What could be done to create large scale employment?

The way to deal with unemployment is to set those out of work to useful public activities - lynching bankers, for instance.

 

Eliminate social welfare and we'd see a huge influx of workers suddenly willing to do all the jobs Americans are currently unwilling to do.

The problem today is that we simply do not want to do hard dirty jobs any more and can choose to take lower paying low stress jobs and then rely on handouts to supplement our income.

We've designed a system that allows people to be lazy and useless. There aren't a lot of jobs out there for lazy and useless people.

No one wants to do welding for a living. When the choice is weld or your kid eats hot dogs and rice again, people will do it.

 

The great thing is to eliminate food and medical care, then they will all die - though then, of course, the Republicans themselves will have to work instead of just wasting away their lives talking about it.

 

Yeah because before LBJ's war on poverty America was a barren wasteland of starving people.

All the care we give people is creating more poverty and then spreading the pain to the upper and middle class who then have to support them.

And to our children, who will grow up in an America that will go the way of Greece, and collapse.

 

Our situation is worse than Greece.

 

Invade China

 

Making more jobs is Easy Part. The hard part is to lower Taxes, so More Jobs can be Created. The last 4 years Taxes were to high for Businesses and Bank Loans,Credit Card Interest Rates to High. Plus Health Care Insurance Should be taken care of by the Government or a New World Health Plan for all Countries. Businesses don't have the Capital for Health Insurance for All Employees.I would have Health Care for All Countries of this Planet Earth.

 

Every time a liberal asks this question, they really do not want to hear the answer.

 

Now there is a very complicated plan that would create massive employment and prosperity... hang in there its complicated.........
......
......
RON PAUL!

 

Right Jack , at that time it also disgusted me + millions more.

But on reflection the BRITISH GOVT ,which include Scottish elected members , acted alongside French/Italians + very likely , - US admins, behind the scenes support. It might not have been a total waste , as it secured/protected, British shared interests in Libya's oil + gas . A gamble which we might all benefit from in future. .
-----


"No matter what political reasons are given for war, the underlying reason is always economic. " A. J. P. Taylor


btw The global recession was due to British Govt or even Obama's admins policies .

Some main causes :

1. The US Real estate market crash - People thought that the real estate prices in US would never come down. but when it did, it brought the whole economy with it

2. The subprime mortgage loans - Loans were given to people with bad credit history.
3. Subprime Mortgage Backed securities - The derivative products produced by investment banks that cast the spell of doom on them. Example lehmann..
4. Credit Default Swaps - Insurance obligations that were created to save investment banks from loan defaults. This caused the insurance companies get into trouble. example AIG

====

 

You can include politicians.





...

 

But first the lawyers.

 

You were arguing earlier that the blame was on Bush and Glass Steagall. The Glass Steagall Act wasn't repealed. Only one provision was, allowing commercial and investment banks to own each other. I've yet to hear the argument that allowing that caused the recession.

 

I agree that the public sector should compete with the private sector for labor in times like these, in order to better ensure full employment.

 

Glass-Steagall was essentially rendered null and void when that provision was repealed. You saw a massive increase in bank consolidation as well as financial innovation after the change. However, the recession was caused by factors including the changes to Glass-Steagall.

 

Obviously the entire bill wasn't repealed, otherwise we wouldn't still have the FDIC. But the repeal of certain provisions in the Glass Steagall Act is what led to the buying and selling of toxic asset securities. Because the banks were trading so many of these bad securities with each other, they eventually lost out on a lot of money. Its how Lehman Bros went into bankruptcy and what almost destroyed our economy completely.

Before that was repealed, regulators were able to prevent banks and investors from speculating things like the housing market. But when republicans pushed forward with repealing that provision, its what gave banks an opportunity to completely screw things up.

The reason why I partly blame Bush for this, is because it happened during his watch. Even when people were seeing the signs of what was to come with the housing market, nothing was done to prevent it.

 

Regardless, government has a duty to protect the public from monopoly. Allowing anything to get "too big to fail" is a failure of our system and legitimate duties of the government. This consolidation of banking was going on before the partial repeal of Glass Steagall.

 

I'm not sure how allowing the merger of commercial and investment banking allowed the buying and selling of toxic assets. I see that happening in any case. But the repeal was helpful during the financial crisis since as banks were failing left and right, it allowed Bank of America to buy Merrill Lynch and Bear Stearns to be bought by Bank of America and J.P. Morgan Chase.

I think the financial crisis could have been much worse without the ability for the different banking sectors to buy into each other.

 

The answer to this thread would be found in the thread about manufacturing, wouldn't it?

 

The repeal of provisions in the Glass Steagall act played a big role in the economic collapse. Before that repeal, the federal government wouldn't allow banks to turn mortgages into securities. Wall Street just got greedy and with the help of the ratings agencies they sugar coated crap mortgages and earned a lot of short term cash.

All of this is public knowledge and you can easily find plenty of sources that say the same thing. I'm not giving opinions or pulling things out of thin air. These are facts.

 

If I was a simple consumer I would suggest re-gurgetating all the stuff FOX media tells me to. Because that's what jeasus would do.

 

Pro-tip: when you have nothing left to say, say nothing.

 

Not a good "corporate" servant huh? Good for you!

 

The only way to really get jobs back is for America to start building something new that can be exported around the world on a large scale. We need to be developing new technology, collecting untapped resources, creating new materials that other countries want. Gov't can help with that, but its really up to the private sector to do most of the heavy lifting. This idea that Uncle Sam is going to tell us to build a new bridge, or thousands of new homes as the solution to our problem is ridiculous. That only creates a few jobs for a little while. But when those public works projects are done, what is there left to do?

The other problem is that since the end of the cold war, the rest of the world has become much more competitive, much more educated, and much more integrated with each other. So of course countries like China, India, and Mexico are going to be taking away a lot of manufacturing jobs that were once ours. Its cheaper to build overseas, employees get paid significantly less, in some cases their workforce has better training than us. Lowering taxes is not enough. Those who argue that we can lower taxes to create more employment are either lying, or completely delusional. We won't be able to fix this until we come to grips with the fact that the rest of the world is catching up to us.

 

They are catching up to us in other ways that will be positive. The educated and employed eventually demand better pay and conditions and pay scales are better than they used to be. A good example is India. I work with Indians and their pay is better than it used to be. As long as this grows, it will eventually become as cost effective and more desirable to manufacture here. I see more businesses coming back to the States the next 5 to 10 years.