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What is the top reason for the current US economic problem?

What is te top reason for the current US economic criss?

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

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Smeagol

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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.


Mumbai Property Rates |Real Estate Mumbai|

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What is the top reason for the current US economic problem?

Power distribution or rather power distortion. ;)
 
Too many Americans (the 'masses' and the politicians) are addicted to debt.
 
To put it succinctly, living beyond your means and keeping up with the joneses.
 
Too many Americans (the 'masses' and the politicians) are addicted to debt.

Very interesting. Often debt is presented as a solution to economic difficulties.
 
I didn't actually vote in this poll as there is not option for "other".

The answer is simple and can be summed up in one word; GREED.

From http://en.wikipedia.org/wiki/Greed:

Greed is the inordinate desire to possess wealth, goods, or objects of abstract value with the intention to keep it for one's self, far beyond the dictates of basic survival and comfort. It is applied to a markedly high desire for and pursuit of wealth, status, and power.

As a secular psychological concept, greed is, similarly, an inordinate desire to acquire or possess more than one needs. It is typically used to criticize those who seek excessive material wealth, although it may apply to the need to feel more excessively moral, social, or otherwise better than someone else.

Greed of workers wanting more and more for their labor.

Greed of busniness owners to have more and more profit

Greed of people who want to do nothing but have the government provided more and more

Greed of people who want more and more luxeries and thus overuse credit to obtain what they are unwilling to save to get

Greed of groups who wish to display their superiority over other groupings which causes friction and violence

Greed of people who want the government to hand out more and more entitlements

etc, etc, etc... Greed, Greed, Greed...
 
There's a lot of various reasons as to why our economy is where it is right now. Top problem? I think it's hard to say, if you wanted some aggregated "top" problem, the largest dynamic feeding into the system forcing it to where it is now is likely corporatism, the Corporate State.
 
Where's the "Other" poll option?

I say our problems stem from lack of discipline. Corporations, government, and yes even individuals... all lack discipline and keep over-extending themselves.

It's trendy and popular to blame government and corporations, but they're only 2/3 of the problem.
 
Where's the "Other" poll option?

I say our problems stem from lack of discipline. Corporations, government, and yes even individuals... all lack discipline and keep over-extending themselves.

It's trendy and popular to blame government and corporations, but they're only 2/3 of the problem.

Agreed. The number one part of the problem is households. Families aren't parenting their children to be responsible, and we're graduating generation after generation of adult children who are taught to manipulate rather than appreciate others.

Economy comes from society. Today's problem is lots of people just have a bad attitude who believe it's OK to live vicariously through others.
 
Political gridlock, a general conservative outlook from businesses, and too many people with no marketable skills or who are unwilling to market themselves where they would most be useful.

A large chunk of it is psychological. Companies aren't going to make the type of investments that spur growth when Europe is on the verge of collapse, politicians are threatening government default, major pieces of legislation effecting corporate budgets are up in the air, tax obligations are uncertain, etc. IMO, the best thing the government can do at the moment is not cut spending, not increase spending, but just sit down, shut up, smile, and shake hands.
 
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It's probably a a combination of factors, but what would you say is the primary reason for the US economic problems?
Lack of greatness. We, as a country, have lost the will to succeed.
 
Agreed. The number one part of the problem is households. Families aren't parenting their children to be responsible, and we're graduating generation after generation of adult children who are taught to manipulate rather than appreciate others.

Economy comes from society. Today's problem is lots of people just have a bad attitude who believe it's OK to live vicariously through others.

I don't disagree with what you are saying, in fact I believe that is indeed a very big problem. But I disagree with it being the number 1 cause of problems, as what you describe is also a result of Greed.

In fact, pretty much everything that everyone is saying can be blamed on greed.
 
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Compeition overseas which can be remedied by government subsides, quality work, and cheaper education.
 
Financialization of the economy which leads to major instability, which is the natural outcome of private capitalism .... so .... Capitalism.
 
Real reasons not listed. They are:
1. Unfunded and unnecessary wars.
2. Banking deregulation
 
The last one should say "Hussein Obama" for the lulz.

Anyway, where to even start? Weak industry, unbalanced trade, market regulations are all wrong, taxation is done all wrong, the huge money pit in the Middle East, a multi-trillion dollar deficit, so on and so forth.
 
Financialization of the economy which leads to major instability, which is the natural outcome of private capitalism .... so .... Capitalism.

Which is worse than socialism how? Socialism is stable, I give you that, it reduces everyone to abject poverty, kills intellectual and scientific advancements and generally causes nothing but undesirable results from stagnation. Instability is better than stagnation at the lowest common level.
 
Selling homes to people with no job or income.
This crashed the housing market and made banks fail worldwide that bought the worthless mortgages. .
Thank you Barney and the black caucus.
 
The top reason it's a crisis is that we have labeled it a crisis.
 
To put it succinctly, living beyond your means and keeping up with the joneses.

Our economy doesn't provide any other options. There are, for example, no "cheap" residences in any substantial sense, whether you are renting or mortgaging.
 
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I know it's not an option on your poll, but I think we began to live beyond our means somewhere along the way.
 
Right now, European instability is causing markets to go up and down on a daily basis.
The elections aren't helping much, causing much uncertainty.
The velocity of money isn't moving like it needs to.
 
Our economy doesn't provide any other options. There are, for example, no "cheap" residences in any substantial sense, whether you are renting or mortgaging.

That's definitely not true.
The expectations of individuals is higher than that.

You could build an insulated "shed" home, on 1 acre or less, with electricity and plumbing, on the cheap.
It's just that most people don't want to do that.
 
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Failure to develop superior minds by the immediate reward and popularity methods used to develop superior athletes.
 
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