Tell me...What would YOU do about this economic mess?

It's quite funny it was Hoover's own ideas such as raising tariffs on foreign goods which led to the foreign countries to stop purchasing goods from America. Can't expect to throw a punch and not recieve one inturn...

 

Yes it is. We import more than we export so if they retaliate by raising tariffs on our exports to their countries it's no big deal. Making it more expensive to import will make it more feasible for people with money to create more businesses and thus more jobs in America and will offset the job loss due to less exports.

 

That was when companies produced from their own nations. 90% of goods with "made in China" on them are NOT Chinese companies. Even in the worst of times, we have the market all would go under if not selling in. Sure China is now buying goods from other places like Japan, but if American companies came back because it was cheaper to produce here again, China would be back to square one. Now that all of the world has a taste for capitalism, it is our consumption that fills their pockets and wets their appetite. If we had genuine leaders, we would take advantage of such a situation. We are losing 20 trillion annually as a nation so large firms can make 10 trillion annually collectively instead of 5 trillion. Our "leaders" should be hung. I don't think the world have ever seen such a government on the take.

 

For an average American citizen, that is all that matters. For someone like myself who analyzes the policy we enact, and is looking to go into the field of politics on an international scale, looking at the policy with a magnifying glass is a requirement, and so is creating policy.

 

Right our consumption is everyone else's biggest want. We shouldn't sell it for cheap, we should apply tariff's when applicable vs those countries who don't have our standard of living. Keep it low or non-existent vs countries with equal standards of living.

And if it hurts exports a little, so what. We import more than we export and homemade products will make up the difference.

 

Ending this economic Mess?

-End the wars...bring all troops back home
-Eliminate fraud of entitlement programs+eliminate some entitlement programs
-legalize some drugs and put huge taxes on them
-extend taxes into lower income earners
-lower taxes on the rich
-fix tax loopholes for corporations
-privatize lots of government programs

-job creation and lower tax rates lead to more revenue...

 

There is no "job creation" no matter what we do while free trade is in place. The math simply isn't there. Some industrialized nations have managed to keep jobs, but it is because their companies don't want "made in backward country" on their product. American companies have no such scruples. To tax the bottom workers, with how much has already happened to them, is to invite revolution. I almost hope the globalists are naive enough to do so.

 

I will have to disagree with you on this one, OldManOnFire.

If we don't teach these radical Islamists a very good lesson, they will continue to attack us again and again, like they did on 9-11.

They fervently believe what Muhammad said to his followers in 622 when he founded the first Islamic state, a theocracy in Medina, a city in western Saudi Arabia located north of Mecca , "Give your neighbor an opportunity to convert to Islam. If he does not convert, kill him!"

These are very barbaric people and they cannot be reasoned with. We have no choice but to strike them hard and make them afraid to attack us ever again!




Just what we need ... more radical Muslims in the world! "But the freedom the Muslim Brotherhood and other Islamic groups want is “freedom from democracy,” and the justice they want can only be found under Islamic rule. The freedom and justice they seek by overthrowing democracy can often only be attained through violence.”

 

The costs for EVERYTHING will substantially increase. How anyone can advocate protectionism when things are already to high makes ZERO sense.

Making things harder to get and more expensive will decrease employment and create more misery.

 

Muslim!?

I thought it was a Tea Party guy sitting there.

 

Actually they are. Or technically, they're at least 50% Chinese and will become 100% Chinese after 20 years, IIRC. China is very protective of its domestic market. If you want to sell in China, you have to have a Chinese partner.

 

I think you should give this a try and see how it works...

 

What objection can there be to solving this economic mess by upgrading our human capital infrastructure by ensuring full employment of resources in the market for labor, as a permanent form of economic stimulus that can eventually generate a return on that investment through a positive multiplier effect?

 

We did, once. Ever hear of the Smoot-Hawley Act? It was one of the factors in the Great Depression.

 

And meanwhile we look like idiots...

 

You can disagree all you wish, and the ONLY way to achieve what you are looking for, is to kill every single one of THEM, and in this process of killing every single one of THEM you will make more enemies and all you have created is infinite war scenarios.

You call them barbaric...but which country is it who is involved in 5 wars right now? And not a single one of them for defensive reasons!

There are something like 1.7 billion Muslims and they are growing. Anyone who believes they are going to fight Muslim ideology and win will find they are wrong. And anyone who believes that the Muslim ideology is inferior to whatever myriad beliefs others have, is simply being righteous!

 

No one is talking about selling in China. Wtf can people who make 12 dollars a day buy? I'm talking about companies, American, who outsource to China. You actually trying to say after 20 years China is going to nationalize American companies? That's retarded. They already own the factories, they can't nationalize the brands contracting them globally.

 

Interesting, but irrelevant to the point you raised and I responded to.

 

The problem is not radical Muslims but radicals in general. Since you are taking a radical stance against Muslims, many of whom are anything but radical, you are the problem. The solution you propose, a general attack on Islam, a religious crusade, a jihad, will do nothing to solve the problem and everything to exacerbate it.

Your proposal is ignorant and foolish, something only a dangerous radical seeking to engulf the entire world in war and destruction would even consider. Is that your goal?

 

Because when you spend money you don't have the net effect will be marginal at best.

Just building infrastructure for the sake of building it or because your empty rhetoric makes you feel good about yourself will not move the economy. This economy will not recover until the billions in wealth that evaporated in 2008 somewhat recovers. Spending trillions of dollars you don't have will not motivate people to buy; it scares the hell out of them because they are intelligent enough to know they will be paying this monstrous bill.

Individuals also can see through the class envy idiot DNC talking points claiming the rich and corporations have to pay more taxes; they know that if you raise taxes on corporations they will only pass that down to the consumer. The other result may be moving to a country that doesn't burden them with extreme taxes and burdensome regulations. More jobs will then be lost.

 

I can't believe I'm the one people think are crazy for wanting protectionism, while those who argue have a platform and debate such as this:

A) We need to tax more, borrow more, spend more....by all means, that has been the big government creed for 3 decades, everything has gone downhill while it took place. Why on earth would you think anything would change?

B) Corporations should pay no taxes while everyone should pay more. Are you nuts? Any wealth saved goes into Wall street to be gambled away like a drunk husband with the debit card in Vegas, or goes into creating jobs for other nations. While free trade is in place, no one is going to make jobs here just to be nice. We are still the most vibrant market on earth. Access to us is what makes people rich.

So if we put protectionism in place, our own companies would stomp their feet in disgust, some probably would leave the country to prove a point. But foreign companies would not care. They would keep making money, pay the tariffs or build plants here to go around them. American companies would slowly come back as they have the ultimate advantage in getting away from the protectionism, and slowly but surely all the jobs would trickle back in as they have left in the 1st place.

No more government desperately trying to find money.

No more corporations having our economic sovereignty and government by the balls.

I know the (B) crowd are on the take and making record gains. How the (A) crowd doesn't see the problem is what truly blows my mind.

 

You are both misguided...

 

Please, by all means, explain how jobs can be created in America under globalism, OMOF. Do what no one can do. I want to hear it, then by all means, send the plan 1st class to Washington.

 

Well, today we have about 135 million Americans working...so there are definitely lots of jobs in the USA...and there have been lots of jobs for decades now during which time the USA has been involved globally.

The only way you can have protectionism is to ignore the FACT that most of the world's nations today are involved in a global economy. If they can do it, why can't the USA?

If you were a nation that was 100% self-supporting, having all of it's natural resources, endless oil, minerals, etc. and never needed to trade with anyone, then perhaps you can have a protectionist society. The USA is not self-supporting!

If you want simple answers, maybe we can; eliminate the minimum wage, and have tax-free trade zones, and we can raise the aggregate American IQ a few points with better education, and lastly...if it's jobs you want...then instead of vilifying corporate America and success stories like Bill Gates, why not do whatever is needed to give American industry the best possible chance of competing in the global marketplace...

 

All the same regurgitated rhetoric we hear every day as things get worse and worse. The official number of unemployed and underemployed is horrendous, and everyone know the "official" anything is a farce. American corporations are doing better than ever, it is the American worker who has been left in the dust. There is no common denominator amongst nations on earth. America had the most before globalism, so America will lose the most. China and India were in the perfect position for globalism, so they will gain the most. Corporations and super wealthy are above needing nations, so they will succeed no matter what happens. Either the state represents all Americans, or it does not. If it does not, then we need no state and should be able to enjoy all the fruits of our working labor left before the greatest market the world has ever seen goes under. And that time is approaching fast, especially as more and more are going to school under the false assumption there will be something for them when they leave. Doctors, lawyers, engineers will soon be lucky to call themselves middle class. People who aren't elite, but doing well, while telling the likes of me to shut up, are no different than the guy riding shotgun in a drunk drivers car, heading for a cliff, yelling at the guy in the back who is telling the driver to slow down. It might be the drunk drivers car, the drunk drivers fault, but we are all going to die when this ride is done.