Thanks Obama: China Officially Takes Over U.S. As Worlds Largest Economy

[Redfish]

Damn, the US really should start paying workers less than a dollar and hour to get the first place back..

or we could pay everyone a " living wage" of $100/hour and put everyone on welfare. Or, here's a better idea, pay every american 100K per year no matter what they do, whether they work or not, or whether they are brilliant or dumb as a sack of nails. Everyone equal, all the same-------------liberal utopia.

Surely there's a number between 1 and 100. I'm sure I've seen them.

Ok, what it is it? What is a "living wage" in manhattan, miami, fargo, baton rouge, boise, detroit, amarillo?

Living wage rates would have to be defined somewhat locally. As the cost of living differs so radically from region to region. I don't think you'd be able to set a national standard that was particularly effective. I don't even think a state rate would work. You'd probably have to set a rate based on the CoL of a particular area to be useful.

said another way-------let supply and demand in each local market set the price of labor.

 

[occupied]

The US Chamber of commerce, a leading republican donor/lobbying group, was/is the biggest proponent of shipping jobs to China. Send them your thanks. For years they instructed their members in the correct way to ship jobs out of country and facilitated contacts with Chinese officials and business groups to ease the transition. While this was going on republican politicians steadfastly claims that protecting American jobs through the limited means avialiable to the government would hurt the economy. Fuck you blaming this on Obama, the good jobs were already gone before any of you "free market" Bozos ever heard of him.

Jobs left this country due to the laws of supply and demand. Unions and high taxes were a big factor. Why is there no longer a textile industry in South Carolina and Georgia? Why is there no longer a commercial shipbuilding industry anywhere in the USA? Why have US steel mills closed? Answer, unions and taxes.

face it, liberal policies have destroyed much of american industry.

Bullshit, blaming things on unions and taxes is nothing but a dodge. No American will ever work for the wages that Chinese migrants will work for. Companies are still chasing cheap labor around the globe, now that wages have went up some in China the assholes are looking to places like Bangladesh. What's your excuse there? No labor unions or high corporate taxes in China.

 

[Skylar]

The US Chamber of commerce, a leading republican donor/lobbying group, was/is the biggest proponent of shipping jobs to China. Send them your thanks. For years they instructed their members in the correct way to ship jobs out of country and facilitated contacts with Chinese officials and business groups to ease the transition. While this was going on republican politicians steadfastly claims that protecting American jobs through the limited means avialiable to the government would hurt the economy. Fuck you blaming this on Obama, the good jobs were already gone before any of you "free market" Bozos ever heard of him.

Jobs left this country due to the laws of supply and demand. Unions and high taxes were a big factor. Why is there no longer a textile industry in South Carolina and Georgia? Why is there no longer a commercial shipbuilding industry anywhere in the USA? Why have US steel mills closed? Answer, unions and taxes.

face it, liberal policies have destroyed much of american industry.

Most issues of globalization have little to do with liberal or conservative policies. But straight up Cost of Living. China produces most of the world's steel because it had almost no regulation, ridiculously low wages (often less than a dollar an hour), and an artificially depressed currency. They are also pollute at ludicrous levels. With places like Bejing having skies so choked with smog that they actually have large LCD displays showing sunrises so people know when its happening. Water pollution is off the charts with lead, mercury and other dangerous compounds at rates higher than would be considered safe in any western nation. Working conditions are murderously poor, with companies having to put nets outside of dormitory windows to keep the suicide rates under control.

True it grows an industry. But would you want to live and work under those conditions?

 

[Harry Dresden]

so wait until the Chinese worker wants to unionize...going from a buck an hour to 5 will cripple them...

 

[TakeAStepBack]

When the economy is centrally planned like it is the world over these days from country to country, the cost of living most definitely has everything to do with policy. In our world, the federal reserve has the biggest hand in it, but policy makers who shake people down, increase themselves at the behest of others and on and on, it makes a huge difference what policies are in place. At the same time conservative and modern liberal policy all involver a large amount of central planning. So they aren't different foer the most part. Just who the special interest groups are. Which is what the real fight is about in washington.

 

[OnePercenter]

Well it was fun while it lasted but leave it up to a black president who never had any executive experience in his career to allow this to happen. Oh and don't forget under this constitutionally ineligible president the U.S. credit rating was downgraded for the first time in history. If Palin (a pure constitutional natural born Citizen) was president, none of this would have never happened.

China Overtakes US As World s Largest Economy - Business Insider

Simple:

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 300 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure. Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

 

[initforme]

They have less regulations and lower wages... so the air is toxic and the people are barely scraping by. China is the last economic model we should examine as being a success.

 

[TakeAStepBack]

Well it was fun while it lasted but leave it up to a black president who never had any executive experience in his career to allow this to happen. Oh and don't forget under this constitutionally ineligible president the U.S. credit rating was downgraded for the first time in history. If Palin (a pure constitutional natural born Citizen) was president, none of this would have never happened.

China Overtakes US As World s Largest Economy - Business Insider

Simple:

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 300 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure. Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

All economic nonsense aside like :23 an hr min wage.....GOOD LUCK!

 

[Skylar]

Damn, the US really should start paying workers less than a dollar and hour to get the first place back..

or we could pay everyone a " living wage" of $100/hour and put everyone on welfare. Or, here's a better idea, pay every american 100K per year no matter what they do, whether they work or not, or whether they are brilliant or dumb as a sack of nails. Everyone equal, all the same-------------liberal utopia.

Surely there's a number between 1 and 100. I'm sure I've seen them.

Ok, what it is it? What is a "living wage" in manhattan, miami, fargo, baton rouge, boise, detroit, amarillo?

Living wage rates would have to be defined somewhat locally. As the cost of living differs so radically from region to region. I don't think you'd be able to set a national standard that was particularly effective. I don't even think a state rate would work. You'd probably have to set a rate based on the CoL of a particular area to be useful.

said another way-------let supply and demand in each local market set the price of labor.

The obvious problem with that reasoning is....a person can't work if they can't eat. If working a job doesn't cover the basic necessities of living like food, clothing, shelter, food and medical care, a person can't do the job. We've tried the 'let the market find its own level' angle during the Guilded Age. It was a disaster. With the working conditions being utterly draconian.

As a point of strict practicality, you need a system that pays a living wage or you need a system of social welfare to make up the difference between what is paid and what is needed. But human needs don't give a shit about supply and demand. You've gotta eat, regardless of what the market value of labor is.

We have entire companies that build their business plan around social welfare systems. Walmart for example knows it doesn't pay anything close to enough to live on. So they hand out food stamp applications with their training packets. Using the government to subsidize a labor rate insufficient to meet the basis needs of its employees.

Don't get me wrong, if you're not working you're not going to get a tremendous amount of sympathy from me. But if you're working a full 40 doing productive, necessary work.....you should have enough to eat. You should be able to afford housing. And clothing. And medical care. As the jobs being performed are absolutely necessary for our economy to work. We need retail folks. We need janitors and cab drivers and maintenance men. And a system that *requires* the labor of people it won't pay enough to live is sick.

 

[occupied]

The US Chamber of commerce, a leading republican donor/lobbying group, was/is the biggest proponent of shipping jobs to China. Send them your thanks. For years they instructed their members in the correct way to ship jobs out of country and facilitated contacts with Chinese officials and business groups to ease the transition. While this was going on republican politicians steadfastly claims that protecting American jobs through the limited means avialiable to the government would hurt the economy. Fuck you blaming this on Obama, the good jobs were already gone before any of you "free market" Bozos ever heard of him.

Jobs left this country due to the laws of supply and demand. Unions and high taxes were a big factor. Why is there no longer a textile industry in South Carolina and Georgia? Why is there no longer a commercial shipbuilding industry anywhere in the USA? Why have US steel mills closed? Answer, unions and taxes.

face it, liberal policies have destroyed much of american industry.

Most issues of globalization have little to do with liberal or conservative policies. But straight up Cost of Living. China produces most of the world's steel because it had almost no regulation, ridiculously low wages (often less than a dollar an hour), and an artificially depressed currency. They are also pollute at ludicrous levels. With places like Bejing having skies so choked with smog that they actually have large LCD displays showing sunrises so people know when its happening. Water pollution is off the charts with lead, mercury and other dangerous compounds at rates higher than would be considered safe in any western nation. Working conditions are murderously poor, with companies having to put nets outside of dormitory windows to keep the suicide rates under control.

True it grows an industry. But would you want to live and work under those conditions?

Personally I blame the greediest and most coldly profit chasing group of people on the face of the earth, "the stockholders". Christ, the very thought of stock prices falling or the board being voted out will send jobs flying over to China without a second thought. Fuckers are totally insulated from the pain they inflict on the job market just to earn a damned dividend.

 

[hjmick]

I see the OP's author is still wallowing in his ignorance and bigotry, no surprise. Why anyone bothered to respond is beyond me...



Oh yeah... There are plenty of things to lay at the feet of President Obama, some good, more bad (IMO), but that China has become the world's largest economy? Not one of them...

 

[Skylar]

They have less regulations and lower wages... so the air is toxic and the people are barely scraping by. China is the last economic model we should examine as being a success.

I believe that's called 'racing to the bottom'.

 

[Skylar]

The US Chamber of commerce, a leading republican donor/lobbying group, was/is the biggest proponent of shipping jobs to China. Send them your thanks. For years they instructed their members in the correct way to ship jobs out of country and facilitated contacts with Chinese officials and business groups to ease the transition. While this was going on republican politicians steadfastly claims that protecting American jobs through the limited means avialiable to the government would hurt the economy. Fuck you blaming this on Obama, the good jobs were already gone before any of you "free market" Bozos ever heard of him.

Jobs left this country due to the laws of supply and demand. Unions and high taxes were a big factor. Why is there no longer a textile industry in South Carolina and Georgia? Why is there no longer a commercial shipbuilding industry anywhere in the USA? Why have US steel mills closed? Answer, unions and taxes.

face it, liberal policies have destroyed much of american industry.

Most issues of globalization have little to do with liberal or conservative policies. But straight up Cost of Living. China produces most of the world's steel because it had almost no regulation, ridiculously low wages (often less than a dollar an hour), and an artificially depressed currency. They are also pollute at ludicrous levels. With places like Bejing having skies so choked with smog that they actually have large LCD displays showing sunrises so people know when its happening. Water pollution is off the charts with lead, mercury and other dangerous compounds at rates higher than would be considered safe in any western nation. Working conditions are murderously poor, with companies having to put nets outside of dormitory windows to keep the suicide rates under control.

True it grows an industry. But would you want to live and work under those conditions?

Personally I blame the greediest and most coldly profit chasing group of people on the face of the earth, "the stockholders". Christ, the very thought of stock prices falling or the board being voted out will send jobs flying over to China without a second thought. Fuckers are totally insulated from the pain they inflict on the job market just to earn a damned dividend.

I see the OP's author is still wallowing in his ignorance and bigotry, no surprise. Why anyone bothered to respond is beyond me...



Oh yeah... There are plenty of things to lay at the feet of President Obama, some good, more bad (IMO), but that China has become the world's largest economy? Not one of them...

China being the 'worlds largest economy' requires that you use a very narrow and extremely specific set of calculations, tied most closely to currency fluctuations. They're still decades behind us in say, GDP. Which is the most common and widely used standard of economic size.

 

[NYcarbineer]

Chinese workers are making 3 or 4 hundred dollars a month to produce goods sold in the US.

If it bothers you that China is the largest economy in the world, what's your specific plan for getting those sort of jobs back to the US?

 

[haissem123]

Well it was fun while it lasted but leave it up to a black president who never had any executive experience in his career to allow this to happen. Oh and don't forget under this constitutionally ineligible president the U.S. credit rating was downgraded for the first time in history. If Palin (a pure constitutional natural born Citizen) was president, none of this would have never happened.

China Overtakes US As World s Largest Economy - Business Insider

lol. this just proves the stupidity of republicans in general. blame everything on one black man. lol. did you think an economy we keep sending our jobs and money too with what 6 times the people would some how not make them the biggest economy?

 

[occupied]

They have less regulations and lower wages... so the air is toxic and the people are barely scraping by. China is the last economic model we should examine as being a success.

I believe that's called 'racing to the bottom'.

I believe the bottom was finally reached in Bangladesh when that huge garment factory collapsed and killed all those people, mostly women tricked into practically unpaid bondage so that US retailers could sell 5 t-shirts for 5 dollars. (what a bargain!)

 

[alan1]

Well it was fun while it lasted but leave it up to a black president who never had any executive experience in his career to allow this to happen. Oh and don't forget under this constitutionally ineligible president the U.S. credit rating was downgraded for the first time in history. If Palin (a pure constitutional natural born Citizen) was president, none of this would have never happened.

China Overtakes US As World s Largest Economy - Business Insider

Population of China, 1.35 billion
Population of USA, 318.8 million

China has over 4 times the population of the USA and their economy is barely larger than ours. All things being equal, their economy should be way larger than ours. You can hardly blame it on Obama. I'm a conservative and your post is partisan crap.

 

[haissem123]

They have less regulations and lower wages... so the air is toxic and the people are barely scraping by. China is the last economic model we should examine as being a success.

I believe that's called 'racing to the bottom'.

I believe the bottom was finally reached in Bangladesh when that huge garment factory collapsed and killed all those people, mostly women tricked into practically unpaid bondage so that US retailers could sell 5 t-shirts for 5 dollars. (what a bargain!)

dont worry. there wont be any major consequences for enslaving billions around the world in the name of our capitalist victory for the few owning us all. we won't feel any pain. lol. there is hell to pay coming to us all for allowing this way of death to take over the world.

 

[Political Junky]

The Right will be dancing in the streets - well, those that believe dancing isn't a sin.

 

[Harry Dresden]

The Right will be dancing in the streets - well, those that believe dancing isn't a sin.

show us a picture when it happens.....