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. #41
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    Re: State of the economy now and in the future

    Quote Originally Posted by USA-1 View Post
    And we are not a prosperous economy anymore. We are an economy based on debt that is spiraling down the toilet.
    The machines, robots, techs and maintenance jobs will be outsourced too. Already happening.
    Manufacturing is a sector not an industry. That along with agriculture are the most important parts of a thriving economy. What do you think is making China the booming country it is? They are us 50 years ago.
    Booms only last so long, China will be hit too.

    Manufacturing exists in the states, it isn't growing as fast as other sectors but it is growing.
    Agriculture is fine as well, we make enough to supply the rest of the world as well.

    We are in a recession, it always looks bleak in a recession.

    Also, a country can't be top dog forever, it's inevitable.
    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.
    —Adam Shepard

  2. #42
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    Re: State of the economy now and in the future

    Quote Originally Posted by Harry Guerrilla View Post
    Booms only last so long, China will be hit too.

    Manufacturing exists in the states, it isn't growing as fast as other sectors but it is growing.
    Agriculture is fine as well, we make enough to supply the rest of the world as well.

    We are in a recession, it always looks bleak in a recession.

    Also, a country can't be top dog forever, it's inevitable.
    Yes you are right. Booms don't last, but who will be stronger when it's over?
    We are losing more manufacturing jobs than any other sector. A service oriented economy can not last long. Eventually all our wealth is transferred to other countries to buy their goods.
    "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

  3. #43
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    Re: State of the economy now and in the future

    Quote Originally Posted by USA-1 View Post
    Yes you are right. Booms don't last, but who will be stronger when it's over?
    We are losing more manufacturing jobs than any other sector. A service oriented economy can not last long. Eventually all our wealth is transferred to other countries to buy their goods.
    Why not? First off, we're not all service. Secondly, you have yet to explain why service is so bad.

    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

  4. #44
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    Re: State of the economy now and in the future

    Quote Originally Posted by phattonez View Post
    Why not? First off, we're not all service. Secondly, you have yet to explain why service is so bad.
    If an economy is mostly service that means most everything has to be imported sending dollars overseas. Service does not create wealth for a nation. Many service industries are actually a drain on economy.
    "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

  5. #45
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    Re: State of the economy now and in the future

    Quote Originally Posted by USA-1 View Post
    If an economy is mostly service that means most everything has to be imported sending dollars overseas.
    So what? They'll use that money to pay for our servides.

    Service does not create wealth for a nation. Many service industries are actually a drain on economy.
    How?

    And even if this was all true, service is not most of our economy.

    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

  6. #46
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    Re: State of the economy now and in the future

    Quote Originally Posted by phattonez View Post
    So what? They'll use that money to pay for our servides.
    .
    No their economy will grow and they will provide their own services. The can do everything cheaper than we can.
    Last edited by USA_1; 02-02-10 at 06:10 PM.
    "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

  7. #47
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    Re: State of the economy now and in the future

    Quote Originally Posted by phattonez View Post
    How?

    And even if this was all true, service is not most of our economy.
    Healthcare is an example of a drain. And I do believe the service sector is the largest part of our economy now.
    "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

  8. #48
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    Re: State of the economy now and in the future

    Quote Originally Posted by phattonez View Post

    And even if this was all true, service is not most of our economy.
    This is a service based economy.

    Services produced by private industry accounted for 67.8 percent of U.S. gross domestic product in 2006, with real estate and financial services such as banking, insurance, and investment on top.
    A Service Economy
    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

  9. #49
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    Re: State of the economy now and in the future

    Quote Originally Posted by phattonez View Post
    So what? They'll use that money to pay for our servides.
    That means we have to provide them a service they can't provide for themselves economically.

    Sony sells an American a 60" LCD TV.

    What service America selling Japan to make the dollars worth the TV?

  10. #50
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    Re: State of the economy now and in the future

    Quote Originally Posted by Goldenboy219 View Post
    Services produced by private industry accounted for 67.8 percent of U.S. gross domestic product in 2006, with real estate and financial services such as banking, insurance, and investment on top.
    Which, as far as the international market is concerned, is Americans playing with themselves and each other. A real estate broker takes a big slice off the sale price of a house....produces nothing of value. A bank makes money off a mortgage because the home buyer is producing something useful that he's willing to exchange for the privilege of borrowing money. Ultimately, the economy is based on someone, finally, at the bottom of the heap, building or making a real object or physically handling a human being or his property, like a doctor or an automechanic.

    Without the physical reality of THINGS, economic systems break down, like in Life, the Universe, and Everything, where the new colonists on the brand new Earth discovered the difficulties of using leaves for currency and it was reported to the Council that the committee researching the production of fire was not making progress.

    This is becase, as animals existing in the real world, people ultimately need THINGS to live.

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