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What's really wrong with the economy

Discussion in 'Politics, Elections & Legislation' started by mrskeet410, Jun 26, 2011.

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  1. mrskeet410

    mrskeet410 TS Member

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    I'm not a Robert Reich fan, but there may be more truth to this than I would like.

    see link
     
  2. shot410ga

    shot410ga Well-Known Member

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    NAFTA You want jobs in America, dump NAFTA. Cut the EPA back to 1975 levels in terms of regulations that do not include dumping or air quality. Likewise for OSHA. And required any American company that produces a product overseas to pay equal tariffs as any foreign company. That may induce them to return to the USA to manufacture.
     
  3. slowdp

    slowdp TS Member

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    shot410ga is mostly correct. We have exported less than we have imported most of my life. Tariffs are all but gone. We can only regain our position by bringing manufacturing back to the USA or is that the USSA. By exporting less than importing we are continually printing more money. This sets up inflation in an increasing spiral. All of the talk about reducing the entitlements are correct but reducing the entitlements to zero will only get up part way to a balanced budget.

    Run the illegals out of the country. Cut welfare. When welfare is cut off to able bodied folks and they get hungry, they will start picking crops and doing construction again. Still this is only a minor part of the equation.

    Washington has not mentioned the export / import problem. What can we do about that?
     
  4. Fast Oil

    Fast Oil TS Member

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    Blame the rich? I can make it a lot more simple. Government is too big. They spend more money then they take in. Then they blame us for not funding more of there social welfare state.

    BTW, most of those "super rich" are people like George Soros, Nancy Pelosi....

    And this from a man who is a Berkly Professor with tenure.
     
  5. bluedevil

    bluedevil Active Member

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    Just read an article on how Texas is booming, reason is, they have limited law suits, that make lawyer rich, cut regulations for business and lowered taxes. Just the opposite is California, more and more regulations, raising taxes and the result is businesses are fleeing the state in record numbers. Libs never learn.
     
  6. lots of 24's

    lots of 24's Member

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    The rich get richer and the poor get poorer. We give away the money we say we dont have. Borrow more to replace it. Politicians do nothing about it, heck neither do the rest of us. Except sit here and complain about it on our computer. Greedy bankers and politicians and a complacent populace will be the end of us all.
     
  7. billyboy07208

    billyboy07208 Member

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    Set minimum pricing for all imports that have sizeable domestic competition.
    Set maximum pricing of all health care services.
    Cut the military,close bases,the sun has set on the american empire.
    Retirement age for state work/police/fire 65yrs before you can collect.
    End double state pensions.
    Annex the panama canal and make it a big xpensive toll booth.
    Legalize and tax mariuana,decriminalize possesion of all drugs less than a certain amount.
    If you have children,your property tax should reflect that more than mine.
    End foreign ownership of US based companies.

    Default/rescind the interst payments on the debt while we still have the strength to do so,and take our
    comeuppins like men,or our children most certainly will have to.
     
  8. hmb

    hmb Well-Known Member

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    There is no solution. The end is near. Soon the Moon will leave orbit and crash into the Earth. HMB
     
  9. John Galt

    John Galt TS Member

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    So the answer is to impoverish the rich- that will really help. Once Reich and Mrs. Keet get done with that, just who will pay the income taxes? Surely you two don't expect the 47% who don't pay to start paying, now do ya.
     
  10. bigdogtx

    bigdogtx Well-Known Member

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    Mrs. Keet,,,,what is wrong is SPENDING more than REVENUE,,,,reiiiiiicccccchhhhhh should know this from his economic classes,,,,but that was not what moveon.org wanted to promote....
     
  11. mrskeet410

    mrskeet410 TS Member

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    The shrinking and stagnation of the middle class is a major concern. Even before Lexington and Concord we had a vibrant and substantial middle class. Certainly more affluent than England, and most other parts of the world.

    I'm not sure Reich's proposed solutions are correct. I wouldn't object to another income tax bracket, but not starting at $250k. I also think 47% not paying any income taxes is not good for the Republic. We need more citizens with some skin in the game for a healthy republic.

    I'm undecided about capital gains rates. I hear good arguments both ways.
     
  12. birdogs

    birdogs TS Member

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    The leftist dwarf is simply a shill for the super left! He makes statements and then draws concluision which are simply not supported by the facts or are non sequiturs! For example he states that the economy doubled but wages remained almost the same. This does not take into account inflation and population growth at a minimum. Further, if the economy has grown so much, don't the people who took the risks and invested their money in venture which made it grow, deserve the added wealth they created?

    This is more class envy and "take from the rich" nonesense from which no economy has ever benefitted. It is a thinly disquised misrepresentation of "cause and effect" which these socialists wish to inflict on a free society.

    Anyone who sees this video and believes him is a dupe or a fool!
     
  13. b12

    b12 Well-Known Member

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    For one thing when a company gets taxpayers money from Uncle Sam for this so called R&D to develop new products. I don't think the taxpayer get much back in the way of economics. Companies get the iceing when the product is ready to go into production after the pattons are approved. When the products have all the bugs worked out the overseas it goes to cheap labor.

    No product that is born with taxpayers money then pattin should go out of the country for at least 10 yrs. Don't tell me the taxpayer gets it back in jobs. Bull shit. That job is bought by the taxpayer by his tax dollars to fund the mighty and the wealthy.
    Thats just one thing for starters. Wild Bill
     
  14. Chichay

    Chichay TS Supporters TS Supporters

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    Wild Bill,

    Just one question: Who do you think (in terms of income group) pays the bulk of the taxes collected in this country? Now let the question reach the cerebrum and not just the spine before you answer. Click on the above website for help.

    Chichay
     
  15. Rick Barker

    Rick Barker Well-Known Member

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    Answer is real easy........democrats in charge.
     
  16. mrskeet410

    mrskeet410 TS Member

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    Chichay - So what is your point?
     
  17. Recoil Sissy

    Recoil Sissy Well-Known Member

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    Our friend birdogs is point for point spot on. For dopes that think Reich has (or has ever had) a valid point, here's something else to ponder...

    A typical Marxist, Reich is all about waging class warfare and damning what he calls the super rich. Just for giggles, mash the link above. It's Forbes' list of the 400 weathiest Americans. They are by any definition, some of the super rich Reich so dislikes.

    Drill down on as many or few of these folks as you wish. Look at a sample from the top of the list, the bottom, or anywhere in between. What you'll find are entepreneurs and investors.

    The great thing about the American dream is that it's available to everyone. Want to be a billionare? Invent something, make something, or sell something.
    Bill Gates made a buck or three with software. Michael Dell did ok with computers. There's whole new crop of billionares from Facebook and the other social networking ventures.

    Not in to tech? YOU might be more interested in retail (it worked for the Walton family), transportation, or manufacturing. But here's the deal. You have to have skin in the game.

    The problem with Reich and his proletariat buddies in organized labor is that they want to sit on the sidelines while the market place determines economic winners and losers. They want no part of downside risk but they're johnnie-on-the-spot to claim a big chunk of the winners' payoff. F##k that.

    You don't have to be the next Eduardo Saverin or Mark Zuckerburg to make money. Establish an investment account. Buy some stock. Put YOUR capital at risk. Reap the rewards. Pay some capital gains then tell Obummer and other socialist losers like him and Reich to earn their own damn money.

    sissy
     
  18. Fhil Whiner

    Fhil Whiner TS Member

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    Term Limits. The founding fathers expected everyone to take a turn at being the government.

    People will never vote for something they would have to live under later.

    The vote for stuff now and exclude themselves. It starts at the state level. We need to control our people to get washington under control.
     
  19. Big Heap

    Big Heap TS Member

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    Back in the '90's Pat Buchanan ran on "Listen to that sucking sound from Mexican border". Ross Perot said nobody talked about "The crazy Aunt in the basement (national debt)"

    Neither one was even nominated for POTUS.
     
  20. Chichay

    Chichay TS Supporters TS Supporters

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    mrskeet410,

    The point is the 'wealthy' pay a disproportionate amount of the income tax. If they didn't, 'we' would be paying a lot more. Which brings us to the question of tax cuts, and who should get it...those who pay a lot or those who pay much less? Don't forget, 40% of us don't pay any income tax at all.

    Chichay
     
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