well there's not many more that can be laid off, unless the place they work closes we gotta hit bottom sometime, but not yet...
Posted on 03/03/2011 12:14:13 PM PST by george76
Presidents don’t “export” jobs at all. Your view of the economic process is delusional but commonly held by the Left. Products are made more cheaply in different countries because they can be made cheaper there. They can be made cheaper because other countries don’t have as high labor costs, expensive regulations to fulfill, huge tax burdens, etc.
So the economy is all my fault personally? I did not know that!
Sure they do with the trade agreements they sign. Trade means we buy product from you and you buy product from us. Trade is not we buy product from you in exchange for jobs, factories and treasuries.
Are you President or a job-exporting trade negotiator?
The world is in turmoil, Wisconsin can’t get a bill passed....California still has Moonbeam....Why is the Stock Market Up ?
There is the real economy that is tracked by sales tax receipts, unemployment, real estate values, food stamp participation, etc. And then there is the imaginary economy tied to ponzi scheme financing and currently propped up by TARP, Obama Stimulus, QE1, QE2, .... on and on. The stock market is basically front running the ponzi scheme financing and could care less about the real economy. The minute the FED is forced to quit pumping the billions of dollars into the TBTF banks and Wall St. investors, the market will plummet like a rock.
Bottom line, no one beats an exponential growth curve of debt or need to constantly grow, which is what eventually collapses every ponzi scheme. They are stalling as long as possible, but they do not have the means to double down again.
Sorry, but you are absolutely WRONG!
Trade agreements are fine, but we are not level. Our companies have to comply with multiple, overlapping agencies covering safety, security, shipping, testing, environment, etc as well as onerous taxes at the federal, state, county and local levels that all overlap one another.
Our businesses and our workers can compete with anyone in the world, even if they make 10 cents an hour. Our workers and businesses are far more productive, something rarely talked about.
Our productivity makes us the world leader in manufacturing, even today, despite everything I cited above.
How unexpectedly unexpected!!! (DRINK!)
Those are the costs of living in a first world America under an elected government passing laws. Companies spend enough money in Washington to amend whatever they want. Having a company in America should have worth to an organization unless they put money before country.
I can't make any sense out of this, but NASDAQ 5000 and the housing boom didn't make sense to me either.
well there's not many more that can be laid off, unless the place they work closes we gotta hit bottom sometime, but not yet...
Higher gasoline prices will result in more layoffs. Should gas hit $5/gal this summer, expect at least 2 million ADDITIONAL layoffs (private sector), with 2 million employees being reduced to part-time, and another 4 million being forced to take further pay cuts.
we gotta hit bottom sometime, but not yet...
Companies that can will continue to cut to the bone (cutting employees, wages, and hours), many businesses will not survive $5/gallon gas and other inflationary pressures as peoples wages go down and more are unemployed. Foreclosures will skyrocket, both residential and commercial.
There’s a lot of cynicism on FR about the MSM lack of reporting, but I feel that this is a poison pill for the economy and Baraq’s chances in 012.
I feel like I am watching my country implode. I am one of the lucky ones to have a job-I was unemployed for almost a year after being laid off from a great job where I made $24.00 an hour. Now I make $8.40 an hour.
I see the struggles people are going through. I have several friends who have filed bankruptcy or gone through short sales on their homes after the economy tanked. A good friend of mine had their vehicle repossed tonight because in this economy his business is struggling and he just can’t make ends meet.
I don’t see it getting better anytime soon.
But it is not always the elected government doing this, it is the appointed bureaucrats and judges imposing mandates and taxes.
You don't get it. Companies would not spend money on lobbyists if gov't did not have an influence in their market and could choose winners and losers.
If gov't would stay the hell out of the way, it would eliminate 80% of the lobbyists in DC.
But you don't understand that, do you?
The list, ping
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Trade agreements CREATE jobs in both countries. This has been known to economists (if not by labor unions) for a couple of centuries. Trade is not a zero sum game.
But the Left has convinced too many that job losses are because of international trade. Why do they peddle that crap? Because it gives the government more power and allows unions to increase wage demands even while screwing everyone else.
People are more clueless about economics than any other important area of life.
Sorry forget the Left slant. Look at what you buy and see where it was made. That tells you to where trade has exported the jobs.
Things are made where they are because of cost differentials. You can chose to pay more for your lifestyle if you like but I will continue to drink Beck’s.
It is the lower classes which would suffer most under trade restrictions since the price increases of using only domestic would have a larger impact on them.
Trade does not “export jobs”. Jobs arise where the price of their work has a competitive advantage in the international market. The object of the capitalist economic system is to make a profit and Unions and excess regulation have removed the ability to make a profit sufficient to keep production in this country for many, if not most, lower priced items altogether and much more.
Of course, our population’s almost total ignorance of economics hasn’t helped reduce the anti-business attitudes of the media and educational system. This allows the continual election of democrats and governmental finance havoc.
American’s traditional role has been as an innovator wherein new products are created and initially produced. Then the production goes out into the rest of the world and is eventually produced there. Nothing new but rather that is the way the world economy works at its most efficient.
Government gets much of its power from intervening in that process to the applause of the ignorant.
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