View Poll Results: Future of U.S. economy

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  • Things are and will get gradually better

    10 41.67%
  • Things will just stagnate the way they are for the most part for some time to come

    3 12.50%
  • Things will get worse before they get better

    6 25.00%
  • Things won't get better we are in for an economic collapse

    5 20.83%
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Thread: State of the economy now and in the future

  1. #21
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    Re: State of the economy now and in the future

    Quote Originally Posted by Goldenboy219 View Post
    Thank you for your opinion.
    And what do you believe will lead us into a new era of prosperity?
    More debt? All the bubbles have burst and there ain't no more around the corner.
    I am open to anyone that can show something that will pull us out of this. Give me something to have hope.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  2. #22
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    Re: State of the economy now and in the future

    Quote Originally Posted by USA-1 View Post
    And what do you believe will lead us into a new era of prosperity?
    More debt? All the bubbles have burst and there ain't no more around the corner.
    I am open to anyone that can show something that will pull us out of this. Give me something to have hope.
    The innovative spirit of the American entrepreneur! The Chinese economy will never truly become special until it develops a serious segment of services (more than 50% of economic activity).
    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

  3. #23
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    Re: State of the economy now and in the future

    Quote Originally Posted by Goldenboy219 View Post
    The innovative spirit of the American entrepreneur! The Chinese economy will never truly become special until it develops a serious segment of services (more than 50% of economic activity).
    Innovation is exported just like jobs. Manufacturing is better for an economy than the service sector. It can pull a country out of a depression just as it did during WWII. The service sector can be a drain on an economy. There has to be a fine balance between service and manufacturing in order for an economy to thrive.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  4. #24
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    Re: State of the economy now and in the future

    Quote Originally Posted by USA-1 View Post
    Innovation is exported just like jobs. Manufacturing is better for an economy than the service sector. It can pull a country out of a depression just as it did during WWII. The service sector can be a drain on an economy. There has to be a fine balance between service and manufacturing in order for an economy to thrive.
    What does service or manufacturing matter as long as we're producing what people want? If people want more service than goods, what's so bad about that?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  5. #25
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    Re: State of the economy now and in the future

    Quote Originally Posted by phattonez View Post
    What does service or manufacturing matter as long as we're producing what people want? If people want more service than goods, what's so bad about that?
    Becaue service jobs are low paying? If you've ever worked in retail you'll know what I mean.

  6. #26
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    Re: State of the economy now and in the future

    Quote Originally Posted by EnigmaO01 View Post
    Becaue service jobs are low paying? If you've ever worked in retail you'll know what I mean.
    A low-paying service job that actually does what people want is better than a high-paying manufacturing job that creates more of what people already have.

    You have to realize that wealth isn't just things. Wealth is satisfaction of desires.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  7. #27
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    Re: State of the economy now and in the future

    Quote Originally Posted by phattonez View Post
    A low-paying service job that actually does what people want is better than a high-paying manufacturing job that creates more of what people already have.

    You have to realize that wealth isn't just things. Wealth is satisfaction of desires.
    Wealth is the ability to pay to achieve the satisfaction of desires.

    Sending more wealth outside the country, then what is created every year does not mean you are wealthier, but poorer

  8. #28
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    Re: State of the economy now and in the future

    Quote Originally Posted by Lord Tammerlain View Post
    Wealth is the ability to pay to achieve the satisfaction of desires.

    Sending more wealth outside the country, then what is created every year does not mean you are wealthier, but poorer
    If you spend wealth outside of the country, it must be because you're getting something back. Trade is based on mutual satisfaction of desires. Both parties will be better off. It is not a negative-sum game. We moved past mercantilism centuries ago.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  9. #29
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    Re: State of the economy now and in the future

    Quote Originally Posted by Goldenboy219 View Post
    Your reference to a zero sum game is quite telling What is your view on international trade?
    Just because the pie is getting bigger does not mean your share is going to get bigger as well. It very well might shrink

    Lets not forget that China and India in the 17 th cent had two of the worlds largest economies. The worlds pie got bigger, but their share of it shrank dramatically

  10. #30
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    Re: State of the economy now and in the future

    Quote Originally Posted by Lord Tammerlain View Post
    Just because the pie is getting bigger does not mean your share is going to get bigger as well. It very well might shrink

    Lets not forget that China and India in the 17 th cent had two of the worlds largest economies. The worlds pie got bigger, but their share of it shrank dramatically
    , talk about some great . China and India were invaded! There was no voluntary trade.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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