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Yet if you ask Rust Belt people why there's unmet need, unemployment, homelessness, closed factories, they generally answer "no one has enough money." Wait, who has all the money?! Isn’t Bill Gates bidding up the price for milk and cookies? No. We’re suffering inflation in the midst of a money drought, which voids the claim that inflation is “too much money chasing too few goods.”
What else might interfere with basic prosperity - the prodigious production, equitable trade and enjoyment of surplus usable goods and services?
Government. Banks. The money system. Government. Socialism. Government.
Tax (Fed) per GNP
1905 0.93 %
1910 0.83 %
Today? Aggregate spending by all levels of government (local, state, federal) ranges from 38% to 44% of the GDP.
It may be just an infestation of parasites that is the underlying cause of the economic decline.
Location: The place where the road & the sky collide
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For decades, management in the automotive industry refused to make decent small cars. That meant that Boomers bought small imports and then graduated to larger imports. It was very simple. It was gross mismanagement in that sector. Each sector had its own reason. Trying to make it political is grossly wrong.
For decades, management in the automotive industry refused to make decent small cars. That meant that Boomers bought small imports and then graduated to larger imports. It was very simple. It was gross mismanagement in that sector. Each sector had its own reason. Trying to make it political is grossly wrong.
Some blame the Arab oil embargo for the movement toward smaller cars. But larger cars in in vogue again with large pickup trucks and SUVs (I currently drive a small SUV and my next vehicle will be a F150 or a Chevy Silverado truck). Now we have enough domestic oil production to not rely on the Middle East. There were also fuel efficiency standards based on the global warming theory.
Location: The place where the road & the sky collide
23,816 posts, read 34,785,646 times
Reputation: 10256
Quote:
Originally Posted by Tom Lennox 70
Some blame the Arab oil embargo for the movement toward smaller cars. But larger cars in in vogue again with large pickup trucks and SUVs (I currently drive a small SUV and my next vehicle will be a F150 or a Chevy Silverado truck). Now we have enough domestic oil production to not rely on the Middle East. There were also fuel efficiency standards based on the global warming theory.
Oil is not a limitless asset. We need to eventually have better public transportation, nationwide and switch to other methods of fueling private vehicles.
I picked one example.
I'm a Boomer and I bought my first car, a small import, prior to the oil embargo. My father called me a fool for buying the car that I bought. He had to eat his words when the embargo started.
Nothing about the demise of places in the rust belt goes for all places. It also can't be boiled down to politics. There was nothing political about bad management in the car industry.
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