Where is the US economy headed?

@Thomas,

Not when he's done the same bull **** to me!

I'll name-call all I want; you can go to hell!

From a previous post:

Quote:

mysteryman wrote:

Cyclo:
.
Quote:
I lived in Texas for years and am well familiar with the man,

MM:
Quote:
Unless you know him personally, you cannot be "well familiar" with him.

Using your logic, I am "well familiar" with Jerry Brown, because I was born and raised in Ca.

That's logic?

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Jeffrey Miron, Harvard

Quote:

"The anti-business atmosphere in the United States - the dislike of capitalism, the soak the rich attitude that a lot of Democrats seem to be embracing these days; that is the major impediment to businesses wanting to do more investment, do more hiring," Miron declares

http://finance.yahoo.com/blogs/daily-ticker/harvard-jeffrey-miron-blames-anti-business-democrats-lack-171746551.html;_ylt=AsI_L_K49kxnwNJiZgynilW7YWsA;_ylu=X3oDMTFjZ252b3BrBHBvcwMzBHNlYwNGUERhaWx5VGlja2VyQmxvZwRzbGsDYmxhbWVhbnRpLWJ1

I think that is right, but mostly for a reason that Miron does not mention...all of the bail outs, the tortured legal framework used to shed GM and Chrysler of their debt and give Chrysler away to Fiat, and muli year program to rebuild the banks with free money from the FED have shown beyond doubt that America does not believe in capitalism and will use the Government to queer the markets and force the violation of the rules of capitalism any time it wants a different result than the one that capitalism delievers. This being the case why should those who hold the money take risk with it playing capitalism? Might as well put it in the mattress waiting for the day that capitalism collapses, as certainly that rainy day is near....

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@hawkeye10,

Quote:

If U.S. lawmakers cannot get their act together, Lieberthal believes this could be the "China Century".
"America is not seen as a paper tiger by any means…no one thinks of us other than number one out there. The question is what the future holds and on that I think there are some really serious worries around Asia," he tells The Daily Ticker's Aaron Task in the accompanying interview. "Many see the U.S. as having peaked on a trajectory that will lead to the U.S. playing a relatively peripheral role to China's future Central role in the region."
But there is hope because we still have some of the best schools in the world, a democratic political system and an economy based on capitalism, says Lieberthal.
"If you look back at American history you cannot make the case we've been very good at avoiding huge crises in he course of our history," he says. "What you can make the case for is we have been better than any other country at recovering from those crises and becoming stronger because of the changes we made in the course of that recovery."
Bottomline: The future is really in our own hands and time will tell if America still has its bounce-back capability.

http://finance.yahoo.com/blogs/daily-ticker/lieberthal-u-political-dysfunction-could-break-america-142456537.html;_ylt=AvJrOjVXYAe45oPzMmvbaSC7YWsA;_ylu=X3oDMTFjb2pqbW82BHBvcwM1BHNlYwNGUERhaWx5VGlja2VyQmxvZwRzbGsDcG9saXRpY2FsZHlz

Several Decades of aggressively selling the victim culture through indoctrination to the youth in our schools and various heavy handed government efforts (to include the teaming up with the feminists to rewrite sex law) has pretty much made it a slam dunk that the answer is no....Americans no are longer able to bounce back from adversity.

1 Reply

@hawkeye10,

To what extent, hawk, did you consider the use of "aggressively" in that?

1 Reply

@spendius,

spendius wrote:

To what extent, hawk, did you consider the use of "aggressively" in that?

It was on purpose, I have long ago concluded that the American Government has become abusive towards the American people..as David said first here it has usurped its authority through violation of the Constitution, which has been allowed by our corrupt and incompetent Supreme Court.

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@hawkeye10,

Sorry but there never been a "pure" capitalism system and there never will be and there is a clear break point where government control-regulation-oversight is too small to keep the economic from self destruction.

1 Reply

@BillRM,

BillRM wrote:

Sorry but there never been a "pure" capitalism system and there never will be and there is a clear break point where government control-regulation-oversight is too small to keep the economic from self destruction.

There is a country mile between regulation and regulated monopolies as we have seen in American history and todays practice of pretending that we have capitalism and let the markets decide but in fact the government decides winners and losers and so the corporate class corrupting government has been hugely effectual in buying success.

Honesty, transparency and fairness we used to have in good supply, but no longer.

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@hawkeye10,

Also Bill, the reason why the Solyndra story has legs, the reason why Team Obama members were sounding the alarm about Solyndra's probable failure well over a year ago, it that it confirms everything that we think we already know about how business has corrupted Government, about how the government is paid off in campaign contributions and then greases the money chutes for the current favorites.

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@hawkeye10,

Quote:

pretending that we have capitalism and let the markets decide but in fact the government decides winners and losers and so the corporate class corrupting government has been hugely effectual in buying success.

I do think that this is a byproduct of capitalism!

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@hawkeye10,

Quote:

Honesty, transparency and fairness we used to have in good supply, but no longer.

Sorry you could not be more wrong try checking out a few books from the public library on the financing of the transcontinental railroad that started being build during the civil war or the fun have by all a decade or so later when Gould and Fisk try to comer the gold supply.

Hell try a few books on the trading in the first government bonds and shares in banks stocks during George Washington administration.

1 Reply

@BillRM,

Quote:

Sorry you could not be more wrong try checking out a few books from the public library on the financing of the transcontinental railroad that started being build during the civil war or the fun have by all a decade or so later when Gould and Fisk try to comer the gold supply.

I thought we decided that the robber baron period was a bad idea that we did not want to repeat?? But you are correct that government has been corrupted before, it was not until the rise of the unions and the other hard lessons of a bad depression that we are able to put a stop to it.

What are we going to do to stop it this time? Is a depression going to be enough? Can we still learn from pain? After decades of promoting the victim culture are we still of enough intestinal fortitude to be able to pick ourselves up off the floor after a depression and rebuild this society into something that is fair and that works? I am not particularly optimistic.

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@hawkeye10,

Quote:

What are we going to do to stop it this time?

We are all one big union and I would say that we need to do something about the state of this union!

Do you think that a union is a socialist idea?

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@reasoning logic,

Quote:

Do you think that a union is a socialist idea?

Sure, and I consider myself to a union man after being in a union shop three different times. I also am a firm believer in co-ops, having lived in a student housing co-op where I was a officer for much of the time.

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@hawkeye10,

Quote:

But you are correct that government has been corrupted before, it was not until the rise of the unions and the other hard lessons of a bad depression that we are able to put a stop to it.

Sorry but human nature does not change and there is and away will be force and counter force concerning government oversights and controls limiting the corruption in the economic.

We by the way never put a stop to it only control it to a greater degree for a time.

1 Reply

@BillRM,

Quote:

Sorry but human nature does not change

What do you mean by this? I can only imagine that at one time people would say that we are hunter gatherers by nature and that we will always be.

I think that our economic system is stuck in this hunter gather mindset and has been since the beginning of man [animal] but I do have hope!

1 Reply

@reasoning logic,

reasoning logic wrote:

Quote:
Sorry but human nature does not change

What do you mean by this? I can only imagine that at one time people would say that we are hunter gatherers by nature and that we will always be.

I think that our economic system is stuck in this hunter gather mindset and has been since the beginning of man [animal] but I do have hope!

Hope for what?, that we will all instead lay in our caves or on our couches waiting for the government to feed us, result being rampant starvation. Be aware that would happen with radical left systems. I vote we accept human nature and use it for good.

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@okie,

Did you watch the short video and if you did what did you think about it?

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@reasoning logic,

reasoning logic wrote:

Did you watch the short video and if you did what did you think about it?

I went back and watched it. Frankly, I thought it was silly.

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@okie,

If you went back and watched it in the 6 minutes from the time I asked how is it possible when all three parts total about 20 minutes?

1 Reply

@reasoning logic,

I watched it enough to know it was silly.

1 Reply

Where is the US economy headed?

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