You were acting like the only companies Wal Mart competes with are luxury, high end companies.
Last edited by SheWolf; 07-27-11 at 08:06 PM.
Follow me on Twitter @AmandaCourtney6 !! (:
General Electric (GE) set up in 1970 six different facilities for electrical and electronic products, circuit breakers and electric motors. By the late 1970s, GE was to become the largest single employer of labour in Singapore. American MNCs laid the foundations for Singapore's large high-tech electronics industry. Although we did not know it then, the electronics industry was to mop up our unemployment and turn Singapore into a major electronics exporter in the 1980s.
Source: Lee Kuan Yew, From Third World to First: The Singapore Story: 1965-2000, Singapore: Times Editions, 2000, p.85.
show Me provable spending cuts, show me you can go to work on our broken programs and make them more efficient and less costly, revise SS and medicare so that future generations are secure, once you do this .. once you prove you can rein in this crazy spending spree you've been on ... once you do that .... then come and ask for my help via the tax increases, once I'm shown they are serious about putting our fiscal house in order, I would be more then happy to contribute to help us out of this mess.... but until they can show they are serious... then they need to make do with what they are getting ..
Last edited by The Barbarian; 07-27-11 at 10:18 PM.
IMO the "spending is out of control" argument is overblown. If we return to historically average tax rates, that in and of itself would stop the debt from growing. If we couple that with reasonable cuts to military spending and common sense (read -- not drastic) adjustments to entitlements, we could actually start paying down the debt. Too much of this deficit hysteria is premised on temporary spending that was necessary to blunt the impact of the worst recession since the Great Depression.
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.