View Poll Results: What is te top reason for the current US economic criss?

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  • Tax rates on job creators are too high.

    2 3.13%
  • Technology has eliminated many jobs

    1 1.56%
  • Our workforce is not qualified enough to demand high paying jobs in science and technology

    0 0%
  • Competition with cheap overseas labor

    22 34.38%
  • Healthcare reform

    0 0%
  • Too much regulation on business

    10 15.63%
  • Too little regulation on business

    19 29.69%
  • Barack Obama

    10 15.63%
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Thread: What is the top reason for the current US economic problem?

  1. #61
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    Re: What is the top reason for the current US economic problem?

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    "At this point in history when the degree of wealth inequality has reached such staggering proportions that the richest 400 people have the same wealth as the bottom 154,000,000 people, when unemployment and foreclosures rates are high, when tens of millions canít afford health care and students canít afford to go to college, those in power are fearful that the people will rise up."

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  2. #62
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    Re: What is the top reason for the current US economic problem?

    Quote Originally Posted by Harry Guerrilla View Post
    Having multi-room, expansive homes is a luxury.
    Americans better get used to living in smaller quarters.

    Manufacturing jobs are heading over to China. They won't come back until the union blue collar people accept pay cuts of 40 percent.

    We'll make sure they won't be homeless. We'll build tenement housing across the country for these workers.

  3. #63
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    Re: What is the top reason for the current US economic problem?

    Quote Originally Posted by Smeagol View Post
    It's probably a a combination of factors, but what would you say is the primary reason for the US economic problems?

    A personallly I attribute the greater weight of our situation on cheap overseas labor competing with relative high income American incomes needed due to our higher cost of living that has reached a peak in 2012. You can't buy a nice home in America for $20,000. You can in Mumbai.


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    I think you are right that it is a combination of factors, but I would have to say the top reason is the financial deregulation over the last 30 years. Especially the dismantling of the firewall that used to separate investment banks and commercial banks which allowed the creation of banks too big to fail.
    Last edited by Catawba; 07-25-12 at 02:40 AM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #64
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    Re: What is the top reason for the current US economic problem?

    Smeagol, you had a nice list of reasons plus one person. A person is not a reason. What a person did could be a reason. Why did you do that? Once you start there are many names that should be listed.

  5. #65
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    Re: What is the top reason for the current US economic problem?

    Quote Originally Posted by johnny_rebson View Post
    Americans better get used to living in smaller quarters.

    Manufacturing jobs are heading over to China. They won't come back until the union blue collar people accept pay cuts of 40 percent.

    We'll make sure they won't be homeless. We'll build tenement housing across the country for these workers.
    We used to own one home, but we saw the bubble coming. Now we own three. And, the rooms are not smaller. We started on this about 5 1/2 years ago. Just closed on the 3rd a month ago. We have about the same amount of money invested in homes now as then. We own 2 outright and one has a low interest mortgage. Some leadership in America allowed us to do this. Isn't it wonderful?
    Last edited by OhIsee.Then; 07-25-12 at 08:25 AM.

  6. #66
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    Re: What is the top reason for the current US economic problem?

    Quote Originally Posted by johnny_rebson View Post
    Americans better get used to living in smaller quarters.

    Manufacturing jobs are heading over to China. They won't come back until the union blue collar people accept pay cuts of 40 percent.

    We'll make sure they won't be homeless. We'll build tenement housing across the country for these workers.
    Manufacturing is not heading to China.
    Robots have displaced Americans, because they're better employees/workers.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    óAdam Shepard

  7. #67
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    Re: What is the top reason for the current US economic problem?

    Quote Originally Posted by Harry Guerrilla View Post
    Manufacturing is not heading to China.
    Robots have displaced Americans, because they're better employees/workers.
    Agreed. The U.S. is the top manufacturing economy in the world (and by quite a bit!) and has been since WWII.
    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

  8. #68
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    Re: What is the top reason for the current US economic problem?

    Quote Originally Posted by Morality Games View Post
    You are aware that "more walls, rooms, etc" are the only things setting us apart from the Dark Ages? The fact people want and are capable of such things is what spurs the technological and economic advancement of civilization to begin with.

    If your proposal became the cultural and economic norm for avoiding the private debt that is plunging the middle class into poverty, expect the following consequences:

    (1) Housing sector utterly destroyed
    (2) Financing sector heavily damaged
    (3) All venture capitalism destroyed as a result of (2)
    (4) Broader economic recession due to (1), (2), and (3) to a lesser extent
    (4) Increased social unrest due to perceptions that the political and economic elite forced the general population to such extremes to survive in accordance with pre-existing trends, as well as to capture a larger share of what can still be had
    (5) Bigger, more intrusive government to address an increasingly unruly and transient population
    (6) Disorder on an international scale due to the recessions and political upheaval in the nation with the greatest influence in the world
    (7) American enemies and rivals suffer themselves, but also make military, economic, and diplomatic strides in the power vaccum -- both due to (6), paving the way for a formation of a world order very hostile to a vastly weakened United States

    Pretty much everything about the "New World Order" depends on Americans not just wanting to "beat the Joneses", but also being able to do it.
    You prove that treehuggers are just squeaky-voiced idealistic fools, but dangerous enemies of the human race. The proverbial wolves in sheep's clothing.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

  9. #69
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    Re: What is the top reason for the current US economic problem?

    Quote Originally Posted by Harry Guerrilla View Post
    Manufacturing is not heading to China.
    Robots have displaced Americans, because they're better employees/workers.
    Because the geeks ended up in control and the ones that used to bully them ended up at the bottom of the scale. Revenge is sweet sometimes.

  10. #70
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    Re: What is the top reason for the current US economic problem?

    Quote Originally Posted by Matt Foley View Post
    "Competition with cheap overseas labor"

    Is this a euphemism? Cheap overseas labor? Well that rules out all of south/central America cause technically they aren't oversea.
    We can't say "foreign" labor because the multiculties will accuse us of being Big Meanies who don't believe in international brotherhood. There is an Internet fatwa against national pride.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

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