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Let the free market decide what goods and services are needed.
I've been hearing for years of the death of American manufacturing and everywhere I go around the country factories are being built all over the place.
Cut government spending big time
Eliminate bureaucrats
Eliminate government meddling in the markets with subsidies
Cut taxes big time
I'm so glad obama is having another "jobs forum" at the white house next month. That should fix everything.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,705 posts, read 58,022,681 times
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Quote:
Originally Posted by Tightwad
The laws you refer to were overturned during the Bush presidency. At the present time there really are no laws to control the banking industry.
actually I beleive Clinton changed the banking laws more significantly than Bush.
It was all under Greenspan's watch, he has a monster ego issue.
OP, On topic, - I agree with to an extent... (more manuf, more technology, more medical research) Nuke and renewable power. Gonna be tough to do, but we (USA) need to focus a bit more on our own economic health rather than THINK the world needs democracy and capitalism. We know very little about other cultures and centuries of conflict, and many countries don't desire to be like USA (that can be a good thing). So... do what we can do best, AND be loyal as a nation to affect change.
Buy local, get an education that contributes to society, design for efficiency, get off the 'Texas" habit (bigger is better). Be deliberate in planning cities and transportation. Invent some mind boggling 'smart-grid', and modular and efficient 'community owned' power generation. (not japanese / chinese / german owned USA private power ). Where do we think the profits and technology will end up? (hint; not in USA... What we are doing is really stupid (tooling / training / equipping the world to take our jobs and ability for country wealth generation)
I think I would start be sending all the goof-balls that are planning USA growth / economy to 3rd world countries (with a one-way ticket). Let them figure out how to get home, and bring some of that common sense back with them. I feel they are really out of touch.
and then I would give tax incentives to companies that keep their factories in the USA. America is the only major country without a manufacturing policy.
Gee, the government has beat you to it! There are already tax incentives for domestic production via the domestic production tax credit:
China should let its currency appreciation though, but people should be clear what this will mean for the US. It will mean a lower standard of living. Once the yuan appreciates against the dollar the free cheese from China will cease to exist.
Quote:
Originally Posted by ddmhughes
The more energy you create here the less money goes overseas.
And the less US products they purchase with that money. The only thing that matters is that the trade deficit is balanced, once the trade deficit is balanced any reduction in imports will be meant with an equal reduction in exports. You will just be creating jobs in energy at the cost of jobs else where.
Quote:
Originally Posted by ddmhughes
What would you do to fix the nation’s economy?
Nothing, there is no way to "fix" an economy. What you are talking about is communist style command and control economic policy, it does not work.
we could start to fix the economy by stopping price manipulation:
Over the course of an average month at the NYMEX, 5 BILLION barrels of oil will be traded, with a fee being collected on every single transaction which is ultimately passed down to US consumers, yet less than 40M barrels will actually be delivered. That is just 8 tenths of 1 percent of actual demand for the product that is being traded - 99.2% of the oil transaction fees being paid by the American people do nothing more than create fees for the traders and record profits and bonuses for the trading firms!
Where is the outrage? Where are the investigations?
Goldman Sachs (GS), Morgan Stanley (MS), BP (BP), Total (TOT), Shell (RDS.A), Deutsche Bank (DB) and Societe Generale (SCGLY.PK) founded the Intercontinental Exchange (ICE) in 2000. ICE is an online commodities and futures marketplace. It is outside the US and operates free from the constraints of US laws. The exchange was set up to facilitate "dark pool" trading in the commodities markets. Billions of dollars are being placed on oil futures contracts at the ICE and the beauty of this scam is that they NEVER take delivery, per se. They just ratchet up the price with leveraged speculation using your TARP money. This year alone they ratcheted up the global cost of oil from $40 to $80 per barrel.
First and foremost, free market is an delusional ideology, having no basis in reality.
Wall St. decided after WW II to pursue a policy of changing the US economy from a manufacturing one to a financial one where it reigned supreme.
It accomplished its goal, its happy and thats that.
So just shut up, buy its paper wealth and put any excess in 401K so it can can continue to play the Forex as the dollar goes into its death spiral and don't worry, be happy.
The laws you refer to were overturned during the Bush presidency. At the present time there really are no laws to control the banking industry.
That is completely wrong there were many laws on the books, but that doesn't make a difference anyway. There were laws passed such as the Community Reinvestment Act and others that eventually pushed banks into loans that would have normally never done. Add to the fact that Fannie and Freddie (or us taxpayers) then thought it would be great to back most of those loans.
If you and I were allowed to print money we would be in jail for counterfeiting, but yet the government and Federal Reserve do it all the time to cover their debts.
As far as fix the economy...there really isn't a way to "fix" the economy but you can provide the right environment for it to exceed and grow. The government is not and has never been the way to do this.
We need to promote "fair" trade by leveling the playing field. If we set a standard (worldwide) wage expectation for imports and used tariffs to take away the incentive to hire $200/month labor pools, there wouldn't be a compelling reason to outsource jobs.
If countries like China didn't want to get hit with a massive tariff, all they'd need to do to avoid it is to increase the value of their currency to a level which would put their workers on par with the rest of the developed world.
How would I fix the economy? Easy, let the recession happen. Let the strong eat the weak that are worth eating and let the rotten die. And also create gridlock in Washington so that politicians can't do anything. Creative, risk taking individuals will get the economy going not central planners or negative types.
How would I fix the economy? Easy, let the recession happen. Let the strong eat the weak that are worth eating and let the rotten die. And also create gridlock in Washington so that politicians can't do anything. Creative, risk taking individuals will get the economy going not central planners or negative types.
Since we have Socialism for the rich and super-rich here in the US, only the middle and lower class are on the menu.
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). Where do we think the profits and technology will end up? (hint; not in USA... What we are doing is really stupid (tooling / training / equipping the world to take our jobs and ability for country wealth generation) 
