Economic growth in US down to 1.5%

Discussion in 'Economics & Trade' started by Pollycy, Jul 28, 2012.

  1. FreshAir

    FreshAir Well-Known Member Past Donor

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    I do not look at the economy as "Pandora's Box", I look at untaxed foreign outsourcing and foreign imports as the "Pandora's Box"
     
  2. Iriemon

    Iriemon Well-Known Member Past Donor

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    Well sure. The fact that Reagan's trickle down revolution was just at the exact same time as the great redistribution of the nation's income and wealth from the middle classes to the 1% was just a big coinky dinky, and the Reagan "trickle down" revolution had nothing to do with it.

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    No no, just a big coincidence!

    What really happened is at the exact same time, the bottom 90% stopped getting decent grades, stopped getting college decrees, stopped placing themselves in high employment areas, got into crime and drugs, got unhealthy, and stopped living within their means, started choosing the path of failure, and started whining, and that's why they stopped sharing in the growth of the economy, productivity, and the country's prosperity starting in 1981.

    1% apologists make sense. If you ignore reality.
     
  3. flyboy56

    flyboy56 Well-Known Member Past Donor

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    We know Harry is a big gun owner and supports the NRA. How'd the push for more gun regulations go in the Senate Obama and Biden wanted?
     
  4. Lil Mike

    Lil Mike Well-Known Member

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    He's done that multiple times previously. Darnedest case of cognitive dissonance ever...
     
  5. OldManOnFire

    OldManOnFire Well-Known Member

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    If you wish to stop imports then you probably must also stop exports...China, Mexico and others are not going to deal with us if we don't deal with them. 2013 US exports were about $2.3 trillion which represents about 23 million US jobs...you want to wave bye-bye to these jobs? Further, taxing or tariffs on imports only serves to create inflation and geo-political problems.

    Like it or not, the US and most other industrialized nations, all are playing in an international marketplace, all dealing with imports and exports...

    - - - Updated - - -

    Like I said 'If we had another 1000 Microsoft's or Google's or Intel's, etc. everyone except the whiners would be in very tall cotton...corporations like these and others are the best thing to ever happen to the USA...' Wouldn't this be great...
     
  6. Iriemon

    Iriemon Well-Known Member Past Donor

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    You 1%ers are only a small part of "we".

    "We" would be a lot better off if the growth of the economy and production and productivity were shared with the middle classes like they were before the Reagan "trickle down" revolution.

    Corporate profits are at all time highs, both nominally and as a percentage of GDP. It doesn't help the "we" unless that growth is shared with workers and the middle class.
     
  7. FreshAir

    FreshAir Well-Known Member Past Donor

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    I never said I wanted to stop imports, or foreign outsourcing, I just want them taxed to even the playing field for American workers

    otherwise we will be a country that prints money and gives it to the people to consume foreign stuff as there will not be enough local jobs

    while that sounds all fine and good, how long will the people we import from and have work labor for us be happy with that?

    we can't just be a nation of consumers ....

    .
     
  8. Deckel

    Deckel Well-Known Member Past Donor

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    You are wrong. The US food/agricultural exports are indispensable for a great many nations and the US has the largest consumer market in the world in terms of consumption.


    No. The market would become saturated with tech and tech workers. You would basically be Walmarting the industry.

    Shifting demographics account for some of the aggregate numbers starting to skew away from what we would want them to be. GDP is too bloated with financial services issues. The fundamentals of the US economy are improving. They could be better. The haves have and the have nots have no hope right now. The democrats are doing the class warfare meme when they should be targeting specific areas with new programs and policies. They did not and now are going to lose the Senate and more seats in the House.
     
  9. Iriemon

    Iriemon Well-Known Member Past Donor

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    Do you have anything you want to add that relates to my post?

    I'm sure you can tell us again is that what happened is that 90% of Americans just decided to get lazy, stop getting educated, and decided to choose the "path of failure" at the exact same time of the Reagan "trickle down" revolution. And that is why so much more of the nation's income and wealth is going to the rich as instead of the middle class as opposed to 33 years ago. What a coinky dinky.
     

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