03-23-2011 10:53 AM - edited 03-23-2011 11:00 AM
you guys have it completely backwards....what caused the GREAT RECESSION was not regulating derivatives....this lead one thing to another and caused the entire market to crash. Before this, there were many bubbles that would burst which did not affect every industry and the entire world!
And going back to devaluing the dollar. THAT IS EXACTLY WHAT WE NEED...A DEVALUED DOLLAR, so we can export more US goods and create more jobs which would increase the GDP. This is the whole reason why jobs are coming back! How do you think China got to where it is today?? They devalued their own currency!
If you think all this can be fixed in 2 years...then you know nothing about economics!
And if you wonder if the current administration made the right decision with bailouts...just look outside! Does it look like anything like the GREAT DEPRESSION?
Hell NO! Things are turning around...but the ignorant look at short term and believe the grass is greener on the other side.
And in regards to debt....Japan has 4 times that of the US (percent of GDP)...the most successful investor in the world, Warren Buffett sees many years ahead of us!
Which economist are you gonna listen to?
03-23-2011 11:16 AM
. You succeed by giving the consumers what they want.
No, no, no - you succeed by giving consumers what they don't want - mortgages that reset to 19% after 3 years.
03-23-2011 11:29 AM
manowar:
You would have a valid point if not for the fact the china is a command economy.
You are not comparing apples to apples. It is a fact the all other things equal a non union company will enjoy a competative advantage over a union company.
Clinton and congress planted the housing bubble seed the reason it ballooned so badly was the fact that the American people and the FED were asleep at the weel. Things were going great and no one wanted to be the guy to tell the king he was naked.
People in America think they have the right to happiness, you dont. You are only guranteed the pursuit of happiness. Untill we the people and our elected officials wake up to that fact we will continue to circle the drain.
03-23-2011 12:49 PM
Joe0121 wrote:manowar:
You are not comparing apples to apples. It is a fact the all other things equal a non union company will enjoy a competative advantage over a union company.
The remark about Clinton isn't worth a reply, but the remark about unions is.
Obviously, one does not need a degree in economics to understand that you can sell your product cheaper if you save money on wages, worker safety, bathroom breaks, not letting lead and broken glass get into your canned food exports, etc.
That's why in a properly functioning country ( which the USA is not ) you would have tariffs preventing people from opening up plants in China to undercut prices using those techniques. Internal companies would be forced to allow unions. Workers, being rational would choose unions, and companies would not have the excuse available that they are simply trying to compete internationally.
Things used to be this way. Unions used to be strong, and America was the top country on earth. Then the rich took over control of both parties and created "free trade" and destroyed the power of labor, and started shrinking the middle class.
If you are wealthy, this process may have been very good for you - at least until the day when angry starving mobs kill the private security force you have stationed in front of your private estate.
Since you are on DICE, most likely this process did not benefit you.
03-24-2011 10:38 AM
http://danielamerman.com/articles/protests.htm
What we are seeing in Wisconsin and in other state budgets across the nation is not really about the states so much as it is a federal unraveling, as the government toys with allowing artificial employment levels to decline. As described in detail in previous articles, the US economy is in far worse shape then presented by the government and mainstream media. The private US economy has been in depression since late 2008, and as discussed herein, this is made indisputable by the "truth test" of actual state tax revenues that are not easily subject to federal statistical manipulation
The depression has been hidden by funding artificial jobs with artificial money, which is an inherently unstable and dangerous process. Looming nationwide compensation and employment cuts for state, county, city and school district workers represent a public "testing the waters" with a partial reduction in artificial employment - which may then bring the true state of the economy into plain view, with unemployment, inflation and tax rates all rising simultaneously.
03-24-2011 09:05 PM
Unions have no buisness in politics and the day the first union dollar went to a campaigne fund it was all over.
03-24-2011 11:44 PM
Joe0121,
"Unions have no buisness in politics and the day the first union dollar went to a campaigne fund it was all over."
Unions are there to counter balance corporate power. As long as corporations exert influence in the political process, then there needs to be a counterbalancing force, otherwise everything gets out of control.
03-26-2011 08:31 PM
Joe0121 said: "Unions have no buisness in politics and the day the first union dollar went to a campaigne fund it was all over."
Jobtalk said:
Unions are there to counter balance corporate power. As long as corporations exert influence in the political process, then there needs to be a counterbalancing force, otherwise everything gets out of control.
Actually, if I had my way NEITHER the Unions OR the corporations would be allowed to spend money on campaigns. The House was supposed to represent the PEOPLE, not unions or corporations. The Senate, prior to direct election by the people was supposed to represent the states. I'd love to see us unwind direct elections of Senators, and remove all PAC, Union and Corporate money from elctions.
Aint gonna happen, but I wonder if it wouldn't be an improvement from the sorry mess we are in today.
Oh, and lobbying should be a capital crime...
03-26-2011 11:51 PM
acp19809,
"if I had my way NEITHER the Unions OR the corporations would be allowed to spend money on campaigns. The House was supposed to represent the PEOPLE, not unions or corporations."
Actually I could agree with that too. However, realistically I can't see that happening. Corporations will remain at the steering wheel with politicians at their feet putting on a show. They have the money, they set the rules.
"Aint gonna happen, but I wonder if it wouldn't be an improvement from the sorry mess we are in today."
There's no doubt about it.
British Monarchy : 17th century colonists :: Corporations : modern employees
We want independence, again.
03-27-2011 07:22 AM
Job Talk wrote:Joe0121,
"Unions have no buisness in politics and the day the first union dollar went to a campaigne fund it was all over."
Unions are there to counter balance corporate power. As long as corporations exert influence in the political process, then there needs to be a counterbalancing force, otherwise everything gets out of control.
Except that unions nowadays are like an unarmed guy facing down a tank.
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