Where is the US economy headed?

Reducing business taxes alters the calculation any business owner or manager makes when he considers new investments in either staff or capital equipment. The tax reduction increases the forecast net (post tax) income from and gain on both the new investment and existing operations, and raises the free cash flow of the operation. For cash limited, growing concerns now finding bank loans hard to get, this will directly translate into new investment & new hires. For companies that are unprofitable no beneficial effect will result.

Unfortunately for those businesses adversely affected by the aggressive regulatory hand of our government under the current administration, and fearful of future hostile government actions, these incentives won't work either.

The problem is that the GOP will block any attempts to place money in the hands of the working class and they along with the middle class are the consumers who fuel this economic.

Placing funds in the hands of the business class is not going to fuel demands for goods and services and such increase demands is what is needed now.

I sure hope minimum wage didn't increase unemployment, because I was one of it's supporters. I have since had doubts, but admit my culpability.

That's not always true; it also depends a great deal or sales forecasts.

I can not be sure if it did or did not in this economic system that we have because I do not think that it has evolved into what I would think is even close to a science.

Just as many people would like to see a dept ceiling I would also like to see an income ceiling and if it is raised for those at the top it should also be raised for the labors in the field that are paid a very low wage for working in the elements.

I also think that income should be raised the same amount as those at the top if the poor are willing to get up each and every day of their life and try as hard as they can!

I wonder if Jesus may of had similar thoughts as well? and no I am no Jesus!

So you are buying into the idea that the poor are poor because they do not work hard?

Sorry but most poor are in the class of working poor and work as hard as anyone else.

You seem to misunderstand me me or I came across wrong because I agree with you except this part! So you are buying into the idea that the poor are poor because they do not work hard

If I had my way everyone who tries as hard as they can would all make the same hourly wage but I do realize that this is not the reality that we live in!

If our system in its present form was some what honest I would think that the scientist would be paid the most but instead people like me are able to reap their rewards and I am not proud of that!

Tries what as hard they can? One reason your system wouldn't work is that without wage differentials, you couldn't lure people out of low-demand jobs and into high-demand ones.

There is some logic in that comment however my desire to be in engineering have zero to do with the salary and date back to my early childhood and I am sure that I am not alone in having salary not playing a large role in a career path.

Footnote in the late 1960s there was some railroad conductors were earning 70 thousands a year!!! and yet I never dream of turning a summer job into a career path even if it was then possible to earn more as a union railroader then an electrical engineer.

What is high demand?
People want things that me and you could care less about at times like music, entertainment and so forth and many people do these things for pleasure without pay.
I wonder if a garbage man does the same but then again they may not be in demand! Who needs their service?

Some stats, Roger, on the minimum wage from the BLS in 2010.
4.4M of us earn $7.25 an hour.
1M are aged 16-19 and 1.1M are 20-24 (48% in total)
500K are 25-29 and then it drops off a bit in each 5 year increment.
Women are over represented in the population of minimum wage earners and, no surprise, education level directly correlates. I think I saw that 1% of minimum wage earners have PHD's. Go figure.
There is an * that should be noted. Some 16% of minimum wage earners are in the service sector (e.g. waitresses). They are guaranteed and listed minimum wage but their tips often take them above $7.25/hr.
Alan Krueger favors increasing the wage while Bachmann seems to have suggested recently that it be rolled back.

It's looking more and more like this Obama recession is already double dipping and it also
looks like he has no plans to prevent his recession from becoming the Obama depression.

H2O MAN do you think that liberals and conservatives have much in common?
You seem to be polarized in my opinion but I do realize that we all are confirmation bias!

This is a long 4 minute video so I do understand that many of you may not have time for it.

I think that this is a very smart young man!


Liberals vs Conservatives

Interesting clip - well expressed and clear in exposing the hypocrisy characteristic of both sides in the conflict. However it was also very shallow in failing to come to grips with the obvious conclusion to its own central point.

If justice can be obtained only with the right moral actions of individuals - those with political power and those without it; and if all those seeking political power are inevitably corrupted by the desire to get or keep that power; then isn't it evident that we are better off with less ("self corrupting") government rather than more (i.e. avoiding government "solutions" wherever we can) , given the the inescapable corruption of those involved?

And how would you go about changing our constitution to meet your "less government meme?"

You were just bragging over on the Greece thread about how versatile the US economy is. Your challenge to George now suggests that you are set in concrete.

Make your mind up ci.

I merely expressed the obvious preference for relying on individuals rather than government except in cases for which no feasible choice is involved.


How to go about it now? Vote Republican - It isn't a perfect choice but it is farr better than the alternative.

When you say that Republican is far better than the alternative do you include the scientific method in the alternatives as well?

{Republican} seems to be making an emotional statement to me, it is an ideology without facts. I wonder if we will ever bring science into the voting booths.

That is debatable, what is not is that they have an idea and a plan, where-as the Dems have none. A likely bad idea/plan trumps no idea/plan at election time when America is deep into the weeds, hurting, and looking for a way out.

I have no faith that the Dems are bright enough to wake up to realize that unless they get a clue fast the charge that the GOP has bad ideas that will hurt America is not going to carry the day. Besides, at this point it is too late for the DEMS to form an idea, they have no idea creation infrastructure, and they are wedded to old liberal ideas that the country long ago rejected, and now rejects in increasing numbers.