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1. Poorly Enforced Trade Agreements 2. Misguided Energy Policies 3. Burdensome Government Regulations and Taxes 4. Corruption and Monopolies 5. Disincentives to Work, Poorly Run Universities and Immigration
OK... the last is really three in one.
Interesting that these issues have their root in DC. China breaking trade agreements are not enforced. The choice outsource much of our energy. Government regulations and taxes speak for themselves. Government facilitates the growth of large companies instead of competition.
Great list. Add Obama's incompetence to that and it would be complete.
Funny how all of the above causes are a direct result of liberal policy.
An emerging market is more likely to experience substantially greater economic growth than a market that has or is approaching maturity. Characteristics of a maturing market include:
Stable or declining population
Higher per capita income
Lower unemployment
Stable socio- political enviornment
Higher level of business and industrial activity
Profits are paid as substantial dividends to shareholders
These characteristics define most of the Western Hemisphere and are consistent with a high standard of living.
Taxes are actually low, except for corporate taxes. I wonder how the GOP could be persuaded to consider cutting them.
Effective corporate tax rates are generally competitive with most other developed countries.
The top Statutory corporate tax rates have not changed in 20 years.
The top Statutory corporate tax rates were substantially higher in times gone bye associated with greater economic growth as the US economy approached maturity.
Last edited by middle-aged mom; 10-06-2014 at 06:42 AM..
1. Poorly Enforced Trade Agreements 2. Misguided Energy Policies 3. Burdensome Government Regulations and Taxes 4. Corruption and Monopolies 5. Disincentives to Work, Poorly Run Universities and Immigration
OK... the last is really three in one.
Interesting that these issues have their root in DC. China breaking trade agreements are not enforced. The choice outsource much of our energy. Government regulations and taxes speak for themselves. Government facilitates the growth of large companies instead of competition.
Funny you would miss the most obvious thing holding back the economy, the Lack of a Budget, the lack of which results in an unstable economic atmosphere and in businesses not feeling secure enough to invest in R&D and manufacturing. Where does the Budget originate in Congress and you have located the problem.
Those same companies also decided that they would rather outsource those jobs to third parties or independent contractors, those making it harder to even get your foot in the door in the first place.
Its harder now and days to get an entry level position than ever before.
True, and minimum wage and immigration also have something to do with this. Just look at fast food jobs--40 years ago they were overwhelmingly filled by teenagers, and now they are overwhelmingly filled by adult immigrants. Why pay a 16 year old $10/hr when you can get an adult immigrant who will show up for work and not engage in constant horseplay, and has already learned a work ethic.
I remember a high school friend in the 70's whose father had started out as an usher at a movie theater at age 16. He didn't even have a high school diploma but taught himself electronics by building Heath kits, and rose to become an exec of the theater chain. They had a nice house in a nice neighborhood. The opportunity economy has been replaced by the tooth fairy economy.
The IMFs World Economic Outlook paints a rather dismal picture for the entire Western Hemisphere. With mature economies. Global economic growth will be driven by emerging markets and developing economies. Of the top 20, 10 of those economies are in Sub Sahara Africa, 8 are in Asia and 2 are in the Middle East. Half rely on oil or gas exports. Many have corrupt governments and/ or serious security issues.
Then there's The BRICS, the fastest growing major economies, Brazil, Russia, India and China who don't need the World Bank, thus US approval, to grow.
If you were a business owner and needed to hire a competent PHD level engineer, fluent in English would you hire the US engineer who expects a $250,000 base plus bonus or the India engineer who is thrilled ( for now) to be paid $50,000? That $200,000+ difference will come out of your pocket. Assuming all else is equal, which engineer are you going to hire?
It does does matter who sits the oval or holds the majority. The U.S. and Western Hemisphere economies have matured.
You do realize that when you add the $ growth of the Top 20 "fastest-growing" economies together, it doesn't equal the projected $ growth of the US economy for 2014, right?
And those BRICs? Well, Russia is slated to grow 1.3%, and Brazil is going to eke out 2.5%, on GDPs (2.0T and 2.2T) that are barely larger than California (1.95T)
Developing economies usually mean one thing -- small GDP. South Sudan is projected to grow 24.7% this year.........on an economy with a GDP of $10 billion. That's not driving ANY global economic growth. Global economic powerhouse Eritrea -- yeah, THAT Eritrea -- rounds out the Top 20 with a projected 7% growth for a GDP that barely cracks $3 BILLION.
Funny you would miss the most obvious thing holding back the economy, the Lack of a Budget, the lack of which results in an unstable economic atmosphere and in businesses not feeling secure enough to invest in R&D and manufacturing. Where does the Budget originate in Congress and you have located the problem.
Oh, gawd, of all the silly nonsense.
The three biggest things stopping investment in growth:
1. Punitive government regulatory environment.
2. Punitive taxation
3. Capricious and pointless expensive regulations combined with government constantly changing the rules by simply doing whatever it wants, making the future too hard to predict - making any marginal or higher risk venture unattractive.
That there's no federal budget does not figure AT ALL.
The three biggest things stopping investment in growth:
1. Punitive government regulatory environment.
2. Punitive taxation
3. Capricious and pointless expensive regulations combined with government constantly changing the rules by simply doing whatever it wants, making the future too hard to predict - making any marginal or higher risk venture unattractive.
That there's no federal budget does not figure AT ALL.
It simply an outgrowth of, and a symptom of #3.
Your points have already been shot down by others and like it or not with no Budget the Economy will never really take off again, that is what having obstructionists in Congress does for the Nation, they harm it.
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