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Fix THIS problem and the economy will recover
invite response
2011 Oct 26, 4:13am 3,158 views 6 comments
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Agreed. If you look at charts before this era, you see prosperity has hit the bottom four, but that's not true recently.
A huge percentage of our GDP is based on consumption, and if the consumers can't consume, then the economy won't recover.
TPB
2011 Oct 26, 8:51am
Our economy will never consume again not as long as we allow 70% of global energy prices to be artificially inflated by greedy speculators and investors. They are responsible for 70% of the global economy stagnation.
People can't afford the 20 to 50% premium on everything across the board that unofficial VAT tax creates. Employers can't have to decide between raw goods and shipping costs over employees and wages, less employees and employees making less money, just compounds the already burdened economy.
Rinse and repeat.
This will end by one or two ways, either with global Civil War, it will be Global citizens fighting the UN or World Corporate Army trying to crush the uprising.
Or America will go back to the basics that worked for since the last time we had to dole Standard Oil a smack down. Our grandfathers should have left a SOP manual, describing WHY they did what they did. Instead of just fixing things, and expecting their Grandson's to know why, or what to say, when Standard Oil came visiting with hat in hand to give condolences when Gramps dies.
It went like this...
"He was a fine man, now about that Oil?"
TMAC54
2011 Oct 26, 2:50pm
If you want the economy to recover
RECOVER FROM WHAT ??? What caused THE financial crisis ?
Answer: The end of the introduction of the computer. era 1985-2008
There will be no RECOVERY ! Hopefully we blend back into normal intelligent growth as opposed to going MADMAX.
zzyzzx
2011 Oct 27, 12:55am
If I could only implement one fix, it would be that we need massive import duties.
At least GW would have fixed the economy by now.
Just like he fixed it in 2002!
He didn't sit around blaming everyone when things went bad.
Other than BIll Clinton, you mean.
You know since this is all Bush's fault even 3 years later, we would be better off with Bush.
Cool theory bro. What is it that we're spending all of our money on now again?
Forget the Fed. Forget fiat currency. Forget 999/flat taxes. If you want the economy to recover, fix this problem.
"As the chart at right shows, between 1979 and 2007, the share of after-tax income going to each of the bottom four income quintiles--the bottom 80 percent--has dropped. The only quintile that has increased its share is the top 20 percent. And the top 1 percent has more than doubled its share."
http://www.cbo.gov/doc.cfm?index=12485