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Old 03-03-2010, 01:36 PM
 
Location: Great State of Texas
86,052 posts, read 84,329,907 times
Reputation: 27718

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Quote:
Originally Posted by newonecoming View Post
The worlds banking system is looking like it coulkd collapse. Not fun.
This article will back up yours that you posted..we could be in for a bad one.

Economists Warn Another Financial on Way to U.S. Economy - ABC News
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Old 03-03-2010, 01:38 PM
 
Location: Unperson Everyman Land
38,625 posts, read 26,311,930 times
Reputation: 12635
Quote:
Originally Posted by stillkit View Post
You can thank Ronald Reagan too. It was he who killed unions, which are the ONLY way workers have to force bosses to share the wealth. Without unions, the little guys get screwed just like that.
Yep, had nothing to do with foreign competition, US business and capital gains taxes, choking regulation and a poorly educated high-dollar work force. NAFTA and permanent most favored nation trading status being given to China had nothing to do with the decline of unions, and we know for sure it had nothing to do with the corrupt self-serving top-down leadership opposing its own members on important issues.

Aside from firing the air traffic controllers for conducting an illegal strike, can you name some things Reagan did to destroy unions?



"Without unions, the little guys get screwed just like that."

Unions are in decline because they destroy jobs and screw workers even more than management. I quit an IAM job not because the company screwed me. I quit the job because IAM screwed me.
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Old 03-03-2010, 01:47 PM
 
Location: Unperson Everyman Land
38,625 posts, read 26,311,930 times
Reputation: 12635
Quote:
Originally Posted by StillwaterTownie View Post
And so the more billionaires in this country the better? Well, it's too bad that billionaires only need a limited number of toilet stools and sinks in their mansions and won't be buying any more when their new mansion is finished. In other words billionaires can only contribute a limited amount to the economy.


They would be investing in the US economy if we didn't tax business and investment to death.
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Old 03-03-2010, 01:48 PM
 
Location: Texas
14,076 posts, read 20,493,311 times
Reputation: 7807
Quote:
Originally Posted by momonkey View Post
Yep, had nothing to do with foreign competition, US business and capital gains taxes, choking regulation and a poorly educated high-dollar work force. NAFTA and permanent most favored nation trading status being given to China had nothing to do with the decline of unions, and we know for sure it had nothing to do with the corrupt self-serving top-down leadership opposing its own members on important issues.

Aside from firing the air traffic controllers for conducting an illegal strike, can you name some things Reagan did to destroy unions?



"Without unions, the little guys get screwed just like that."

Unions are in decline because they destroy jobs and screw workers even more than management. I quit an IAM job not because the company screwed me. I quit the job because IAM screwed me.

His administration also allowed Continental Airlines to use bankruptcy to get out from under union contracts when they weren't, in fact, bankrupt.
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Old 03-03-2010, 02:04 PM
 
Location: Unperson Everyman Land
38,625 posts, read 26,311,930 times
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Quote:
Originally Posted by newonecoming View Post
Actualy There is a relation between savings and exports. The more you save the more you export. The less you save the less you export. Germany that has a very high payed workforce and a very high savings rate has net exports. We need to save more money and borrow less money.

Correlation is not causation. Saving money will not cause foreigners to purchase our products. What you are describing is a scenario in which a nation spends less on consumer goods, imports less, and, as a result, has a more favorable trade balance. We could alter our trade balance by imposing huge taxes on imported crude, but everything we consume would then be more expensive and our standard of living would decline.

The goal is to increase our standard of living and that requires increasing exports and, while desirable, not simply reducing imports. Tax business and investment less and US industry will grow and hire workers. As demand for workers increases, wages will rise and we will be moving in the right direction again.
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Old 03-03-2010, 02:06 PM
 
Location: Great State of Texas
86,052 posts, read 84,329,907 times
Reputation: 27718
Quote:
Originally Posted by momonkey View Post
Correlation is not causation. Saving money will not cause foreigners to purchase our products. What you are describing is a scenario in which a nation spends less on consumer goods, imports less, and, as a result, has a more favorable trade balance. We could alter our trade balance by imposing huge taxes on imported crude, but everything we consume would then be more expensive and our standard of living would decline.

The goal is to increase our standard of living and that requires increasing exports and, while desirable, not simply reducing imports. Tax business and investment less and US industry will grow and hire workers. As demand for workers increases, wages will rise and we will be moving in the right direction again.
You do realize we export the raw commodities that turn into the very goods we import and pay more for...you don't win with raw commodities.
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Old 03-03-2010, 02:06 PM
 
1,842 posts, read 1,705,873 times
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Quote:
Originally Posted by momonkey View Post
Aside from firing the air traffic controllers for conducting an illegal strike, can you name some things Reagan did to destroy unions?
He set the tone that lead to the reduction of power for the unions. That is all he needed to do. Firing the striking workers took the wind out of the union's sails.
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Old 03-03-2010, 02:12 PM
 
1,842 posts, read 1,705,873 times
Reputation: 169
Quote:
Originally Posted by momonkey View Post
Correlation is not causation. Saving money will not cause foreigners to purchase our products. What you are describing is a scenario in which a nation spends less on consumer goods, imports less, and, as a result, has a more favorable trade balance. We could alter our trade balance by imposing huge taxes on imported crude, but everything we consume would then be more expensive and our standard of living would decline.

The goal is to increase our standard of living and that requires increasing exports and, while desirable, not simply reducing imports. Tax business and investment less and US industry will grow and hire workers. As demand for workers increases, wages will rise and we will be moving in the right direction again.
It has to do with balance of payments in the international flow of money. You end up loaning out money abroad and they buy your goods with it. There is causation. The savings rate tends to push money out of the country or the lack of it pulls money into the nation. Trade follows the money. It is complicated and not entirely intuitive.

One way to do a tariff like thing is to ask that the foreign workers get payed more money.

Taxing less the bussiness don't pay that much in taxes because they have a very high debt load and that is keeping profits down.
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Old 03-03-2010, 02:12 PM
 
Location: Unperson Everyman Land
38,625 posts, read 26,311,930 times
Reputation: 12635
Quote:
Originally Posted by stillkit View Post
His administration also allowed Continental Airlines to use bankruptcy to get out from under union contracts when they weren't, in fact, bankrupt.




Reagan had his own bankruptcy court?

Just because BO decided to use the Constitution for toilet paper when he bailed out the UAW doesn't mean that sticking our kids with a pay-off to union supporter bill is moral, honest, legal or acceptable to decent people.
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Old 03-03-2010, 02:14 PM
 
Location: Unperson Everyman Land
38,625 posts, read 26,311,930 times
Reputation: 12635
Quote:
Originally Posted by newonecoming View Post
He set the tone that lead to the reduction of power for the unions. That is all he needed to do. Firing the striking workers took the wind out of the union's sails.

"Set the tone"?
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