It looks like we are (still) doomed. (WAD)
We are literally witnessing the collapse of our entire borrow-and-consume paradigm, the aftereffects of which will not be pretty, complete with hyperinflationary depression, riots, starvation and bloodshed.
Well, at least we have that to look forward to,
it won’t be dull.
2read
We may be getting to the point that tariffs alone, will not bring back American manufacturing.
We may need to start considering, actual blockades, against protectionist trade opponents.
One way or the other, sending US factories elsewhere, is destructive and dangerous.
Not a problem.
Simply import millions of Chinese to sop up the foreclosed homes at a fair price, reducing the supply and increasing the average price to where no one is underwater.
It will rebalance our trade deficit with China and allow the rest of us to get out from under our over-inflated mortgages and move elsewhere...
I know kids who have applied for sub $40k jobs with a hundred applicants.
I also know my small business is getting harder and harder each day to keep running. The attitude of fees has come to us. We are being charged by third parties who do invoices for our clients to submit our invoices. We are being charged thousands of dollars and hundreds of hours to participate in safety surveys and monitoring programs mandated by our clients who are mandated to do this by the Feds... it all just rolls down the hill. These programs are redundant to reporting and programs we already do. No regulations retire, they just get added on to the ones already there no matter the duplication or similarity.
On top of this IRS has declared open season on S Corporations. I know some who get audit or inquiry notices weekly from the IRS. They keep jabbing away until something sticks. Many just pay the claims instead of fighting it. Paying takes less time and less money and IRS knows it. The process is nothing but extortion.
I’m sure most of us break laws every day. There is no good way to keep up with it all. Then there is the specter of obastard care and all it brings to us.
Business in particular and small business in particular has a target all over it by this marxist administration.
I do think we are doomed.
Yet our ruling class keeps piling on regulations and taxes...
And voters keep voting for them...
Suicide.
THe entire problem with the economic outlook in this country is trying to ‘run the economy’ as a consumer based economy.
We need to be a producer based economy.
It appears Hope and Change has turned into Horror and Chains...
The belief that a fall in wage rates is equivalent to a fall in total wage payments and would thus result in a reduction in consumer spending and a deepening of a depression is naive.
Free market laissez-faire economists know that a contraction phase in the business cycle is cured by allowing wage rates and price to fall to a point where they have fallen more than the demand for labor and the demand for consumers goods. At that point, costs will have dropped enough to make investments in the present more worthwhile than investments in the future.And costs will be low enough that profits and rate of profit will begin to increase, and businesses will then begin investing more in hiring more workers and expanding.When prices fall just as much as wages, there is no decrease in the standard of living for the average wage earner. This is the way a free market naturally recovers from a depression. But this is precisely what the Keynesians deny, and government and unions try to prevent.
If you produce nothing that can be bought into overseas economies, you are a slave to domestic consumption. But of course, the US wages mean that we must buy foreign goods mainly. So the “economy” is little more than borrowing money internationally and churning it internally via “service jobs”. When the service jobs dry up, and the international fuel dries up, there is nothing to churn.
There is no such thing as a perpetual motion machine.
Good God ya’ll don’t have to be so paranoid, Democrats are going to get the economy moving;
http://twitter.com/#!/donnabrazile/status/195973635066953728
Donna Brazile “Democrats must get the economy to move fast enough in order to outrun the House Republican efforts to drag it down.”
Wait until the dollar is no longer the reserve currency for the world.
It’s coming.
I am employed by a major credit card company’s reward program. A call center. It sucks. But at least I am working. I have submitted at least 50 resumes in the last couple of months.Nada, zip responses. I have a good resume very good skills and work experience. A few of my friends have had the same results.There are no jobs out there people.