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Thread: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

  1. #211
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    1) Reinstate Glass Steagall (the idea that the new FinReg bill was written by the same representatives most enmeshed in the housing calamity - Barney Frank and Chris Dodd - is something that only an Orwel novel could provide)
    2) Stop the bailouts (how can any investor trust they will get a return after the GM deal that turned 150 yrs of establsihed contract law on its head); creative destruction is good in the long run
    3) Incentivize American companies (ie Apple with their pods/pads, MS with their Xboxes, Sharp with their TVs) to manufacture their products in America; or incentivize outsourcers like Foxconn to open plants in America (weve been doing this with foreign auto manufacturers, why not with electronics?)
    4) Repeal Obamacare (replace it with something that actually makes sense) and pass a balance budget ammendment

    All that would be a good start.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by ZIRP4EVA View Post
    3) Incentivize American companies (ie Apple with their pods/pads, MS with their Xboxes, Sharp with their TVs) to manufacture their products in America; or incentivize outsourcers like Foxconn to open plants in America (weve been doing this with foreign auto manufacturers, why not with electronics?)
    i definitely agree with this part.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Helix View Post
    i definitely agree with this part.
    While it sounds like a most wonderful idea, the third world's labor comparative advantage cannot be "incentivized" away. Labor intensive manufacturing will tend to be dominant in areas where the cost of living/standard of living is near the bottom.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by ZIRP4EVA View Post
    1) Reinstate Glass Steagall (the idea that the new FinReg bill was written by the same representatives most enmeshed in the housing calamity - Barney Frank and Chris Dodd - is something that only an Orwel novel could provide)
    2) Stop the bailouts (how can any investor trust they will get a return after the GM deal that turned 150 yrs of establsihed contract law on its head); creative destruction is good in the long run
    3) Incentivize American companies (ie Apple with their pods/pads, MS with their Xboxes, Sharp with their TVs) to manufacture their products in America; or incentivize outsourcers like Foxconn to open plants in America (weve been doing this with foreign auto manufacturers, why not with electronics?)
    4) Repeal Obamacare (replace it with something that actually makes sense) and pass a balance budget ammendment

    All that would be a good start.
    I agree with your assessment although repeal of Glass-Steagall shouldn't even be an issue if banks lended only to people who could afford the payments and took personal responsibility for their actions. TX survived the financial meltdown quite well because of state regulations which required lenders to meet payback requirements. Owning a home should always be a goal but never considered a civil right like some Democrats are calling for.

    I did not support TARP nor do I ever support the bailout of private business with taxpayer funds. All that does is reward bad behavior. I think the takeover of GM/Chrysler which will end up costing the taxpayer billions did exactly what TARP did, reward bad behavior. I am for personal and business responsibility, make bad decisions and face the consequences.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Goldenboy219 View Post
    While it sounds like a most wonderful idea, the third world's labor comparative advantage cannot be "incentivized" away. Labor intensive manufacturing will tend to be dominant in areas where the cost of living/standard of living is near the bottom.
    The present Administration is doing nothing to encourage any manufacturing business to remain n the United States. The President is referring to business leaders in the most disparaging way and talking of closing "loopholes" while keeping the corporate tax uncompetitively high.

    Right now there is simply too much corruption in the United States and I've backed off from considering any investments there, despite it being small scale, and I suspect many others feel the same way. Under this Presidency it's like investing in the PIGS countries in Europe.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Conservative View Post
    I agree with your assessment although repeal of Glass-Steagall shouldn't even be an issue if banks lended only to people who could afford the payments and took personal responsibility for their actions. TX survived the financial meltdown quite well because of state regulations which required lenders to meet payback requirements. Owning a home should always be a goal but never considered a civil right like some Democrats are calling for.

    I did not support TARP nor do I ever support the bailout of private business with taxpayer funds. All that does is reward bad behavior. I think the takeover of GM/Chrysler which will end up costing the taxpayer billions did exactly what TARP did, reward bad behavior. I am for personal and business responsibility, make bad decisions and face the consequences.
    Reagan bailed out Chryser and that was a big mistake as well. All it did was delay the inevitable.

    Businesses go under all the time and, odd as it may appear, this cycle of renewal is actually good for the country and its people. If it wasn't for that fresh spirit of renewal, getting rid of the deadwood, we'd still be driving expensive, high maintenance, and gas guzzling Packards and De Sotos.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Grant View Post
    The present Administration is doing nothing to encourage any manufacturing business to remain n the United States. The President is referring to business leaders in the most disparaging way and talking of closing "loopholes" while keeping the corporate tax uncompetitively high.

    Right now there is simply too much corruption in the United States and I've backed off from considering any investments there, despite it being small scale, and I suspect many others feel the same way. Under this Presidency it's like investing in the PIGS countries in Europe.
    There is something wrong with anyone who buys that tax cuts are a spending problem thus an expense and that govt. spending is ever an investment especially when it intrudes on the private sector. With an attitude like that, no wonder this country is in a financial mess. Govt. creates debt with their spending, and people keeping more of what they earn is never an expense to the govt.

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Grant View Post
    Reagan bailed out Chryser and that was a big mistake as well. All it did was delay the inevitable.

    Businesses go under all the time and, odd as it may appear, this cycle of renewal is actually good for the country and its people. If it wasn't for that fresh spirit of renewal, getting rid of the deadwood, we'd still be driving expensive, high maintenance, and gas guzzling Packards and De Sotos.
    I agree that there never should be a govt. bailout but what Reagan and Bush did was give Chrysler and GM loans that had to be paid back, they never took controlling interest in a private company like Obama did with GM

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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Grant View Post
    The present Administration is doing nothing to encourage any manufacturing business to remain n the United States. The President is referring to business leaders in the most disparaging way and talking of closing "loopholes" while keeping the corporate tax uncompetitively high.
    Lowering the corporate tax to zero (beggar-thy-neighbor) does not bring back full-scale labor-intensive manufacturing to the U.S.. To pay someone $75/day to perform the same job someone making $20/day can do in Vietnam, Malaysia, or India is a quick way to ruin, unless of course you can get people to pay close to double for something because it was made in America.

    Right now there is simply too much corruption in the United States and I've backed off from considering any investments there, despite it being small scale, and I suspect many others feel the same way. Under this Presidency it's like investing in the PIGS countries in Europe.
    Corruption in the U.S. vs the developed world??? Now you are just arguing for the sake of being heard.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #220
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    Re: Unemployment Rate Rises to 9.2 Percent in June as Hiring Stalls

    Quote Originally Posted by Goldenboy219 View Post
    Corruption in the U.S. vs the developed world??? Now you are just arguing for the sake of being heard.
    Is grant serious? The more he posts the more I think he's someone's sock puppet.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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