Where is the US economy headed?

@cicerone imposter,

No matter how much less fashion, and gee-gaws and knick-knacks are produced they still have hungry bellies so where they grow food will be always busy.

1 Reply

@spendius,

spendi, How would you know that? Does the pub you frequent have a "donation" can for the needy?

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@cicerone imposter,

cicerone imposter wrote:

okie, You really don't understand any level of economics. It's not high wages and benefits that prices our products and services offshore. You need to study the concept of "competitive advantage." It's okay to offshore labor intensive jobs, but that also means we must develop more high tech products and services to create jobs in sectors new to the world economy. Your head stays in that dark place where you learned nothing from your conservative-washed brain in school. You are hopeless.

Its not high wages and benefits that prices our products and services offshore? What is it then, ci, oh wise one? I would submit to you that it is a significant reason, others include regulations and business taxes.

We can develop high tech products, yes, and educate ourselves to the point of being at or near the top of the heap technologically and scientifically, but with our educational system falling behind in terms of math and science, good luck with that, ci. I do not believe we can afford to place all of our hopes in that scenario, and that could be one reason why we may be losing our grip on continuing as the strongest nation in the world. I for one would not advocate forfeiting or giving up on manufacturing, such as cars, etc. Besides, not every person is suited for high tech jobs, we need good paying manufacturing jobs too, because nobody should expect to support families by working low paying jobs, such as MacDonalds, etc.

1 Reply

@okie,

okie, I "studied" economics in school. I'm not a teacher, and you are not my student. Go learn about it on your own if you are really interested. You seem ignorant of basic economic theory.

HINT: Those working in some skills still earn top dollars. Try to figure out why?

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@cicerone imposter,

cicerone imposter wrote:

okie, I "studied" economics in school. I'm not a teacher, and you are not my student. Go learn about it on your own if you are really interested. You seem ignorant of basic economic theory.

HINT: Those working in some skills still earn top dollars. Try to figure out why?

If you studied economics, and you still do not think wages and benefits affects job location, you need to go back to school. Any dufus knows that they do, without going to school.

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@cicerone imposter,

This was dys' response when I asked him about you (okie):

Quote:

Re: cicerone imposter (Post 3492095)
cicerone imposter wrote:

What would you call him?

a bigoted asshole with the intellectual capability of small rock.

I didn't go quite that far, but you're threading the border.

1 Reply

@cicerone imposter,

If you are relying upon dys's opinion about an issue or person, no wonder you are completely in the dark, ci. I would suggest a better and more credible source for information.

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@okie,

Like yours? ROFL

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@cicerone imposter,

cicerone imposter wrote:

Like yours? ROFL

Yeah, that would be a vast improvement, ci. How are you feeling these days? Hope you are doing well, as this year draws to a close. Hope you had a nice Thanksgiving. Lots to be thankful for, ci.

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I'm sure the spinsters are reloading their spin machines right now, so be prepared to debate over the next 4 years the economy, if it is a recession now, who is to blame, Bush, Obama, the Democratic Congress, etc. etc.

I notice this morning that the National Bureau of Economic Research has now declared we are not only in a recession, but have been for the past year. Is this a surprise given the following:

"David Romer and Christina Romer, Barack Obama's former campaign economic advisors, is and was (respectively) a member of NBER (as previously reported by myself). The University of California at Berkeley husband and wife economists are among the most highly respected in the nation. This declaration comes just one week after we received the news that President-elect Obama had appointed Christina Romer as head of his Council of Economic Advisors on November 24, 2008."

http://www.associatedcontent.com/article/1260157/national_bureau_of_economic_research.html?cat=9

I am sure they want everyone to know the economy was in recession before Obama was elected, even before the polls showed Obama was almost for sure going to win, so that not only his presidency, but his impending election could have had absolutely nothing at all to do with the Messiah's influence upon anything bad in the economy.

1 Reply

@okie,

we've been wondereing why gov. schwarzenegger and his wife have been doing quite a bit of advertising on canadian TV lately : "come visit friendly california ! " .

seems that he needs our money ! Wink

http://news.bbc.co.uk/2/hi/americas/7760249.stm

PLEASE SEND HELP - MONEY MUCH APPRECIATED !

Quote:

"Without immediate action, our state is headed for a fiscal disaster," Mr Schwarzenegger said, saying that the current $11.2bn shortfall could swell to "a staggering $28bn" over the next 18 months.

"I compare the situation that we are in right now to finding an accident victim on the side of the road that is bleeding to death," the Republican governor told a news conference in Los Angeles.

"We wouldn't spend hours debating over which ambulance we should use, or which hospital we should use...No, we would first stop the bleeding, and that's exactly the same we have to do here."

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@hamburger,

Well, that is a bit more tactful than saying "Stay home; send your money".

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@roger,

Since our legislature is unable to approve any kind of state budget, it seems the state treasury will be running out of cash in about 4 months. The liberals and conservatives refuse to compromise, and they need more than just a majority to win approval. All the bums should be thrown out of office, but the electorate just loves the pain.

1 Reply

@cicerone imposter,

That is what you might expect ci.

The electorate voted for it didn't they?

Why would they vote for it if they didn't love it? It would be nonsensical to think anything else.

Like turkeys voting for Thanksgiving. As they say.

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@spendius,

$28 billion is only about $700 each. I was hearing of $1000 whores in California long before inflation got rampant.

Watch out for pessimists.

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"Democrats Impatient With Obama to Weigh In on Economy
So far, Obama has avoided taking firm positions on ongoing efforts to shore up the economy -- much to his party's dismay"

WASHINGTON -- Democrats are growing impatient with President-elect Barack Obama's refusal to inject himself in the major economic crises confronting the country.

Obama has sidestepped some policy questions by saying there is only one president at a time. But the dodge is wearing thin.

"He's going to have to be more assertive than he's been," House Financial Services Committee Chairman Barney Frank, D-Mass., told consumer advocates Thursday.

....

http://www.foxnews.com/politics/2008/12/04/democrats-impatient-obama-act-economy/

Off to a flaming start out of the box I see! But what did people expect from a guy with few specifics in the campaign, but instead talked in generalities 98% of the time. But I will expect cyclops to show up here to defend Obama by saying he has done everything and more with specifics.

1 Reply

@okie,

Quote:

Off to a flaming start out of the box I see! But what did people expect from a guy with few specifics in the campaign, but instead talked in generalities 98% of the time. But I will expect cyclops to show up here to defend Obama by saying he has done everything and more with specifics.

on the other hand, maybe obama is being honest, maybe is is showing respect for the fact that a president other than he sits. maybe he is showing respect for our system of government. There are more than a few democrat hacks who don't give a **** about respect of others, they are small people with small minds and little or no character.

So far Obama is everything his supporters could have hoped that he would be.

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@hawkeye10,

He has done a decent job of putting together a cabinet and advisors; still, this wouldn't be a bad time to put forth some specific opinions. It sounds very much like Treasury and Congress are prepared to be accomodating, if only they knew what they might accomodate to.

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"Dodd Calls for Ouster of GM CEO"

http://www.foxnews.com/politics/2008/12/07/dodd-auto-executive-replaced-exchange-bailout/

Well, I call for the ouster of Mr. Dodd of Countrywide sweetheart deals notoriety and Fannie and Freddie. It never ceases to amaze me, these arrogant guys can't balance the federal budget, but they sit there and pass judgement and lecture any poor jerk that comes to Washington to ask for money after the government helped ruin their businesses. It is frankly an insult to all taxpayers, or should be.

I am tired of even listening to Dodd and Frank, I think they should go home and get a different job, run a business for a change, before they even pretend to advise any businesses.

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@okie,

I hear what you are saying, Okie, about Dodd and Frank. But in the end they will vote for some kind of bailout of the big 3. They are covering their butts and pushing forward, rightly or wrongly.
I heard a story about a member of Congress who said that her constituents were divided on this between "No" and "Hell, no." She is, as I think I heard her say, leaning towards "Yes, but."

1 Reply

Where is the US economy headed?

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