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 Posted: Sun Jan 27, 2008 7:31 am
The economy in this country is the top issue in this presidential race. I would like to hear some thoughts on this, such as whether we are headed into a recession, causes of the current "crises," Who, if anybody, is at fault, ect. Heres my viewpoint.
The ecomony is definitally headed into a recession. The cause is nearly the same as it was back in 1929, mainly overuse of credit. While I do believe the loan comapnies share some responibility for making the sub-prime loans, it it also partly the fault of the consumer, or home buyer, for not reading through all the fine print and figuring out if they could afford the rate increases. Which apparently they couldn't.
Another part of the problem is outsourcing of jobs. The reason for this is simple. The Americvan mimimum wage is too high. Companies have to outsorce these jobs to where the labor is cheaper because they CAN NOT AFFORD to hire Americans. Ironically, Illeagal immigrants may be helping keep some jobs in this country, by providing cheaper labor. If a company has a workforce of 100 workers, 75 of them illeagals, thats still 25 Americans in work, as compared to shutting down the plant and shipping all the jobs over to China.
Now, heres my solution. First, enact laws against predatory lending. (I believe this falls under fraud.) Second, reform our immigration laws so its easier to come to this country LEAGALLY, while tightening the border to make it more difficult to come here Illeagally. Third, adopt the Golden Rule as our forieghn policy, both in trade and militarily. China has closed its markets to U.S. products. (or so I've heard. I dont know if its true or not.) Fine then, we should tell China if they don't open their markets to us, we'll close our markets to them. I don't support tarrifs or anything like that, I just want to end the one way trade situation we have with them. I don't mind if they're cheaper than us, or if some american companies go out of business because they can't compete, thats the free market. But I do mind them selling their goods to us, and not letting us sell our goods to them. Again, this is the Golden Rule. They open to us, we open to them, and then let the market decide.
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Posted: Fri Feb 08, 2008 2:49 pm
Interesting point on the economic golden rule. My opinion, as un-Libertarian as it sounds, is that the government should do something to discourage businesses from outsourcing jobs.
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Posted: Sat Feb 09, 2008 7:27 am
hydroh Interesting point on the economic golden rule. My opinion, as un-Libertarian as it sounds, is that the government should do something to discourage businesses from outsourcing jobs. It should, by lowering the minimum wage and de-regulating the market. If Americans were better able to compete, we wouldn't lose so many jobs to China.
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Posted: Mon Feb 18, 2008 8:02 pm
1. If we ended our "welfare state" policies and ended the "war on drugs", the only incentive for mexicans (or any aliens) to enter this country, would be in order to be a part of productive society (get jobs, ect.)
2. If we got rid of income taxes and corporate taxes; people would have much more useable income, and we wouldn't price ourselves out of foriegn markets by taxing American products (as much as 0).
3. We need to stop the federal reserve from printing money to reduce intrest rates. This causes huge ammounts of inflation which compound our troubles every economic cycle.
4. Just a side note. China trades freely with the U.S. I lived there for a year and you can find a lot of American products for sale in China (for a higher price then their stuff). And KFC is the most popular restaurant in China.
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Posted: Tue Feb 19, 2008 5:43 am
hydroh Interesting point on the economic golden rule. My opinion, as un-Libertarian as it sounds, is that the government should do something to discourage businesses from outsourcing jobs. no, that's not the ONLY solution. you're only looking at one side of the coin. XE.com is currently telling me that one USD is worth: 0.51256 GBP or 0.67831 EUR the importance of this? It means Labor is cheaper in the US than Europe Due to inflation. So we Import jobs from nations with LOWER inflation, and balance the cashflow a little. What we CAN'T do is export. and this is simply because no one's gonna buy american products. I mean, come on now, our food is 49% HFCS and 50% Partially Hydrogenated oils, and our cars get crap for gas mileage, and are guaranteed to crap out after 5 to 10 years of normal use. Our problems: Importing (I'm guilty as charged, gotta have REAL Imported Sake), outsourcing, NOT Exporting or insourcing to balance things out.
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