- Feb 12, 2007
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Recessions happen on average every 7 years. we always recover.
And on that recovery topic (posted in another thread, but germane here as well):
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Recessions happen on average every 7 years. we always recover.
How will US economy ever recover?
when the fundamental human drive of greed is finally addressed as the key component to our systemic demise.....
poor people are funny. The economy is already recovering. What the poor and middle class will do is wait to invest until every possible positive bit of information is in, after most of the money is already made then they jump in.
We've never had a recession in which the government did so much to undermine the private sector and retard private job creation. You are making the mistake of assuming that the private sector will not alter its behavior no matter the taxes and regulatory burdens placed upon it.
You're wrong.
We have achieved a critical mass of Big Government Cronyism which risks the U.S falling into unrecoverable slow growth high employment European style statism.
Here's a good read explaining the nature of our Ruling Class (the underlying cause of why recovery will not be healthy):
The American Spectator : America's Ruling Class -- And the Perils of Revolution
Then, after those in power changed their plans from buying toxic assets to buying up equity in banks and major industries but refused to explain why, when they reasserted their right to decide ad hoc on these and so many other matters, supposing them to be beyond the general public's understanding, the American people started referring to those in and around government as the "ruling class." And in fact Republican and Democratic office holders and their retinues show a similar presumption to dominate and fewer differences in tastes, habits, opinions, and sources of income among one another than between both and the rest of the country. They think, look, and act as a class.
Today's ruling class, from Boston to San Diego, was formed by an educational system that exposed them to the same ideas and gave them remarkably uniform guidance, as well as tastes and habits. These amount to a social canon of judgments about good and evil, complete with secular sacred history, sins (against minorities and the environment), and saints. Using the right words and avoiding the wrong ones when referring to such matters -- speaking the "in" language -- serves as a badge of identity. Regardless of what business or profession they are in, their road up included government channels and government money because, as government has grown, its boundary with the rest of American life has become indistinct. Many began their careers in government and leveraged their way into the private sector. Some, e.g., Secretary of the Treasury Timothy Geithner, never held a non-government job. Hence whether formally in government, out of it, or halfway, America's ruling class speaks the language and has the tastes, habits, and tools of bureaucrats. It rules uneasily over the majority of Americans not oriented to government.
Angelo M. Codevilla is professor emeritus of international relations at Boston University.
If and when all the boomers retire, it will create a labor shortage in this country, which will cause salaries to rise for the middle class....that's my best guess.
and salaries are not rising in china for their lower and middle classes, not to the degree that it will help us....we got another 10-20 years before that happens and businesses have other countries to go to that pay less like vietnam and banglidesh and indonesia before it will "help" us.....besides the fact that China has been allowed to manipulate their yen (money) so that labor costs are still way cheaper there....we need to stop this manipulation.
(6) Get rid of the income, capital gains, payroll, sales and corporate tax and replace it with the Fair Tax or VAT Tax.
that's true we have more than we did 10 years ago, and in ten years we'll have more than we do now.
(6) Get rid of the income, capital gains, payroll, sales and corporate tax and replace it with the Fair Tax or VAT Tax.
A lot of good suggestions, except for VAT. VAT is a hidden tax added at each step of the supply chain. Taxes should be transparent. A Fair Tax or an end user Sales Tax which is separate from the purchase price accomplishes this.
I like Paul Ryan's Roadmap:
A Roadmap for America's Future | The Budget Committee Republicans
Like I said poor people are funny. Ahh 60 percent is about the number of people who own stocks. about 3 percent have over a million in stocks, and the average retiree has about $100,000 in stocks. Now, you want to talk about how detached I am?
Always the liberal response Iraq Iraq Iraq!!! They say cut defense stepping, but never cut entitlements! Makes perfect sense. I think a cut in military spending goes hand and hand with the conversation on cutting spending, but you douche bag liberals must cut spending on entitlement and shrink government. Of course you won't go there!Cut offensive attack military spending about 50 percent.
LOL, what would pay for healthcare is ending illegal immigration!!! Pot should be legal, but don't come up with fantasy that it will pay for healthcare! You liberal brothen would spend it somewhere else.Thus making converting it to defense spending. Legalize tax and regulate pot. that alone would just about pay for national healthcare.
(6) Get rid of the income, capital gains, payroll, sales and corporate tax and replace it with the Fair Tax or VAT Tax.
A lot of good suggestions, except for VAT. VAT is a hidden tax added at each step of the supply chain. Taxes should be transparent. A Fair Tax or an end user Sales Tax which is separate from the purchase price accomplishes this.
I like Paul Ryan's Roadmap:
A Roadmap for America's Future | The Budget Committee Republicans