TheBrutalTruth
Well-Known Member
You know, it's simply amazing, but I think all these Yale and Harvard (Ivy League) types that Obama are surrounding himself with are the problem. They don't have a creative independent thought in their head.that was the change he was talking about.and you are assuming everyone is employed to get the 65 .the unofficial unemployment rate is at around 20% according to some experts.i think this is true.so welcome to the great depression.we will have a official unemployment rate of over 10% by the end of the year.congress will keep extending unemployment bennies though to try and stave off some more foreclosures .its all like a ball rolling down hill.all we can do is watch .it will end eventualy.when the ball gets to the bottom of the hill.
Japan tried to spend itself out of a recession with deficit spending. What did it it get, stabilization at 0% GDP Growth and an export driven economy that got whacked when the US went down hill. They also ended up with 150% of their GDP in debt.
The problem in Japan was ignored, and that problem is the same problem that the United States faces when competing against South East Asia.
Price Competitiveness.
Though what's more interesting is the fact that China has been modernizing their factories and shedding jobs left and right. 1.8 Million jobs in textiles versus 250K or so here.
It's an example of progress.
Raising tariffs isn't going to help, because they get their cloth from here, and if they can't buy American cotton, wool and fiber economically then they are going to use cheaper sources.
The only thing that tariff's will accomplish will be slashing our own throats. Especially since, what everyone seems to be forgetting, is that these corporation's aren't going to be paying the tariffs. The consumers are going to be paying the tariff's in higher prices. Just because their is price competition does not mean prices are inelastic. The first company that raises prices after a tariff hike will just set off a chain reaction of companies doing the same.
The best thing that can be done for the country is to get the government the hell out of the way. Slash taxes down to 0% with or with out a plan of bringing them slowly back up to restore our competitiveness.
Tell unions that if they stand in the way of modernization of factories that they will be forcefully dissolved. Wanting to preserve jobs and seeking better benefits are one thing, but when those desires stand in the way of making sure that there are still jobs to be had then they need to be ignored.
We also need to ignore the demands of the UAW and tell Ford, GM and Chrysler that if they don't use their loans to build new, modern factories that can compete effectively with THM (Toyota, Honda & Mitsubishi) and the Germans on our own soil then they aren't getting any more.
It's completely retarded to expect the taxpayers of the United States to subsidize unions if it means that we are going to be continuously on the hook covering them for their stupidity.
We also need to withdraw from WTO, GATT, NAFTA, CAFTA, and the whole slew of treaties that restrict our sovereignty, and our ability to craft our own regulations and subsidize our own industries.
Business is War, and the sooner the United States remembers this, the better off we will be.