Posted on 11/27/2011 5:29:36 AM PST by radioone
I warned last week that a recession and higher unemployment were about to hit the U.S. economy. On Tuesday, the Bureau of Economic Analysis cut their estimate of growth in the third quarter ending September from 2.5% to 2%. Then on Wednesday, the Federal Reserve rocked financial markets by forcing America’s 31 largest U.S. banks to “stress test” balance sheets to determine their capability to withstand an 8% drop in the economy; which would cause home prices to plunge by 21%, and unemployment rate to jump to 13%.
(Excerpt) Read more at biggovernment.com ...
Just when we had some common ground on Tariffs which I actually found very valid! I like your concept of equal Tariffs.
However, where we are polar opposites... I believe in the American people’s ability to overcome and adapt. I do believe that some are inherently lazy and don’t want to be retrained, and for them too bad. McD’s and WalMart are hiring, along with Farmers to pick fruit. But that is their choice as there are 1000’s of jobs between Doctor and an EE. (Frankly who’d choose to be a Doc right now... eek)
I believe that given a reason we as a people can do anything.
If by repetition you mean putting a washer on a bolt... no. It will end. Automation will improve, and improve; hell robots will soon remove Chinese workers as well. In fact look at FoxConn recently. (They make the Apple hardware) They have identified that they will be purchasing LOTS of robots.
http://www.reuters.com/article/2011/08/01/us-foxconn-robots-idUSTRE77016B20110801
Liberals have complained for years how Apple doesn’t care about the low wage earners etc... So now... they won’t use human labor at all. It’s a real win-win isn’t it! Now 400,000 Chinese workers will be out-of-work. Bonus!
The same has and will continue to happen here. However, once we have Robots replacing Chinese workers... then the next opportunity will be running robots as efficiently and cheaply as possible. That means cheap energy costs, cheap taxes etc. That means companies creating robots cheaply.
Equilibrium is already starting to happen between the Chinese labor force and us. Factor in the cost of shipping and handling and it’s getting VERY close. So once the Chinese use Robots... well we can use robots...
Making a few more pennies IS the point. The government and unions continue to lie to the people about how “unfair” it is to outsource... when instead they should be leading to create a modernized competitive work-force. And that means NEVER ceasing to learn, and never giving up on trying to improve oneself. The days when a Union worker would be paid more $ each year for doing the exact same thing are over. (In my opinion) Giving a raise for doing the exact same job is just bad business unless a competitive company is trying to hire your people. Why in the world would I pay someone more each year to do the same job? Jeez I actually think I should pay a person less each year to incentive them to grow!
My 3 rules still hold true here. If the government gets the hell out of the way and allows us to unleash our creative American spirit we can completely change the world. But for now, many will stay on the side-lines believing it’s not worth the risk with so much uncertainty.
Cheers,
Just when we had some common ground on Tariffs which I actually found very valid! I like your concept of equal Tariffs.
However, where we are polar opposites... I believe in the American people’s ability to overcome and adapt. I do believe that some are inherently lazy and don’t want to be retrained, and for them too bad. McD’s and WalMart are hiring, along with Farmers to pick fruit. But that is their choice as there are 1000’s of jobs between Doctor and an EE. (Frankly who’d choose to be a Doc right now... eek)
I believe that given a reason we as a people can do anything.
If by repetition you mean putting a washer on a bolt... no. It will end. Automation will improve, and improve; hell robots will soon remove Chinese workers as well. In fact look at FoxConn recently. (They make the Apple hardware) They have identified that they will be purchasing LOTS of robots.
http://www.reuters.com/article/2011/08/01/us-foxconn-robots-idUSTRE77016B20110801
Liberals have complained for years how Apple doesn’t care about the low wage earners etc... So now... they won’t use human labor at all. It’s a real win-win isn’t it! Now 400,000 Chinese workers will be out-of-work. Bonus!
The same has and will continue to happen here. However, once we have Robots replacing Chinese workers... then the next opportunity will be running robots as efficiently and cheaply as possible. That means cheap energy costs, cheap taxes etc. That means companies creating robots cheaply.
Equilibrium is already starting to happen between the Chinese labor force and us. Factor in the cost of shipping and handling and it’s getting VERY close. So once the Chinese use Robots... well we can use robots...
Making a few more pennies IS the point. The government and unions continue to lie to the people about how “unfair” it is to outsource... when instead they should be leading to create a modernized competitive work-force. And that means NEVER ceasing to learn, and never giving up on trying to improve oneself. The days when a Union worker would be paid more $ each year for doing the exact same thing are over. (In my opinion) Giving a raise for doing the exact same job is just bad business unless a competitive company is trying to hire your people. Why in the world would I pay someone more each year to do the same job? Jeez I actually think I should pay a person less each year to incentive them to grow!
My 3 rules still hold true here. If the government gets the hell out of the way and allows us to unleash our creative American spirit we can completely change the world. But for now, many will stay on the side-lines believing it’s not worth the risk with so much uncertainty.
Cheers,
nope sorry. won’t buy anything I don’t need
the only way to insure we get rid of progressives is for it to get very, very bad
and not allow them to ‘blame Bush’
You know for a long time I was too ignorant to fully comprehend the Fair tax. And I may still be somewhat on the entire national scale... but the more and more I think about this... the more I like it.
I was for a Flax Tax before, but I never thought of the money that comes from overseas, crime, under-the-table money, etc... All of which Flat tax misses.
I’m with you on a fair tax now though. I think a fair tax could really revitalize the economy. As long as it was created with an absolute rule that it could never be in addition to any other tax, it would give businesses a reason to invest.
Thumbs up!
Electronics? What?
The answer is... almost everything, EXCEPT electronics..
http://www.nytimes.com/imagepages/2011/02/11/business/20110212_CHARTS_graphic.html?ref=economy
The death of US manufacturing has been GREATLY exagerated. We still make LOTS of things in this country. More than ANY other country on earth. And, if this damned government would just get OUT OF THE WAY... even a little... we'd make a LOT more.
Electronics? What?
The answer is... almost everything, EXCEPT electronics..
http://www.nytimes.com/imagepages/2011/02/11/business/20110212_CHARTS_graphic.html?ref=economy
The death of US manufacturing has been GREATLY exagerated. We still make LOTS of things in this country. More than ANY other country on earth. And, if this damned government would just get OUT OF THE WAY... even a little... we'd make a LOT more.
I was talking about total production not exports. We are falling in just about every heavy industry.
“We all had a hand in this. We destroyed our own industry.”
There is a lot of truth in this.
We’ve ALL known what has been happening, for decades. But we are always “too Busy”, or we have kids, jobs, etc, whatever the excuse is.
While we were working, THEY were planning, organizing, fundraising, marching, buying politicians, extorting tax money to be used for campaigns and politicking, etc.
Now we live in a nation that is actually run by the radical Socialists who wouldn’t even have been allowed in the room 20 years ago. These aren’t Democrats, they are RADICALS. The real Democrats are on the sidelines now, asking what the hell happened.
And until WE decide it’s time to take to the streets, we’re screwed.
“We all had a hand in this. We destroyed our own industry.”
There is a lot of truth in this.
We’ve ALL known what has been happening, for decades. But we are always “too Busy”, or we have kids, jobs, etc, whatever the excuse is.
While we were working, THEY were planning, organizing, fundraising, marching, buying politicians, extorting tax money to be used for campaigns and politicking, etc.
Now we live in a nation that is actually run by the radical Socialists who wouldn’t even have been allowed in the room 20 years ago. These aren’t Democrats, they are RADICALS. The real Democrats are on the sidelines now, asking what the hell happened.
And until WE decide it’s time to take to the streets, we’re screwed.
They’re paying workers $100 a month in Vietnam. We have to make it better, because we sure can’t make it cheaper. Get the stupid Democrats out of the way, and we can do it.
They’re paying workers $100 a month in Vietnam. We have to make it better, because we sure can’t make it cheaper. Get the stupid Democrats out of the way, and we can do it.
Really?? Because, your question specifcally mentioned EXPORTS.
Mfg is UP, across the board, in the past 10 years... practically every industry. Not as much as it SHOULD be, or COULD be. But... up.
My point is.. the USA still PRODUCES.. MANY things. It's a myth that we don't.
Who is the candidate that says he’ll slash 1 trillion in the first year? Who has dared say he’ll eliminate at least five government agencies during that first year?
Good statements/questions BUMP!
DEFUND socialist collectives, foreign and domestic. DISMANTLE when necessary. DEPOPULATE socialists from the body politic
Nothing else will do, nothing else is acceptable..Nothing else should be tolerated.
Going along, getting along, business as usual...Support the better evil...And they'll eventually lay this country to waste.
It’s a world economy and the citizens of the US should understand that best being that the dollar is the reserve currency.
The US is one of the few governments that taxes income made in another country. Besides foreign local taxes and fees to be paid, a US corporation is saddled with paying US tax on monies made outside US borders (of course unless your company is named GE). No manufacturing or labor used to make a product still requires US income tax to be paid because your headquarters is based in one of the States.
Tariffs are ridiculous as their costs are passed on to the end consumer/user. Any money going to the government, goes where? As an example: How’s the tire tax helping anything? Who ends up really being punished?
Someone mentioned Cain’s berated 999 plan in a their post. The 999 plan is shot down because there is no contingency for absolving the 16th Amendment. Or taxpayers could be stuck with the IRS and 999 each year.
Even this crop of presidential candidates is woefully short of grassroots convictions. More of the same old same old.
Still being a (hamstrung) free society the US trumps anyplace else in world with its powerful consumers and a war machine to beat all. Too bad we were driven into debt.
Rank Country/Region 2007 2008 2009 2010 Crude steel production (million tonnes):
2007 2008 2009 2010
— World 1,351.3 1326.5 1,219.7 1,413.6
1 China 494.9 500.3 573.6 626.7
— EU 209.7 198.0 139.1 172.9
2 Japan 120.2 118.7 87.5 109.6
3 USA 98.1 91.4 98.2 80.6
4 Russia 72.4 68.5 60.0 67.0
If you check out the stats on here for 2011, you'll see that steel production in the US ROSE from 2000 through 2007.. from 90 to 98 million tonnes per year.
yes... in 2008, it plummeted.. to 58 tonnes. We had a little financial collapse.... you might have noticed. But, it's been coming back strong since then. ALMOST, back to where it was.. pre-crash.
But, steel is not everything. Check out chemicals...check out spirits! (Whiskey production is WAY up!)
Over the past FOUR years.. yes, many things are down. But, over the past TEN years.. (your original point)... MOST industries are still UP.
As for the problem of importing more than we export, the primary problem is not that foreign goods are too cheap, the primary problem is that domestic taxes and regulation are too oppressive. Tariffs do nothing to solve that.
Ah, but nobody considers that many jobs go unfulfilled by willing workers because it’s illegal to pay what the necessary work is worth.
I have no problem with tariffs against those who put tariffs against us, and I wouldn't wait to levy them.
As for countries such as China, I wouldn't allow direct trade with them at all, due to an oppressive government.
My point was that blanket tariffs aimed at promoting domestic industry will fail.
That said, be aware that when you start calling devaluation of currency a tariff (which it is), everyone in the world can point to us as the biggest culprit.
Yep, and not a new thing.
See “Essays on Political Economy” by Frederic Bastiat (1874)
http://www.gutenberg.org/files/15962/15962-h/15962-h.htm
go to: “That Which Is Seen, and That Which Is Not Seen”
In the department of economy, an act, a habit, an institution, a law, gives birth not only to an effect, but to a series of effects. Of these effects, the first only is immediate; it manifests itself simultaneously with its cause—it is seen. The others unfold in succession—they are not seen: it is well for us if they are foreseen. Between a good and a bad economist this constitutes the whole difference—the one takes account of the visible effect; the other takes account both of the effects which are seen and also of those which it is necessary to foresee. Now this difference is enormous, for it almost always happens that when the immediate consequence is favourable, the ultimate consequences are fatal, and the converse. Hence it follows that the bad economist pursues a small present good, which will be followed by a great evil to come, while the true economist pursues a great good to come, at the risk of a small present evil.
In fact, it is the same in the science of health, arts, and in that of morals. If often happens, that the sweeter the first fruit of a habit is, the more bitter are the consequences. Take, for example, debauchery, idleness, prodigality. When, therefore, a man, absorbed in the effect which is seen, has not yet learned to discern those which are not seen, he gives way to fatal habits, not only by inclination, but by calculation.
This explains the fatally grievous condition of mankind. Ignorance surrounds its cradle: then its actions are determined by their first consequences, the only ones which, in its first stage, it can see. It is only in the long run that it learns to take account of the others. It has to learn this lesson from two very different masters—experience and foresight. Experience teaches effectually, but brutally. It makes us acquainted with all the effects of an action, by causing us to feel them; and we cannot fail to finish by knowing that fire burns, if we have burned ourselves. For this rough teacher, I should like, if possible, to substitute a more gentle one. I mean Foresight. For this purpose I shall examine the consequences of certain economical phenomena, by placing in opposition to each other those which are seen, and those which are not seen.
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