up everyone. Eventually it will be you who loses their job to imports.
The cure to making, shipping and buying/selling too much crap in one direction is to . . . make, ship and buy/sell more crap in the other direction?
Only in an Econ Class that hopefully was a required credit and not anything anyone hoped to learn something from.
----------------------
China can build in and for China.
US can build in and for US.
Saves all that shipping back and forth.
How stupid have we truly become?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
