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| Topic: Four days in a row! | |
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so what day are we on now????
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 Fanta Rox
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Edited by
AndrewAV
on
Fri 03/20/09 07:42 PM
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I agree somewhat with your comments yes we need to rebuild our manufacturing base that is the core for prosparity. No, manufacturing is not the core of our prosperity. I said nothing of the sort. We need to rebuild our fiscal base. We must stop living above our means just because we can. If manufacturing can be done overseas, so be it. If it's less expensive to businesses, then our costs will stay low. if you import those jobs here and they cost more to do, well, then you're going to see a hike in the cost of that good too. Outsourcing is an absolute necessity in today's economy. Without it, cost-push inflation shows it's ugly head and the cost of everything goes up. Bringing those jobs back now is not the answer to our problem. unemployment is normal in a recession - what we truly need to do is fix the base of the pyramid - fiscal responsibility across the board. Doing that will lessen the fall next recession and unemployment will not rise nearly as far. As much as you may disagree, I believe our outsourcing and globalization has saved us from the next great depression. Though if you disagree, back it up. i have to go visit my mom at the hospital and will explain later. what does that have to do with anything? To keep this short and simple, inflation does have a small impact domestically in a completely closed system. However, assuming people receive raises that correlate to the rate of inflation, inflation will have zero effect in a completely enclosed system. However, the world is not an enclosed system and we buy, trade, and sell to/with other nations. These other nations make this system (the world) actually many smaller systems that intertwine. If we still purchased and sold goods from other nations and did this whole bailout, dump $3T+ into the economy bit, the inflation would drive the value of the dollar down. That means less income on exports and more cost to consumers on imports. That would essentially put us into an endless loop where the economy progressively got worse and worse. Again, I'm oversimplifying it but just take this: if we fall, others take our place. I miss where the point about healthcare has anything to do with a fiscal crisis. ok, many people are hurting financially because of medical bills. That's fine. It has nothing to do with the macroeconomic spectrum. that is where the root lies. yes, part of this perfect storm came from the micro spectrum where individuals and banks acted irresponsibly, however the root lies at the top of our financial system in how our money supply is controlled. A house built on a foundation of sand will eventually fall. No matter how many times you rebuild on that spot, it will always fall. We must first fix our foundation before we built upwards. Isnt this the same Mantra that created this crisis? I dont have much time but our health care system isnt all that great but it is the most expensive in the world and america ranks near the bottom in terms of care in the western democracies. The ideology that created the root of this problem is a centralized government. Guess who obviously supports that? |
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I agree somewhat with your comments yes we need to rebuild our manufacturing base that is the core for prosparity. No, manufacturing is not the core of our prosperity. I said nothing of the sort. We need to rebuild our fiscal base. We must stop living above our means just because we can. If manufacturing can be done overseas, so be it. If it's less expensive to businesses, then our costs will stay low. if you import those jobs here and they cost more to do, well, then you're going to see a hike in the cost of that good too. Outsourcing is an absolute necessity in today's economy. Without it, cost-push inflation shows it's ugly head and the cost of everything goes up. Bringing those jobs back now is not the answer to our problem. unemployment is normal in a recession - what we truly need to do is fix the base of the pyramid - fiscal responsibility across the board. Doing that will lessen the fall next recession and unemployment will not rise nearly as far. As much as you may disagree, I believe our outsourcing and globalization has saved us from the next great depression. Though if you disagree, back it up. i have to go visit my mom at the hospital and will explain later. what does that have to do with anything? To keep this short and simple, inflation does have a small impact domestically in a completely closed system. However, assuming people receive raises that correlate to the rate of inflation, inflation will have zero effect in a completely enclosed system. However, the world is not an enclosed system and we buy, trade, and sell to/with other nations. These other nations make this system (the world) actually many smaller systems that intertwine. If we still purchased and sold goods from other nations and did this whole bailout, dump $3T+ into the economy bit, the inflation would drive the value of the dollar down. That means less income on exports and more cost to consumers on imports. That would essentially put us into an endless loop where the economy progressively got worse and worse. Again, I'm oversimplifying it but just take this: if we fall, others take our place. I miss where the point about healthcare has anything to do with a fiscal crisis. ok, many people are hurting financially because of medical bills. That's fine. It has nothing to do with the macroeconomic spectrum. that is where the root lies. yes, part of this perfect storm came from the micro spectrum where individuals and banks acted irresponsibly, however the root lies at the top of our financial system in how our money supply is controlled. A house built on a foundation of sand will eventually fall. No matter how many times you rebuild on that spot, it will always fall. We must first fix our foundation before we built upwards. Isnt this the same Mantra that created this crisis? I dont have much time but our health care system isnt all that great but it is the most expensive in the world and america ranks near the bottom in terms of care in the western democracies. The ideology that created the root of this problem is a centralized government. Guess who obviously supports that? That was a nice tyraid but you miss the whole point about the people being the economy to begin with. We make the economy run, if we are short of cash the economy fails. As for health care, a healthier nation is a more productive nation so that helps the economy too. You can't take the human element out of it and make it right at all. |
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I agree somewhat with your comments yes we need to rebuild our manufacturing base that is the core for prosparity. No, manufacturing is not the core of our prosperity. I said nothing of the sort. We need to rebuild our fiscal base. We must stop living above our means just because we can. If manufacturing can be done overseas, so be it. If it's less expensive to businesses, then our costs will stay low. if you import those jobs here and they cost more to do, well, then you're going to see a hike in the cost of that good too. Outsourcing is an absolute necessity in today's economy. Without it, cost-push inflation shows it's ugly head and the cost of everything goes up. Bringing those jobs back now is not the answer to our problem. unemployment is normal in a recession - what we truly need to do is fix the base of the pyramid - fiscal responsibility across the board. Doing that will lessen the fall next recession and unemployment will not rise nearly as far. As much as you may disagree, I believe our outsourcing and globalization has saved us from the next great depression. Though if you disagree, back it up. i have to go visit my mom at the hospital and will explain later. what does that have to do with anything? To keep this short and simple, inflation does have a small impact domestically in a completely closed system. However, assuming people receive raises that correlate to the rate of inflation, inflation will have zero effect in a completely enclosed system. However, the world is not an enclosed system and we buy, trade, and sell to/with other nations. These other nations make this system (the world) actually many smaller systems that intertwine. If we still purchased and sold goods from other nations and did this whole bailout, dump $3T+ into the economy bit, the inflation would drive the value of the dollar down. That means less income on exports and more cost to consumers on imports. That would essentially put us into an endless loop where the economy progressively got worse and worse. Again, I'm oversimplifying it but just take this: if we fall, others take our place. I miss where the point about healthcare has anything to do with a fiscal crisis. ok, many people are hurting financially because of medical bills. That's fine. It has nothing to do with the macroeconomic spectrum. that is where the root lies. yes, part of this perfect storm came from the micro spectrum where individuals and banks acted irresponsibly, however the root lies at the top of our financial system in how our money supply is controlled. A house built on a foundation of sand will eventually fall. No matter how many times you rebuild on that spot, it will always fall. We must first fix our foundation before we built upwards. Isnt this the same Mantra that created this crisis? I dont have much time but our health care system isnt all that great but it is the most expensive in the world and america ranks near the bottom in terms of care in the western democracies. The ideology that created the root of this problem is a centralized government. Guess who obviously supports that? That was a nice tyraid but you miss the whole point about the people being the economy to begin with. We make the economy run, if we are short of cash the economy fails. As for health care, a healthier nation is a more productive nation so that helps the economy too. You can't take the human element out of it and make it right at all. You are completely missing the point of my "tirade." The economy does not deal in human worth. yes, the human resource is traded on the market but the market is based on the dollar and the nature of the dollar is fundamentally flawed. You can give everyone healthcare. You can give everyone jobs. You can make the economy more "green." The fact is, while everyone is outraged at the greed from the few at the top (read: AIG, GM, etc) it's the greed at the bottom that hurts the most. Even with full employment and nationalized healthcare, we still have more desires and wants. Unions demand more pay and more benefits that deserve half the pay they receive. People want bigger homes, faster cars, bigger trucks, another dirtbike, that $10k entertainment system, that $500 purse. That is the nature of us. With the state of our current financial system, money is unlimited. That is the main problem. Scarcity is a fact of economic existence and the basis for every economic theory. It applies to anyone and everyone except for the Fed. |
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let's re name the title of this thread to:
10 years in a row of over $1 trillion in budget deficits.. |
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