US Message Board - Political Discussion Forum

Employment, Debt, Deficit & Austerity

This is a discussion on Employment, Debt, Deficit & Austerity within the Economy forums, part of the US Discussion category; Quote: Originally Posted by zenguy Guests cannot see images in the messages. Please register to forum by clicking here to see images. Before we get ...


Go Back   US Message Board - Political Discussion Forum > US Discussion > Economy

Economy Discuss economic policy and wallstreet

Reply
 
LinkBack Thread Tools Display Modes
  #31 (permalink)  
Old 10-11-2011, 11:59 AM
Registered User
Member #637
 
Join Date: Jan 2004
Posts: 8,083
Thanks: 2
Thanked 794 Times in 604 Posts
Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Rep Power: 262
Bern80 could be State Senator Bern80 could be State Senator Bern80 could be State Senator Bern80 could be State Senator Bern80 could be State Senator Bern80 could be State Senator Bern80 could be State Senator Bern80 could be State Senator Bern80 could be State Senator Bern80 could be State Senator Bern80 could be State Senator
Before we get into the details, let me point out that when a government reduces spending, it has to fire people. If there is already high unemployment, this makes it worse. Furthermore, these fired people now stop paying taxes, and collect unemployment benefits instead, making the government's financial problems worse. And finally, these newly unemployed people don't have much money for shopping, so the retail industry suffers a hit, and they order less stuff from manufacturers, and so on. A policy like this, sometimes called austerity, just makes matters worse.

Just to be clear, the debt I'll be talking about is the total amount of money that the U.S. government owes, and that it pays interest on. The deficit is the difference between total government spending and total government income, in one year. It should be clear that the debt is the result of having a deficit, year after year. In order to reduce the debt we need to have an annual surplus instead of a deficit.

Deficit and debt are bad over the long haul. It's quite important to reduce the deficit, and reduce it a lot. But it does not have to be done immediately. It's a long term problem. The main reason to pay off the debt is because of the interest payments that have to be made. Those are a significant part of the government's total expenses, but in 2011 they are still manageable, still less than what we spend on the military, for example. But if the deficit remains high, the debt will rise, and the interest payment will eventually become unmanageable. As we approach that point, interest rates will rise, because lenders will worry about the safety of their investments. Fortunately, that point is still a few years away, but the danger must be taken seriously.

Having 20% of the population under or un-employed is a very serious immediate problem. That is the principal cause of our large deficit, because unemployed people don't pay taxes! There is no doubt that stimulus works if it's the right kind. Giving money to wealthy people doesn't do it. Same for giving money to large corporations. What does work is either the government hiring people directly, like Roosevelt did, or letting contracts to private companies for goods or services that require workers immediately. Since the nation has thousands of roads and bridges that are in serious disrepair, this one is a no-brainer. Do you remember the bridge that collapsed in the midwest a couple of years ago? That's pretty serious. That should have been a wake-up call, but it was not heeded by our dysfunctional congress.

But hiring people, or letting contracts, requires money. If the deficit is already a problem, how can the government spend more money, and where will it come from? The answer is that you have to go where the idle money is, and that location is well known today. It is in the financial accounts of large corporations and very wealthy individuals. If we were to simply return to the taxation policies of 1960's and 70's there would be plenty of money for hiring people and letting contracts. Our financial problems today are in large part due to a steady reduction of the tax rates on high incomes that began in the 1980's and continue today.

What I'm saying is: Increase taxes on the rich and use the money to fix and build roads, bridges, railways, airports, high speed internet lines and hospitals. Also use it to train medical workers and technicians in industries with shortages of skilled labor.

When you hire unemployed people you not only remove them from the unemployment lists, but they then have money to spend, which they do. This spending increases demand for goods and services, resulting in more hiring, to produce those goods and services. It's a positive feedback process. OTOH, if you give tax breaks to wealthy people, they invest most of that money, and so the economy is not stimulated very much. (This would be different if the nation had a shortage of capital, but that is not the case.) The newly employed people also begin paying taxes again.

There are false myths being repeated endlessly by some in public life. One is that if you tax the "job creators" you will hurt the economy. Well, the evidence is clear: those job creators have been sitting on huge piles of cash for several years now, and they are not creating jobs. 30 years ago, when they WERE creating lots of jobs, they were paying MUCH HIGHER taxes than they are today.

It's when the economy is strong, and growing, that governments can, and should, reduce spending.

Mitchell Timin
You really could have shortened this quite a bit. It can pretty much be summarzied in one statement. "I think government STILL doesn't have enough money."
__________________
It's time for another Ronny in the White House.
Reply With Quote
  #32 (permalink)  
Old 10-11-2011, 02:43 PM
expat_panama's Avatar
Registered User
Member #29282
 
Join Date: Apr 2011
Posts: 2,461
Thanks: 102
Thanked 454 Times in 349 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 417
expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness
...It's actually quite easy to figure out how much cash corporations have...
In this age we never have a problem with information being hidden, what we got is a real problem with so much info that we can spit out any answer we want. That's good for party hacks that are out to 'prove' their ideology, and it's bad for guys like us that actually want to know what's going on.

I got an American Association of Individual Investors database on over 10k publicly listed corps with a dozen different fields on 'free cash'. They all vary depending on the definition and accounting method. That's why I stepped back and went for Flow of Funds and GDP numbers for total aggregates and why I steer away from some clown's proprietary hidden-agenda research.

Sure, we can imagine US business' got $2T in stacks of tens'n'twenties in some huge box in the Caymans. Or not. What we know for sure is US corps are out $1.1T from market cap. losses, and they now owe an additional 0.6T to banks. We also know that this year alone they're paying an all time high $8.3T to employees and an all time high record $1.5T in taxes.
Reply With Quote
  #33 (permalink)  
Old 10-11-2011, 02:56 PM
expat_panama's Avatar
Registered User
Member #29282
 
Join Date: Apr 2011
Posts: 2,461
Thanks: 102
Thanked 454 Times in 349 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 417
expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness
Quote: Originally Posted by expat_panama Guests cannot see images in the messages. Please register to forum by clicking here to see images.
...most large corporations have large quantities of idle cash, or cash-equivalent. They have the funds to hire with if they wanted to, or if it made sense to do so. But there is a lack of demand...
If that were true then you would have found it out by having seen both the amount of corporate cash and the evidence of the demand, and you'd be able to present the actual dollar amounts with links to BEA, BLS, and Federal Reserve numbers. My guess is you haven't because you can't and that you got those beliefs from leftist political rants bearing no connection to reality....
Guests cannot see images in the messages. Please register to forum by clicking here to see images.
Huh.

So all corporations have is $0.5T in cash even while this year they have to pay a record all time high $8.3T to employees plus a record all time high $1.5T in taxes.

Thanks Sundail, it puts paid to Zenguy's crock about corps having lots of cash for more hiring if we raised taxes.
Reply With Quote
The Following User Says Thank You to expat_panama For This Useful Post:
Trajan (10-18-2011)
  #34 (permalink)  
Old 10-11-2011, 05:14 PM
likeabird03's Avatar
Registered User
Member #33133
 
Join Date: Oct 2011
Location: Sacramento
Posts: 413
Thanks: 74
Thanked 90 Times in 57 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 28
likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks
Quote: Originally Posted by expat_panama Guests cannot see images in the messages. Please register to forum by clicking here to see images.
Quote: Originally Posted by likeabird03 Guests cannot see images in the messages. Please register to forum by clicking here to see images.
...free trade agreements are responsible. It doesn't matter if Americans work three times harder than the average Chinese worker, if the average Chinese worker makes one tenth that of the American worker...
You also got the quotes wrong with my words from Zenguy and Sundial's words from me.

Half the Chinese labor force scratches for food from the ground and the other half is no way anywhere near as productive as American workers. The only reason "the average Chinese worker makes one tenth that of the American worker" is because that's what they're worth.
They make one tenth because they're newly industrialized, have a huge population, much of them in poverty as you point out and are willing to work for much less because of those reasons. Like I said, they are not as productive as the American worker, but when you take into account they make so much less it still make business sense to move production unfortunately.

The liberal elite didn't care too much when it was manufacturing and call center jobs [in the case of India and the Philippines] getting outsourced because they were under the illusion that we were evolving into some sort of a creative class service economy. But just wait, if things continue the way they are you will see more service jobs outsourced at a higher rate. Teachers (online classes), analysis, finance, and perhaps more unfathomable - the medical field. X-Ray technicians, you name it, they are also being outsourced. Basically anything that is done at a computer, no reason to pay someone here five times as much. It's a sad story, however for the medical or educational professional who drives around in a Japanese made Lexus I almost welcome it.
Reply With Quote
  #35 (permalink)  
Old 10-11-2011, 07:09 PM
expat_panama's Avatar
Registered User
Member #29282
 
Join Date: Apr 2011
Posts: 2,461
Thanks: 102
Thanked 454 Times in 349 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 417
expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness
Quote: Originally Posted by likeabird03 Guests cannot see images in the messages. Please register to forum by clicking here to see images.
...they are not as productive as the American worker, but when you take into account they make so much less it still make business sense to move production...
--only for the menial low paying work. For high-paying brain work Americans are hired. Let's accept reality as it is:
Americans are high paid; household incomes for the past three years is the highest level ever.

American jobs aren't shipped overseas because a Chinese working doesn't mean an American becomes helpless. The average number of Americans working for the past six years is the highest on record.

American factories have not shut down; the value of goods produced in the past six years is the highest ever.
Reply With Quote
  #36 (permalink)  
Old 10-11-2011, 07:47 PM
likeabird03's Avatar
Registered User
Member #33133
 
Join Date: Oct 2011
Location: Sacramento
Posts: 413
Thanks: 74
Thanked 90 Times in 57 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 28
likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks
What is this, the year 2000?

Job growth, economic growth, income growth, and growth in factory output has been either slow or non existent for the last decade. None of the above measurements have even re-touched their 2007 peak. Except for maybe GDP Growth but much of that recovery has been due to government spending. Don't play me for a fool please.
Reply With Quote
  #37 (permalink)  
Old 10-11-2011, 08:25 PM
Money's Avatar
Registered User
Member #33022
 
Join Date: Oct 2011
Posts: 91
Thanks: 13
Thanked 22 Times in 20 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 11
Money spends too much time on USMB Money spends too much time on USMB Money spends too much time on USMB Money spends too much time on USMB Money spends too much time on USMB Money spends too much time on USMB
Quote: Originally Posted by expat_panama Guests cannot see images in the messages. Please register to forum by clicking here to see images.
Quote: Originally Posted by likeabird03 Guests cannot see images in the messages. Please register to forum by clicking here to see images.
...they are not as productive as the American worker, but when you take into account they make so much less it still make business sense to move production...
--only for the menial low paying work. For high-paying brain work Americans are hired. Let's accept reality as it is:
Americans are high paid; household incomes for the past three years is the highest level ever.

American jobs aren't shipped overseas because a Chinese working doesn't mean an American becomes helpless. The average number of Americans working for the past six years is the highest on record.

American factories have not shut down; the value of goods produced in the past six years is the highest ever.
Captain, none of that outpaces inflation or population growth. ALL of these statistics improve decade on decade.
Reply With Quote
  #38 (permalink)  
Old 10-12-2011, 01:56 AM
GogUndMagog's Avatar
Registered User
Member #33139
 
Join Date: Oct 2011
Posts: 25
Thanks: 0
Thanked 1 Time in 1 Post
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 3
GogUndMagog picked a bandwagon to follow GogUndMagog picked a bandwagon to follow GogUndMagog picked a bandwagon to follow GogUndMagog picked a bandwagon to follow GogUndMagog picked a bandwagon to follow GogUndMagog picked a bandwagon to follow
Israel receipient of $3 bln in aid buys $18 bln of worthless US bonds monthly

If you take a step back and look at the past 40 years, one can make the case that the American policy of providing assistance to Israel has had the effect, if not the express intent, of weakening Israel's political resolve,
(Golda Meir refused to launch a preemptive strike for fear of angering Washington.)
making Israel more easily bend to the American will



Reply With Quote
  #39 (permalink)  
Old 10-12-2011, 05:34 AM
Mr. Forgot-it-All
Member #11278
 
Join Date: Jun 2008
Location: Maine
Posts: 41,428
Thanks: 15,424
Thanked 9,561 Times in 6,767 Posts
Mentioned: 60 Post(s)
Tagged: 0 Thread(s)
Rep Power: 3439
editec has a reputation beyond repute
editec has a reputation beyond repute editec has a reputation beyond repute editec has a reputation beyond repute editec has a reputation beyond repute editec has a reputation beyond repute editec has a reputation beyond repute editec has a reputation beyond repute editec has a reputation beyond repute editec has a reputation beyond repute editec has a reputation beyond repute
Quote: Originally Posted by Truthmatters Guests cannot see images in the messages. Please register to forum by clicking here to see images.
Not if those taxes are then used to do things like rebuild bridges, schools and roads.

That money woiuld then end up in the economy generating yet more revenue and savings.

As it is now that money is setting and doing nothing
Yeah if we could get those proposal thought congress.

But as we can all see based on how Obama's original Stimulus was reduced, that is not likely.

In the unlike event that we start taxing the superwealthy again, much of that dough would go into reducing the national debt.

That is exactly what we don't need.

No if we really want to do this right we need to print money.

THAT IS a tax on wealth but one that does not take their cash away from them.

And if by doing that, and creating WPA type jobs (although building weapons is the better use of Keynesian money) THEN that CORPORATE money will come out of hiding in order to respond to a gowing DEMAND that's coming from a working AMERICA.

Oh yeah, one more benefit of creating FIAT dollars?

By driving down the value of the USD in comparison to other species, we actually make US products easier to EXPORT.

Thus that ALSO stimulates the economy somewhat.

Last edited by editec; 10-12-2011 at 05:36 AM.
Reply With Quote
  #40 (permalink)  
Old 10-12-2011, 06:57 AM
KissMy's Avatar
Free Breast Exam
Member #21241
 
Join Date: Oct 2009
Location: In your head
Posts: 9,699
Thanks: 1,671
Thanked 2,614 Times in 1,845 Posts
Mentioned: 9 Post(s)
Tagged: 2 Thread(s)
Rep Power: 4620
KissMy has a reputation beyond repute KissMy has a reputation beyond repute KissMy has a reputation beyond repute
KissMy has a reputation beyond repute KissMy has a reputation beyond repute KissMy has a reputation beyond repute KissMy has a reputation beyond repute KissMy has a reputation beyond repute KissMy has a reputation beyond repute KissMy has a reputation beyond repute
We were creating lots of jobs that were out-pacing the population workforce growth rate until the DEMOCRATS were elected in 2006 & took control January 2007. The jobs creation machine went off the rails 3 months after these assholes took power. A year & 3 months later the jobs train went off the cliff. Their socialistic wet dream that has turned into a nightmare for the now unemployed.

Guests cannot see images in the messages. Please register to forum by clicking here to see images.

Last edited by KissMy; 10-12-2011 at 07:01 AM.
Reply With Quote
  #41 (permalink)  
Old 10-12-2011, 07:42 AM
expat_panama's Avatar
Registered User
Member #29282
 
Join Date: Apr 2011
Posts: 2,461
Thanks: 102
Thanked 454 Times in 349 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 417
expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness
Quote: Originally Posted by likeabird03 Guests cannot see images in the messages. Please register to forum by clicking here to see images.
...None of the above measurements have even re-touched their 2007 peak. Except for maybe...
We got two different ways of going at it. You decide without checking and announce your findings with a "maybe". I check first to find out, and I say what what's there.

We're not going to find any common ground here.
Reply With Quote
  #42 (permalink)  
Old 10-17-2011, 11:13 PM
likeabird03's Avatar
Registered User
Member #33133
 
Join Date: Oct 2011
Location: Sacramento
Posts: 413
Thanks: 74
Thanked 90 Times in 57 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 28
likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks likeabird03 kicks locomotives off the tracks
Quote: Originally Posted by expat_panama Guests cannot see images in the messages. Please register to forum by clicking here to see images.
Quote: Originally Posted by likeabird03 Guests cannot see images in the messages. Please register to forum by clicking here to see images.
...None of the above measurements have even re-touched their 2007 peak. Except for maybe...
We got two different ways of going at it. You decide without checking and announce your findings with a "maybe". I check first to find out, and I say what what's there.

We're not going to find any common ground here.
Actually what I'm referring to are the facts, not maybes.

Between January 2008 and Feb 2010 a total of 8,750,000 jobs were lost. Since then we have only added 2,088,000 jobs. So we are still substantially down from the peak.

Bureau of Labor Statistics Data

Industrial production which declined approx 14% from Oct 2007 through June 2009, since then it's only recovered about 9% from it's trough.

U.S. Industrial Production Flat In October | Tainted Alpha


GDP Which declined 5.1% during the recession has grown only 4.8% from those depressed levels as of the second quarter. We've essentially had zero growth in nearly half a decade.
The reason I said MAYBE for the above indicator is because we will have to see what the 3rd quarter numbers show before we know whether we reached the 2007 peak.

Quarterly Growth in real GDP at annual rates, Percent


Median household income, after reaching a peak of 52,500.00 per year in 2000 had dropped to below 49,500 by 2010.

Census: 2010 Saw Poverty Rate Increase, Income Drop : NPR

Anything else?

Last edited by likeabird03; 10-17-2011 at 11:22 PM. Reason: sic
Reply With Quote
  #43 (permalink)  
Old 10-17-2011, 11:21 PM
Zander's Avatar
Capitalist Pig
Member #20854
 
Join Date: Sep 2009
Location: Los Angeles CA
Posts: 10,816
Thanks: 3,104
Thanked 6,888 Times in 3,803 Posts
Mentioned: 62 Post(s)
Tagged: 0 Thread(s)
Rep Power: 17124
Zander gives orders to the Illuminati Zander gives orders to the Illuminati
Zander gives orders to the Illuminati Zander gives orders to the Illuminati Zander gives orders to the Illuminati Zander gives orders to the Illuminati Zander gives orders to the Illuminati Zander gives orders to the Illuminati Zander gives orders to the Illuminati Zander gives orders to the Illuminati Zander gives orders to the Illuminati Zander gives orders to the Illuminati Zander gives orders to the Illuminati
The OP is so riddled with lies, myths, and misconceptions.....is it possible that it's satire?

Or Is the Krugman/Keynesian kool-aid just so delicious that real world failure (like we just experienced with the failed Stimulus) doesn't matter? Their attitude is - "well, it works in theory- to hell with the real world! We'll just say it wasn't "big" enough.......! "
__________________
The United States has become a place where entertainers and professional athletes are mistaken for people of importance.

The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.
Reply With Quote
  #44 (permalink)  
Old 10-18-2011, 06:51 AM
Toro's Avatar
Member of the Illuminati
Member #2926
 
Join Date: Sep 2005
Location: The Big Bend via Riderville
Posts: 32,838
Thanks: 1,646
Thanked 11,308 Times in 7,227 Posts
Mentioned: 160 Post(s)
Tagged: 1 Thread(s)
Rep Power: 2826
Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute
Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute Toro has a reputation beyond repute
Quote: Originally Posted by expat_panama Guests cannot see images in the messages. Please register to forum by clicking here to see images.
...It's actually quite easy to figure out how much cash corporations have...
In this age we never have a problem with information being hidden, what we got is a real problem with so much info that we can spit out any answer we want. That's good for party hacks that are out to 'prove' their ideology, and it's bad for guys like us that actually want to know what's going on.

I got an American Association of Individual Investors database on over 10k publicly listed corps with a dozen different fields on 'free cash'. They all vary depending on the definition and accounting method. That's why I stepped back and went for Flow of Funds and GDP numbers for total aggregates and why I steer away from some clown's proprietary hidden-agenda research.

Sure, we can imagine US business' got $2T in stacks of tens'n'twenties in some huge box in the Caymans. Or not. What we know for sure is US corps are out $1.1T from market cap. losses, and they now owe an additional 0.6T to banks. We also know that this year alone they're paying an all time high $8.3T to employees and an all time high record $1.5T in taxes.
I read a piece by Bianco Research last week, with a fancy graph and all, stating that as of June 30, US corporations had $2.05 trillion of cash on their collective balance sheets.
__________________


“When you’re standing still, you’re really easy to cover.” - New Washington Capitals coach, Barry Trotz, to Alex Ovechkin.
Reply With Quote
  #45 (permalink)  
Old 10-18-2011, 09:26 AM
expat_panama's Avatar
Registered User
Member #29282
 
Join Date: Apr 2011
Posts: 2,461
Thanks: 102
Thanked 454 Times in 349 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Rep Power: 417
expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness expat_panama may be on a path to greatness
Quote: Originally Posted by expat_panama Guests cannot see images in the messages. Please register to forum by clicking here to see images.
Americans are high paid; household incomes for the past three years is the highest level ever.

American jobs aren't shipped overseas because a Chinese working doesn't mean an American becomes helpless. The average number of Americans working for the past six years is the highest on record.

American factories have not shut down; the value of goods produced in the past six years is the highest ever.
...none of that outpaces inflation or population growth. ALL of these statistics improve decade on decade.
Seems most people only want to hear about bad things for America because that kind of news sells even when it's made up and doesn't even make sense.

Like saying record high household income is no good because population's growing anyway. What, the population of a household? Nobody cares that population growth has no affect on higher average individual household income. Bear in mind we're talking about the average household income after inflation that's high. fwiw, the numbers and links are available to all--
Guests cannot see images in the messages. Please register to forum by clicking here to see images.
--but the info's the easy part and getting anyone to part with doom'n'gloom is harder. Same goes for factory output, employment, --there're so many good things happening with what real life Americans are actually doing, but the U.S. haters want none of it.
Reply With Quote
Reply


Lower Navigation
Go Back   US Message Board - Political Discussion Forum > US Discussion > Economy
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -6. The time now is 12:30 AM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.