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Forums - Politics Discussion - How to Save the American Economy

It's a MYTH that bringing back jobs from overseas will drastically rise the price of goods. Maybe a little, but not much to make a huge difference. The only thing shipping jobs overseas is it cuts costs and increases greedy businessmen's wallet sizes.



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McDonaldsGuy said:

Obama has no clue what he's doing. In this video, he criticized Bush for "taking out a credit card from the bank of China" and "driving up our national debt." In Bush's 8 years of Presidency, Bush racked up a phenomenal $4 trillion in debt. That was the record.

That was the record. Obama has no racked up $7 trillion in debt in just 4 years. God knows what will happen when he is re-elected - god help us.

Source: http://www.youtube.com/watch?v=DyLmru6no4U

Obama is clueless as hell, as was Bush - but they are anti-American so they can get away with it. Someone who wants to SAVE America has no chance at the Presidency. Here are some ways to help save the American economy

- Tariffs

Tariffs ensure that the home country has the best advantage over outside competitors. Everything is made in China now - even American flags. Tariffs keep the jobs at home. Free trade just allows companies to ship jobs out of the country and use a cheaper labor force to produce goods then sell them here.

- Protectionism

Protectionism is important because America has run five straight record trade  deficits and has caused 3 million manufacturing jobs to be lost, with thousands of factories gone. Nations rise on economic nationalism, then they descend on free trade. If you run a trade deficit year after year like America is the nation will eventually go bust and other countries who have had a trade surplus year after year will have bought everything of value in America with their surplus cash at knockdown prices. China now holds over a trillion dollars in U.S. bonds and about 1.5 billion in USD.

- End illegal immigration

The stereotype of an illegal immigrant is someone who works in agriculture. No longer is that stereotype true - illegals now work in blue collar type jobs such as an electrician, a construction worker, a plumber, in the factories America does have, etc. etc. then they dominate the hospitality industry in many U.S. states. In fact, only 3% of illegals work in agriculture! California has a crumbling economy because of this issue. If we put a halt to illegal immigration and enforce laws, our economy will slowly spring back up.

There are other ways as well - raise taxes, cut spending, rebuild our infrastracture, etc. etc. but these 3 are HUGE and require immediate attention!

What do you guys think?

You may want to check the global trends regarding manufacturing jobs and then decide what globalization has to do with it. 

In regards to stopping imports, here is a question: Is it a good a idea for the world's largest exporter of goods and services to block imports?  That, FYI, is the United States:

http://www.freeenterprise.com/2011/04/trade-stats-whos-the-worlds-largest-exporter

 

In regards to immigration, you can look into that, but America is a country of immigrants.  You could have a similar effect on it, if you strictly enforced minimum wage laws, and fined employers heavily who broke them.

The problems with the U.S economy is pretty deep, and the world overall.  You need to look at trends in how labor demands all over have declined, and also see the effect of having an economy based around debt.  In short, there is no simple answers, including a crunch on resource if the likes of China and india decide they want to have modern middle-class lifestyles.  Yes, add sustainability to all this to.



richardhutnik said:
McDonaldsGuy said:

Obama has no clue what he's doing. In this video, he criticized Bush for "taking out a credit card from the bank of China" and "driving up our national debt." In Bush's 8 years of Presidency, Bush racked up a phenomenal $4 trillion in debt. That was the record.

That was the record. Obama has no racked up $7 trillion in debt in just 4 years. God knows what will happen when he is re-elected - god help us.

Source: http://www.youtube.com/watch?v=DyLmru6no4U

Obama is clueless as hell, as was Bush - but they are anti-American so they can get away with it. Someone who wants to SAVE America has no chance at the Presidency. Here are some ways to help save the American economy

- Tariffs

Tariffs ensure that the home country has the best advantage over outside competitors. Everything is made in China now - even American flags. Tariffs keep the jobs at home. Free trade just allows companies to ship jobs out of the country and use a cheaper labor force to produce goods then sell them here.

- Protectionism

Protectionism is important because America has run five straight record trade  deficits and has caused 3 million manufacturing jobs to be lost, with thousands of factories gone. Nations rise on economic nationalism, then they descend on free trade. If you run a trade deficit year after year like America is the nation will eventually go bust and other countries who have had a trade surplus year after year will have bought everything of value in America with their surplus cash at knockdown prices. China now holds over a trillion dollars in U.S. bonds and about 1.5 billion in USD.

- End illegal immigration

The stereotype of an illegal immigrant is someone who works in agriculture. No longer is that stereotype true - illegals now work in blue collar type jobs such as an electrician, a construction worker, a plumber, in the factories America does have, etc. etc. then they dominate the hospitality industry in many U.S. states. In fact, only 3% of illegals work in agriculture! California has a crumbling economy because of this issue. If we put a halt to illegal immigration and enforce laws, our economy will slowly spring back up.

There are other ways as well - raise taxes, cut spending, rebuild our infrastracture, etc. etc. but these 3 are HUGE and require immediate attention!

What do you guys think?

You may want to check the global trends regarding manufacturing jobs and then decide what globalization has to do with it. 

In regards to stopping imports, here is a question: Is it a good a idea for the world's largest exporter of goods and services to block imports?  That, FYI, is the United States:

http://www.freeenterprise.com/2011/04/trade-stats-whos-the-worlds-largest-exporter

 

In regards to immigration, you can look into that, but America is a country of immigrants.  You could have a similar effect on it, if you strictly enforced minimum wage laws, and fined employers heavily who broke them.

The problems with the U.S economy is pretty deep, and the world overall.  You need to look at trends in how labor demands all over have declined, and also see the effect of having an economy based around debt.  In short, there is no simple answers, including a crunch on resource if the likes of China and india decide they want to have modern middle-class lifestyles.  Yes, add sustainability to all this to.

I wouldn't be stopping imports - I should make it clear I want selective tariffs. That's my fault. Basically, tariffs on Chinese goods mostly. I wouldn't put a tariff on say PlayStation, BMW, or Nestle for example.

And America was built on legal immigration for people who came to live and love America, not illegals who hate America and undercut American workers.

All I know is that America is in for a ride, and something needs to be done.



McDonaldsGuy said:

You may want to check the global trends regarding manufacturing jobs and then decide what globalization has to do with it. 

In regards to stopping imports, here is a question: Is it a good a idea for the world's largest exporter of goods and services to block imports?  That, FYI, is the United States:

http://www.freeenterprise.com/2011/04/trade-stats-whos-the-worlds-largest-exporter

 

In regards to immigration, you can look into that, but America is a country of immigrants.  You could have a similar effect on it, if you strictly enforced minimum wage laws, and fined employers heavily who broke them.

The problems with the U.S economy is pretty deep, and the world overall.  You need to look at trends in how labor demands all over have declined, and also see the effect of having an economy based around debt.  In short, there is no simple answers, including a crunch on resource if the likes of China and india decide they want to have modern middle-class lifestyles.  Yes, add sustainability to all this to.

I wouldn't be stopping imports - I should make it clear I want selective tariffs. That's my fault. Basically, tariffs on Chinese goods mostly. I wouldn't put a tariff on say PlayStation, BMW, or Nestle for example.

And America was built on legal immigration for people who came to live and love America, not illegals who hate America and undercut American workers.

All I know is that America is in for a ride, and something needs to be done.

The problem is that, the moment you start deciding to do a trade war, the other side ends up responding.  You also end up causing issues with the WTO, which the United States uses and goes to, to try to enforce intellectual property rights.  You would end up with things, if you go after China, where China would end up doing things like getting a cut from illegally sold software, and other intellectual property rights.  It gets messy and REAL ugly soon.  This is why no one wants to get near it.

On the illegal immigration front, the problem is it is likely impossible to stop it.  There is ways to get into America, so it falls under the drug war.  Irony here is, that the worse America is, the less of a problem they have with illegal immigration.  Illegal immigration went down, and illegal aliens started to go back to Mexico (or wherever) once the economy tanked.  

I won't say that both of these don't have some impact.  However, there are other serious deep issues that are impacting things in major ways, and those issues out outlined end up actually being magic bullet scapegoats rather than what would actually fix things if that is all that was done.  In short, things politicians campaign on that won't be dealt with when they get in power.



the2real4mafol said:
Marks said:
Get rid of minimum wage, get rid of ridiculous regulations on businesses and get rid of corporate/business taxes...then you won't have to worry about "Made in China" because American products could once again compete worldwide like they could 50 years ago.

No stuff like regulations, taxes and minimum wages need to stay. Companies need to remain responsible for their actions. I mean would you work 15 hours for just $5, in filthy and dangerous (life threatening) conditions?. I doubt it. At $5 a day, you wouldn't be able to live in the USA (not now). Not only that, but there would be lots more polution, choking you! Finally, why shouldn't corporations pay any tax?, they produce for the nation, so they should pay a little bit of there earnings to maintain the nation. These corporations are greedy! that's why job's are leaving the USA for Asia

There needs to be some minimum standard to make sure that people who are easily talked into shit jobs, can have a decent lifestyle. There needs to be some minimum standard of life.

and cut corporate taxes? That won't help shit, that will just get the rich CEO's richer and reduce available funds for government. Hell this would severly increase debt, and make day to day life for people other the CEO's worse....much worse.

Also a lot of corporations still choose to keep their headquaters in USA. Yes corporations are greedy, that's why a lot of American citizens start their companies out in Canada (lower corporate tax) and then move to the USA once they grow a bit. China is a bigger market now, but USA is still wealthier, and until China surpasses USA, most corporations won't leave.



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killerzX said:
Michael-5 said:
kain_kusanagi said:

I want a huge cut in government costs. That means closing crap like the Department of Education.

I want unions to have less power. We have all the worker's rights laws we need, now unions do nothing but costs us all money.

I want term limits for congress.

I want all our fuel resources utilized. That goes for oil, coal, coal to oil, wind, solar and most importantly nuclear.

I want congress to stop stealing money from Social Security.

I want the USA to leave the UN. The security council is a joke.

This is why the rest of the world makes fun of Americans for being dumb...I tink the Department of Education is one of the most important things needed in the USA.

im guessing you dont realize the the DOE does nothing, except waste money. it certainly doesnt educate anybody. we have over tripled spending on education in the past 3 decades, and test score have remained flat. we have nothing to show for it. nothing. we need to give control back to the states, and let them decide how to best educate kids.

Unions to have less power? Alright lets make life shit for people. Lets let Wal-Mart CEO's become richer, and the poor become poorer.

you are also demenstrating a complete lack of understanding basic economics. if businesses were run like that then they wouldnt be in business much longer. Businesses have an incentive to keep productive employees and to keep prices down for the consumer. CEO are getting richer right now and unions have death grips on many industries. its not because of lack of unions, its becuase of cronyism. Unions are corupt and care little about the workers. they only care about lining their pockets. 

Nuclear is the fuel of 70's, it's more efficient to put tons of money into solar and pave large potions of the Arizona desert with solar panel cells. In labs, solar cells are already capable of higher then 35% efficiency, that's much higher then oil (which is about 25%), and in the real life market, 20% is available, but expensive ATM.

everything you just said is wrong. we waste billions buying trying to create false markets where there simply isnt one. Solar power just isnt ready.

Leave the UN??? WOW.

yes, it is just a anti-american quasi-socialist entity that does nothing in our best interests

 

Instead of making ideas on how to save the US economy baised on your personal opinions, you should conside what is best for everyone. A lot of the things you meantioned here would make life shittier and more expensive for the average person, and most of your ideas do not relate to this debt issue.



Well before I begin, I'm Canadian.

The Department of Education in Canada is provincial (state) and they play a huge role in funding schools and whatnot. Universities (equivalent to Collages in the USA) are largly government funded here and I believe the percentage of people who graduate from university is 30% higher in Canada then the USA. Not sure how Europe rates, but USA has a fairly low number of graduates. That said there are less PhD fellows in Canada then most developed countries (people come here for the school and leave).

As to how the Department of Education is like in the USA, the best solution might not be to cut funding, but to higher a more intelligent chair. The problem you laid out sounds a lot like the issue we have had with E-Health. However do I blaime the federal department of health? No? I blaime the Chairman George Smitherman for wasting billions when other countries have successfully made an E-Health system for 1 million.

So don't blaime the department, blaime the Chairman.

As for removing Unions, Unions are essential sorry. You realize that in the last century the average CEO's income has grown from 40x the average employee's to 800x? Tht's a 200% increase. Unions are required to ensure that the CEO's don't get richer and force people to work under more minimalistic conditions. I know wuite a bit of economics, and it makes a lot more sense for Wal-Mart and other mega corporations to undercut or buy out the competition and then pay people minimum wage for degrading work (Welcome person?). Unions are needed to make sure that the bulk live under reasonable conditions, we are not living in a neolibiralistic society, common now.

As for Nuclear Fuel and Solar Panels....My girlfriend is one of the scientists (Physical Chemisty) who is resonsible for making Solar cells above 35% (well the theoretical work, she doesn't physically produce them). I have been to countless lectures on solar power and environment in my University undergraduate. Heck my specialist is Planetary Science, I think I know more then you. In a few years, 50% efficiency in labs will be a reality, and 20% will be not only be available (it already is available to the public), but it will be affordable too.

UN is Anti American? Or is USA Anti World Peace? Peace is not in your best interest? Stop thinking about Blood for Oil. UN is essential, sorry. I don't want to sit back and see USA get into war with China in a few years, and if USA left the UN there would be no reason not to supress China and steal their oil.



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Mr Khan said:

 

1. lol. If anything we have far too much state control as it is, which is why states like Mississippi have more poorly-educated kids than, say, Indiana or Wisconsin. We need to go the Japanese route on education: all power to the department of education which dictates directly to the school districts, with no local school boards and no state control in education.

One of the things the Japanese have gotten right, in any event.

2. The simplest approach here is an "all of the above" energy strategy, which focuses on cultivating existing energy infrastructures while slowly tightening carbon emissions regulations, and putting more R&D into sustainable solutions. Coal and oil in the short term, nuclear as a mid-term investment, wind, solar, and biodiesel as the long-term solutions.

3. In simplest terms, the UN has no authority over the United States. There is no good reason for us to leave the UN, since it is a tool through which we can excercise our diplomatic power (through the security council. Much as everyone bitches about Russian/Chinese obstinance, we do it too when it suits our interests). Most of what the UN is able to do is generally some common-sense stuff, like UNESCO or providing peacekeeping forces in nonaligned third world countries where they are generally most useful. The whole "UN is a socialist threat to America" is such utterly false crap.

1. This is 100% True. Japan, South Korea, Germany, and the Scandanavian Countries lead the world in terms of Education. USA is far behind.

2. Nuclear is not a good mid-investment. It takes wat 10-20 years to construct a nuclear power plant? Solar power is only just behind coal in efficiency now. Build a few large scale plants and it will jump ahead fast. R&D also generates a lot of jobs.

3. I agree. Also as an example, didn't the UN turn the USA down when they requested to invade Iraq, but the USA did it anyway and even had the UK help out?



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People who have never studied economics should not be allowed to debate economics. Kind of like how people who have never studied physics should not debate physics, and how people who have not studied calculus should not debate calculus. And so on.

So to most likely all of you, stop saying anything.



NolSinkler said:
People who have never studied economics should not be allowed to debate economics. Kind of like how people who have never studied physics should not debate physics, and how people who have not studied calculus should not debate calculus. And so on.

So to most likely all of you, stop saying anything.

You do realize having this happen would kill off most discussions on the Internet, in forums like this, and in response to articles Drudge Report sends people to, right?  Just wondering if you realize that.  In no way am I saying that would necessarily be a bad thing.



NolSinkler said:
People who have never studied economics should not be allowed to debate economics. Kind of like how people who have never studied physics should not debate physics, and how people who have not studied calculus should not debate calculus. And so on.

So to most likely all of you, stop saying anything.


I've probably studied more economics than the Keynesian Obama has.