Board index › Topical Discussion › Politics, Philosophy, and Religion

Stagnating Economy.... What to do?

Page 2 of 2 [ 30 posts ]  Go to page Previous  1, 2

Previous topic | Next topic

Ellis509
Emu Egg
Emu Egg

User avatar

Joined: 2 Sep 2011
Gender: Male
Posts: 2

03 Sep 2011, 2:13 am

Possible to start a government reformation, higher income taxes, government takeover of many major industries, reopening manufacturing plants with lower paying temoprary jobs for the unemployed, prisoners working manual labor jobs, and "temporary" government constructed complexes for housing the unemployed; any and all of those would certainly help with the economic struggles.



pandabear
Veteran
Veteran

User avatar

Joined: 16 Aug 2007
Age: 67
Gender: Male
Posts: 9,402

03 Sep 2011, 10:22 am

ruveyn wrote:
The economy is stagnating. What will Obama do? Will we have a war?

That is how the U.S. got out of the Great Depression of the thirties.

ruveyn


The war meant massive government spending.

Massive government spending is possible without a war, but difficult to implement without a lot of people doing a lot of complaining.

With a war, you get massive government spending and the government has an excuse to curtail complaining.



androbot2084
Veteran
Veteran

User avatar

Joined: 23 Mar 2011
Age: 65
Gender: Male
Posts: 3,447

03 Sep 2011, 4:09 pm

If all passenger airplanes are required to have supersonic capability that should keep a lot of jobs in America.



Inuyasha
Veteran
Veteran

User avatar

Joined: 12 Jan 2009
Age: 43
Gender: Male
Posts: 9,745

03 Sep 2011, 4:14 pm

Master_Pedant wrote:
androbot2084 wrote:
The problem is that everything is being outsourced to China. We need to create a technology that China cannot copy.


The problem is an overvalued US dollar and a "hands off" approach when it comes to industrial policy.


How is telling Boeing that they can't have a factory in South Carolina a "hands off" approach?



androbot2084
Veteran
Veteran

User avatar

Joined: 23 Mar 2011
Age: 65
Gender: Male
Posts: 3,447

04 Sep 2011, 9:43 pm

aircraft factories have to be in unionized states.



ruveyn
Veteran
Veteran

User avatar

Joined: 21 Sep 2008
Age: 89
Gender: Male
Posts: 31,502
Location: New Jersey

04 Sep 2011, 9:45 pm

androbot2084 wrote:
aircraft factories have to be in unionized states.


Unions are legal in all 50 states. What is not permitted in some states is the so-called closed shop.

It is against Federal Law to require as a condition of employment that one does not belong to a union.

ruveyn



psychohist
Veteran
Veteran

User avatar

Joined: 23 Feb 2010
Age: 66
Gender: Male
Posts: 1,623
Location: Somerville, MA, USA

04 Sep 2011, 11:30 pm

Vexcalibur wrote:
Quote:
If the next war is with Iran it wil be nuclear.
Why? It is not like they had actual missiles.

Actually Iran does have the missiles:

http://www.globalsecurity.org/wmd/world ... issile.htm

It's the nuclear warheads they don't have ... yet.



psychohist
Veteran
Veteran

User avatar

Joined: 23 Feb 2010
Age: 66
Gender: Male
Posts: 1,623
Location: Somerville, MA, USA

04 Sep 2011, 11:44 pm

ruveyn wrote:
The economy is stagnating. What will Obama do? Will we have a war?

Obama is only now realizing that what he's done so far has not make things any better, and likely made them worse. He's unlikely to figure out anything that will actually work by the election.

If he's reelected anyway, he may rediscover supply side economics. He'd have to give up his attachment to crony capitalism to make it work, though, and I don't see him doing that - he's much too elitist to give up advice from patrician captains of industry to listen to plebeian small business owners, for example.

A war won't work unless it's a really big war - perhaps one that devastates the rest of the world and results in a brain drain to the U.S., as with WWII. Such a war is likely to be beyond the capabilities of the U.S. president to start singlehandedly.



ruveyn
Veteran
Veteran

User avatar

Joined: 21 Sep 2008
Age: 89
Gender: Male
Posts: 31,502
Location: New Jersey

05 Sep 2011, 3:50 am

psychohist wrote:

A war won't work unless it's a really big war - perhaps one that devastates the rest of the world and results in a brain drain to the U.S., as with WWII. Such a war is likely to be beyond the capabilities of the U.S. president to start singlehandedly.



That is semi-fortunate. The President, as you point out, does not rule single handed. He requires the advice and consent of a parliament of whores.

ruveyn



pandabear
Veteran
Veteran

User avatar

Joined: 16 Aug 2007
Age: 67
Gender: Male
Posts: 9,402

05 Sep 2011, 12:10 pm

psychohist wrote:
If he's reelected anyway, he may rediscover supply side economics.


:roll:

That's what got us into this mess in the first place.



ruveyn
Veteran
Veteran

User avatar

Joined: 21 Sep 2008
Age: 89
Gender: Male
Posts: 31,502
Location: New Jersey

05 Sep 2011, 12:14 pm

pandabear wrote:
psychohist wrote:
If he's reelected anyway, he may rediscover supply side economics.


:roll:

That's what got us into this mess in the first place.


Not so. It was Crony Capitalism. It finally caught up with Wall Street.

Production has been ailing in the U.S. for over thirty years. Some supply side that is.

ruveyn



pandabear
Veteran
Veteran

User avatar

Joined: 16 Aug 2007
Age: 67
Gender: Male
Posts: 9,402

05 Sep 2011, 12:36 pm

"Supply Side", also called "Trickle Down", is a code-word for ever-decreasing taxes for the rich. Since when has "supply side" economics meant increasing production?



psychohist
Veteran
Veteran

User avatar

Joined: 23 Feb 2010
Age: 66
Gender: Male
Posts: 1,623
Location: Somerville, MA, USA

05 Sep 2011, 12:54 pm

pandabear wrote:
"Supply Side", also called "Trickle Down", is a code-word for ever-decreasing taxes for the rich. Since when has "supply side" economics meant increasing production?

Supply side economics refers to economic policies that affect the aggregate supply curve rather than the aggregate demand curve. That's why "supply side" starts with the word "supply".

The fact that it has been linked solely to the laffer curve and the laffer curve misinterpreted to refer to aggregate tax burden rather than marginal tax rates is only because the press isn't smart enough to have understood it, and folks like Buffett and Jobs have manipulated that misunderstanding to promote tax loopholes that decrease their tax burden while keeping rates high for others.



MarketAndChurch
Veteran
Veteran

User avatar

Joined: 3 Apr 2011
Age: 39
Gender: Male
Posts: 2,022
Location: The Peoples Republic Of Portland

05 Sep 2011, 1:26 pm

loosening union laws, deregulation of the markets and industry, bringing more european giants to America like BAE, BMW, and Airbus, where there is less labor rights and reduced costs, stop investing in tech jobs as they employ so few and start investing in companies who have a good case (cost, efficiency, quality control, deregulation, less hostile labor environment, low taxes, affordable land) for bringing manufacturing jobs to America.


_________________
It is not up to you to finish the task, nor are you free to desist from trying.