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We don't need to cut spending, we need another stimulus, and an even bigger one this time. A new 'New Deal' that invests in updating our nation's transit infrastructure and park system, as well as other public works. We also need to end the wars in Iraq, Afghanistan and Libya, cut military spending and return to pre-Reagan tax levels to make up the deficit in the future. Right now, we can't afford to worry about the deficit, we need to prevent the economy from collapsing again and lay a solid foundation for future economic growth.
Exactly right. The private sector is not going to hire, jobs are never coming back from overseas unless U.S. workers will accept extremely low wages with no benefits. That isn't going to happen any time soon since extremely low wages will not even feed a person in this economy- let alone house him.
So this is quite the conundrum. Since business doesn't have enough customers here in the U.S., they aren't going to hire- why would they? The only entity left to produce customers is the government, like it or not. We need short term jobs creation and long term deficit control.
NOW is NOT the time to be cutting everything.
When people have money in their pockets and become consumers and tax payers again, businesses will need to expand and will do so to the extent of meeting demand which will create more consumers and taxpayers.....turning the wheel in the correct direction. Make no mistake, though, we will never retrieve most of the outsourced jobs.
There's ideology, and then there's doing what the moment demands. Everything is not black and white, there is a time and a season for everything and some flexibility and courage is required.
There seems to be no private industry or business willing to produce independently what is needed to, for example, rebuild our pathetic infrastructure. There's nothing in that for them- except for maybe toll roads, taking over national parks, and other projects they can make money on.
This moment demands the creation of jobs and the rebuilding of our infrastructure. It looks like if WE the taxpayers don't do it, nobody will.
Perhaps some believe we simply cannot do that. Maybe they're right. But in that case, we will have to accept that the U.S. of our children will not even remotely resemble the country we grew up in.
If your roof needs repaired, you can either repair it or wait for the rain and the vermin and the mold to set in. So if there is no money for the roof repair because it has been spent unwisely (our beloved wars, for one example) then so be it- the house falls. Nobody else (big business, Wall St.) is going to come and repair it for you.
Considering the drop was due to countries that OVERSPEND... yeah, I think cutting spending is probably a good idea... I also find it very ironic that on Obama's 50th birthday we have a 500+ point drop... Doesn't anyone see the irony?
Exactly right. The private sector is not going to hire, jobs are never coming back from overseas unless U.S. workers will accept extremely low wages with no benefits. That isn't going to happen any time soon since extremely low wages will not even feed a person in this economy- let alone house him.
So this is quite the conundrum. Since business doesn't have enough customers here in the U.S., they aren't going to hire- why would they? The only entity left to produce customers is the government, like it or not. We need short term jobs creation and long term deficit control.
NOW is NOT the time to be cutting everything.
When people have money in their pockets and become consumers and tax payers again, businesses will need to expand and will do so to the extent of meeting demand which will create more consumers and taxpayers.....turning the wheel in the correct direction. Make no mistake, though, we will never retrieve most of the outsourced jobs.
There's ideology, and then there's doing what the moment demands. Everything is not black and white, there is a time and a season for everything and some flexibility and courage is required.
There seems to be no private industry or business willing to produce independently what is needed to, for example, rebuild our pathetic infrastructure. There's nothing in that for them- except for maybe toll roads, taking over national parks, and other projects they can make money on.
This moment demands the creation of jobs and the rebuilding of our infrastructure. It looks like if WE the taxpayers don't do it, nobody will.
Perhaps some believe we simply cannot do that. Maybe they're right. But in that case, we will have to accept that the U.S. of our children will not even remotely resemble the country we grew up in.
If your roof needs repaired, you can either repair it or wait for the rain and the vermin and the mold to set in. So if there is no money for the roof repair because it has been spent unwisely (our beloved wars, for one example) then so be it- the house falls. Nobody else (big business, Wall St.) is going to come and repair it for you.
Great post. The only way to bring back outsourced jobs would be to enact protectionist trade policies -- repeal all free trade agreements, place high tariffs on all imported goods (high enough to make U.S.-made products cheaper) and levy penalty taxes on businesses that send jobs overseas. While I would love to see that happen, it's not possible in this political climate. Our politicians (both Republican and Democrat) are the property of Wall Street and big business, and they serve their masters. Another stimulus is the best we can hope for, given the circumstances.
Great post. The only way to bring back outsourced jobs would be to enact protectionist trade policies -- repeal all free trade agreements, place high tariffs on all imported goods (high enough to make U.S.-made products cheaper) and levy penalty taxes on businesses that send jobs overseas. While I would love to see that happen, it's not possible in this political climate. Our politicians (both Republican and Democrat) are the property of Wall Street and big business, and they serve their masters. Another stimulus is the best we can hope for, given the circumstances.
Ooh what hogwash. If you penalize businesses that send jobs overseas, they will simply outsource their whole company. You cant for a second stop me from hiring a programmer in Moldova because employee labor costs are a business expense regardless if its spent here, or elsewhere.
Take an entry level business class for gods sake and stop embarassing yourself.
Increase the amount to (20%-30%) that we give WELFARE recepients
and everything will be just A-OKAY. Shoo... we can buy everythang; 22 inch rims,
tinted windows, big sub woofers, dodge magnums, cd's, it's all trickle down econ
101 and dat fixes everything! YEAH!
Exactly right. The private sector is not going to hire, jobs are never coming back from overseas unless U.S. workers will accept extremely low wages with no benefits. That isn't going to happen any time soon since extremely low wages will not even feed a person in this economy- let alone house him.
rubbish. we can have good paying jobs here in the US that also have decent benefits. just like taxes, it isnt just payroll as to why companies outsource jobs overseas. over regulation is bad for the economy, and if the government keeps making it more expensive to have employees, they will cut out the employees as needed. same with union work rules, keep piling them on, and companies will figure a way to not have to deal with the unions.
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So this is quite the conundrum. Since business doesn't have enough customers here in the U.S., they aren't going to hire- why would they? The only entity left to produce customers is the government, like it or not. We need short term jobs creation and long term deficit control.
what we need is to get government off the backs of business, and let them grow the economy. couple that with debt reduction, and we can grow our way out of the mess we are in now, and we can do it without raising taxes on anyone.
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NOW is NOT the time to be cutting everything.
now is EXACTLY the time to start cutting the budget across the board.
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When people have money in their pockets and become consumers and tax payers again, businesses will need to expand and will do so to the extent of meeting demand which will create more consumers and taxpayers.....turning the wheel in the correct direction. Make no mistake, though, we will never retrieve most of the outsourced jobs.
there is some truth in this part of your post, but government is not the answer to the problem because THEY ARE the problem.
as for not getting outsourced jobs back into this country, rubbish. we CAN get those jobs back, but we have to make the business environment more business friendly in this country. dont believe we can get those jobs back? witness what mazda in doing with the mazda 6. right now it is being built in the flat rock michigan assembly plant, at least until this model cycle ends. at that point mazda will close its production lines at flat rock, and move mazda 6 production back to japan. why? because it is cheaper for them to pack up and move production back to japan, and ship the cars here, than it is to build the cars here. why? government regulations and union work rules, and taxes. oddly enough the tax code is now better in japan than in the US.
we have also had companies that outsourced their software support arms to india, and have recently moved back here because the support structure is better here than in india. dont tell me we cant get those jobs back because we can.
Quote:
There's ideology, and then there's doing what the moment demands. Everything is not black and white, there is a time and a season for everything and some flexibility and courage is required.
There seems to be no private industry or business willing to produce independently what is needed to, for example, rebuild our pathetic infrastructure. There's nothing in that for them- except for maybe toll roads, taking over national parks, and other projects they can make money on.
This moment demands the creation of jobs and the rebuilding of our infrastructure. It looks like if WE the taxpayers don't do it, nobody will.
infrastructure rebuilding is for the most part the domain of the government. mostly at the state level. but rather than spend the money on the infrastructure, the various government bodies have chosen instead to spend the money on social, and other, programs that do NOTHING to improve the infrastructure, or create jobs.
Quote:
Perhaps some believe we simply cannot do that. Maybe they're right. But in that case, we will have to accept that the U.S. of our children will not even remotely resemble the country we grew up in.
If your roof needs repaired, you can either repair it or wait for the rain and the vermin and the mold to set in. So if there is no money for the roof repair because it has been spent unwisely (our beloved wars, for one example) then so be it- the house falls. Nobody else (big business, Wall St.) is going to come and repair it for you.
repairing private residences is NOT the domain of government. the owners of the property are the ones that need to do roof repairs. we can fix the problems in this country, but we need to start with fixing government. we need to stop the profligate and wasteful spending, we need to get government off the backs of the people, and let business operate like it should.
Quote:
Originally Posted by northstar22
Great post. The only way to bring back outsourced jobs would be to enact protectionist trade policies -- repeal all free trade agreements, place high tariffs on all imported goods (high enough to make U.S.-made products cheaper) and levy penalty taxes on businesses that send jobs overseas. While I would love to see that happen, it's not possible in this political climate. Our politicians (both Republican and Democrat) are the property of Wall Street and big business, and they serve their masters. Another stimulus is the best we can hope for, given the circumstances.
we tried high tariffs once remember? read up on the smoot/hawley tariff act, and its contribution to the length of the great depression. it raised the cost of american goods being sold overseas because other countries put tariffs on american goods, and when that happened, the demand for american goods overseas dropped substantially.
and if we penalize business for outsourcing jobs, you will only see more businesses move everything overseas. imagine taxing ford motor company more because they build cars in mexico and ship them to this country for sale. you think ford will stand by and let the government stick it to them like that? i can tell you that they wont. bill ford and the rest of the ford family will move ALL ford production, as well as it headquarters to another country, and then the US will LOSE all the tax money that ford would have generated in this country due to its operations here.
yeah nice idea. why not just kill the economy now?
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