US Economy Permanently Damaged

[EdwardBaiamonte]

permanently lowered the growth of the world economy.

of course thats 100% idiotic. Red China had permanently lowered growth while communist but as it has switched to more and more capitalism it has grown more and more. The USA can follow the same path toward more and more capitalism and more and more growth.

Simple enough?

 

[initforme]

China is a horrific ecomic model. Those people go to their factories like little sheep for a pittance wage. Not to mention the air is toxic. A far cry from a strong economic model.

 

[rdean]

All of you who just can't help but turning to charts to explain everything are going to live this piece! Here's the 1st one:

I am certainly no expert on stuff like this but this piece seems to make a whole lot of sense to me. And, IMHO, this is going to make a bigger impact on the mid-terms than any of the constant hype we see in the media.


See all and READ the explanations @ Prison Planet.com 12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy

From 2001 to 2008, millions of jobs were moved to China and over 40,000 factories were closed. That's a lot of damage to recover from. When the factories leave, the jobs don't come back. You can only create more jobs with either very cheap labor with no benefits or an educated work force. The two parties have gone in opposite directions on this issue. One party wants to compete with education and the other party wants to compete by abolishing the minimum wage and ending benefits.

 

[rdean]

Apparently conservatives don't grasp the idea that government is an industry. Like any other industry, labor is productive and adds to the nation's asset base.

Figure it out sometime.

dear, you are a liberal so please don't assert anything as if you have something to add.

Govt is a violent monopoly so has very little incentive to be efficient compared to corporate America which functions in a highly competitive worldwide market with no coercion.

When Republicans have this terrible attitude about government, then why do they want to elect people into office who do the very things they say they hate?

Our government is elected by us. The people elected answer to us. They are accountable to us.

 

[EdwardBaiamonte]

China is a horrific ecomic model. .

100% stupid and so 100% liberal. 60 million slowly starved to death under liberalism; now under Republican capitalism 60 million buy cars!!

Simple enough?

 

[EdwardBaiamonte]

When Republicans have this terrible attitude about government, then why do they want to elect people into office who do the very things they say they hate?

dear, they want to elect Republicans like Jefferson and Reagan who want office to limit the size of govt and defend America. Can you grasp the concept?

 

[EdwardBaiamonte]

One party wants to compete with education and the other party wants to compete by abolishing the minimum wage and ending benefits.

idiotic and liberal of course. Republicans want to compete with capitalism and Democrats with socialism.

 

[longknife]

Life must be such a mystery for you.

You are talking about the ARPANet you are correct

1. The precursor to the Internet was jumpstarted in the early days of computing history, in 1969 with the U.S. Defense Department's Advanced Research Projects Agency Network (ARPANET). ARPA-funded researchers developed many of the protocols used for Internet communication today.

However, it wasn't until 1973 when CIVILIAN ingenuity discovered how to make it into a world-wide operation where any and everyone could participate. Civilians had to take a system that was not user friendly into one that just about anyone can use.

So, what's the big deal about coming up with a system that just a small number of people can use - with great inconvenience?

 

[pinqy]

All of you who just can't help but turning to charts to explain everything are going to live this piece! Here's the 1st one:

I am certainly no expert on stuff like this but this piece seems to make a whole lot of sense to me. And, IMHO, this is going to make a bigger impact on the mid-terms than any of the constant hype we see in the media.


See all and READ the explanations @ Prison Planet.com 12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy

Note that 2000 was actually the peak of the emp-pop ratio and that it's been declining since then.
And, here's one reason why the ratio has been dropping.: Blue line is the civilian employment-population ratio as above, but the red line is the percent of the population that says they don't want a job now.

Note how less scary the emp-pop ratio looks on a larger scale.
Missing from the chart are the percent of the population unemployed, which has gone up by about 1 percentage point, and those not in the labor force who say they want a job now (up 1/2 a percentage point.

 

[Dad2three]

The only jobs created under Obama have been government jobs. Not good.

DUBYA
Feb 2001 PRIVATE sector jobs

111,860,000


Feb 2009 PRIVATE sector jobs

110, 699,000

That's a LOSS of 1.16+ MILLION PRIVATE sector jobs in 8 years of Dubya/GOP 'job creator' policies?


OBAMA
Feb 2009 PRIVATE sector jobs

110, 699,000

Sept 2014 PRIVATE sector jobs

117,524,000

THAT'S A GAIN OF 6,825,000+ JOBS IN LESS THAN 6 YEARS!!

Bureau of Labor Statistics Data

BRAIN DEAD CONSERVATIVES *shaking head*

 

[Dad2three]

I think the American economy should focus on a strong and dynamic growth. Creating new jobs in like focus on companies where the jobs is created. Subdized new companies and give them the oppurtunity to grow. I also think America should focus on creating more jobs with minimum wages.

America should focus on being strong and hold an economic growth. Free trade more with European Union, China and the undeveloped world. Focus also on economic growth in those countries and a peaceful development.

(Re-)Introducing: The American School of Economics


When the United States became independent from Britain it also rebelled against the British System of economics, characterized by Adam Smith, in favor of the American School based on protectionism and infrastructure and prospered under this system for almost 200 years to become the wealthiest nation in the world. Unrestrained free trade resurfaced in the early 1900s culminating in the Great Depression and again in the 1970s culminating in the current Economic Meltdown.

Closely related to mercantilism, it can be seen as contrary to classical economics. It consisted of these three core policies:

1. protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–70)
2. government investments in infrastructure creating targeted internal improvements (especially in transportation)
3. a national bank with policies that promote the growth of productive enterprises rather than speculation
   
   

Frank Bourgin's 1989 study of the Constitutional Convention shows that direct government involvement in the economy was intended by the Founders.

The goal, most forcefully articulated by Hamilton, was to ensure that dearly won political independence was not lost by being economically and financially dependent on the powers and princes of Europe. The creation of a strong central government able to promote science, invention, industry and commerce, was seen as an essential means of promoting the general welfare and making the economy of the United States strong enough for them to determine their own destiny.

American School economics - Wikipedia the free encyclopedia

American School of Economics


"The only orthodox object of the institution of government is to secure the greatest degree of happiness possible to the general mass of those associated under it."

Thomas Jefferson


The problem with the conservative movement in America is that it is based on bigotry, hatred, and, greed. Above all, greed. Money is their god. They worship money and the holders of it and despise those who don't have it.

 

[Dad2three]

Life must be such a mystery for you.

You are talking about the ARPANet you are correct

1. The precursor to the Internet was jumpstarted in the early days of computing history, in 1969 with the U.S. Defense Department's Advanced Research Projects Agency Network (ARPANET). ARPA-funded researchers developed many of the protocols used for Internet communication today.

However, it wasn't until 1973 when CIVILIAN ingenuity discovered how to make it into a world-wide operation where any and everyone could participate. Civilians had to take a system that was not user friendly into one that just about anyone can use.

So, what's the big deal about coming up with a system that just a small number of people can use - with great inconvenience?

Yes, MANY times AFTER Gov't support or starting industry, private markets benefit. Weird you can't be honest!

 

[Dad2three]

When Republicans have this terrible attitude about government, then why do they want to elect people into office who do the very things they say they hate?

dear, they want to elect Republicans like Jefferson and Reagan who want office to limit the size of govt and defend America. Can you grasp the concept?

"The only orthodox object of the institution of government is to secure the greatest degree of happiness possible to the general mass of those associated under it."

Thomas Jefferson

Reagan who tripled US debt by blowing up spending, gutting revenues and growing Gov't? lol

 

[Dad2three]

Apparently conservatives don't grasp the idea that government is an industry. Like any other industry, labor is productive and adds to the nation's asset base.

Figure it out sometime.

dear, you are a liberal so please don't assert anything as if you have something to add.

Govt is a violent monopoly so has very little incentive to be efficient compared to corporate America which functions in a highly competitive worldwide market with no coercion.

When Republicans have this terrible attitude about government, then why do they want to elect people into office who do the very things they say they hate?

Our government is elected by us. The people elected answer to us. They are accountable to us.

Grove Norquist stating "I want to make government so small, I could drown it in a bathtub."


That is the reason behind all these cuts and decreasing revenue.

Elect representatives who don't 'believe in' Gov't Or governance, then the Teatards are shocked when things like Ronnie's S&L crisis, Dubya's subprime crisis and policies from the GOP that has grown the debt by $16 trillion since Reagan...

 

[Dad2three]

In economics, as in politics, there are two different "America's."

For Progressives/Liberals, job creation is job creation. If a job is created to fill a position in a newly-founded government agency, or if a city decides to hire one more policeman, or if a company is award a government contract and has to hire someone to fulfill that contract, it is a job that was created "by Government," and proof that Progressivism "works." To the Progressive, these jobs are in every way equal to the job created when a startup high-tech company has to hire someone to, say, train new clients on the use of their product.

The Progressive doesn't recognize the concept of value to the society and economy (or the lack of same).

We Conservatives see that new government (or contractor) job as a net NEGATIVE addition to the American economy. That government worker, or policeman, or contractor employee produces NOTHING OF VALUE, and the cost of the person must be paid (i.e., taken OUT of the economy) by the taxpayers. Those dollars are not available for buying a car or going out to dinner or investing in a 401k. And the cost of that one (1) new government worker runs in the MILLIONS OF DOLLARS, when you count a lifetime of wages, benefits, retirement payments, and so on.

The startup company, however, is CREATING WEALTH. The product or service that they pay is seen by the public as something they willingly pay for (otherwise the company goes out of business).

The values of those two jobs are not equal. Government policies should be laser-guided to promote the creation of private sector (non-government contractor) jobs, NOT more teachers, cops, firement, regulators, inspectors, TSA slugs, or whatever. Progressives just don't get it.

Don't take this little screed as a criticism of ALL government workers. There are vital functions carried out by Government workers every day, and God bless 'em if they do those jobs conscientiously. But seeing more and more government workers as a "good" thing is irresponsible and short sighted.

Then why did Reagan increase the govt. roles so mush?

Reagan wasn't the only guy in DC??

So the Prez policy ISN'T number one determiner of the role of Gov't?

 

[Dad2three]

Apparently conservatives don't grasp the idea that government is an industry. Like any other industry, labor is productive and adds to the nation's asset base.

Figure it out sometime.

You have got to be kidding!

Explain just how government is "productive". Producing what? And, give us some examples of how it "adds to the asset base?"

NASA Technologies Benefit Our Lives

Health and Medicine

Light-Emitting Diodes (LEDs)
Infrared Ear Thermometers
Artificial Limbs
Ventricular Assist Device

Transportation

Anti-Icing Systems
Highway Safety
Safety grooving, the cutting of grooves in concrete to increase traction and prevent injury, was first developed to reduce aircraft accidents on wet runways

Improved Radial Tires

Chemical Detection

Public Safety

Video Enhancing and Analysis Systems
Land Mine Removal
Fire-Resistant Reinforcement
Firefighter Gear


Consumer, Home, and Recreation

Temper Foam
Enriched Baby Food
Portable Cordless Vacuums
Freeze Drying Technology


Environmental and Agricultural Resources

Harnessing Solar Energy
Pollution Remediation
Water Purification

Computer Technology

Better Software
Structural Analysis
Refrigerated Internet-Connected Wall Ovens

Industrial Productivity

Powdered Lubricants
Improved Mine Safety
Food Safety Systems

NASA Technologies Benefit Our Lives


The Advanced Turboprop Project: Radical Innovation in a Conservative Environment


NASA Lewis Research Center's Advanced Turboprop Project (1976-1987) was the source of this optimism. The energy crisis of the early 1970s served as the catalyst for renewed government interest in aeronautics and NASA launched this ambitious project to return to fuel saving, propeller-driven aircraft.

The Advanced Turboprop Project


NASA Technology Provides Economic Benefit Across the U.S.


Every year, new NASA inventions and discoveries make their way into the fabric of our society. NASA has documented over 1,750 spinoff stories (and counting), and each one demonstrates the ways technologies originally developed for NASA missions have come back down to Earth to improve our daily lives.

Some of the highlighted spinoff technologies include:

• Inflatable satellite antennas that provide critical support to first responders after disasters in places like Afghanistan and Haiti
• Screening devices for the detection of vision problems in children
• Medical devices that increase the effectiveness of chemotherapy treatments
• Electrolyte formulas developed to combat dehydration
• Whole aircraft parachute recovery systems that have saved hundreds of small aircraft—and their pilots and passengers

NASA - NASA Technology Provides Economic Benefit Across the U.S.


The military funding of science has had a powerful transformative effect on the practice and products of scientific research since the early 20th century. Particularly since World War I, advanced science-based technologies have been viewed as essential elements of a successful military.

The Department of Defense primarily funded what has been broadly described as “physical research,” but to reduce this to merely chemistry and physics is misleading. Military patronage benefited a large number of fields, and in fact helped create a number of the modern scientific disciplines. At Stanford and MIT, for example, electronics, aerospace engineering, nuclear physics, and materials science—all physics, broadly speaking—each developed in different directions, becoming increasingly independent of parent disciplines as they grew and pursued defense-related research agendas. What began as interdepartmental laboratories became the centers for graduate teaching and research innovation thanks to the broad scope of defense funding. The need to keep up with corporate technology research (which was receiving the lion’s share of defense contracts) also prompted many science labs to establish close relationships with industry

History of military technology - Wikipedia the free encyclopedia

 

[Dad2three]

Did you know that the government was responsible for the initial development of the Internet?

totally stupid and totally 100% liberal. The USSR tried letting govt bureaucrats pick new products and did not produce one single consumer product innovation. Same for Red China. What does that teach you about deadly liberalism you libcommie freak?

Gawwwd you are a moron

 

[midcan5]

America since Reagan has implemented tax and spend policies that are a failure. While Reagan raised taxes many times the idea that lower taxes lead to nirvana persists. Add to that the outsourcing of America by its corporations and you have today.

"There is no historical evidence that tax cuts spur economic growth. The highest period of growth in U.S. history (1933-1973) also saw its highest tax rates on the rich: 70 to 91 percent. During this period, the general tax rate climbed as well, but it reached a plateau in 1969, and growth slowed down five years later. Almost all rich nations have higher general taxes than the U.S., and they are growing faster as well." Tax cuts spur economic growth

The Idolatry of Ideology-Why Tax Cuts Hurt the Economy by Russ Beaton

"Reagan continued these "modest rollbacks" in his second term. The historic Tax Reform Act of 1986, though it achieved the supply side goal of lowering individual income tax rates, was a startlingly progressive reform. The plan imposed the largest corporate tax increase in history–an act utterly unimaginable for any conservative to support today. Just two years after declaring, "there is no justification" for taxing corporate income, Reagan raised corporate taxes by $120 billion over five years and closed corporate tax loopholes worth about $300 billion over that same period." Newsflash Ronald Reagan Raised Taxes You Idiots Firedoglake




"Historian Phillips-Fein traces the hidden history of the Reagan revolution to a coterie of business executives, including General Electric official and Reagan mentor Lemuel Boulware, who saw labor unions, government regulation, high taxes and welfare spending as dire threats to their profits and power. From the 1930s onward, the author argues, they provided the money, organization and fervor for a decades-long war against New Deal liberalism—funding campaigns, think tanks, magazines and lobbying groups, and indoctrinating employees in the virtues of unfettered capitalism."

Invisible Hands The Making of the Conservative Movement from the New Deal to Reagan Kim Phillips-Fein 9780393059304 Amazon.com Books

 

[EdwardBaiamonte]

Did you know that the government was responsible for the initial development of the Internet?

totally stupid and totally 100% liberal. The USSR tried letting govt bureaucrats pick new products and did not produce one single consumer product innovation. Same for Red China. What does that teach you about deadly liberalism you libcommie freak?

Gawwwd you are a moron

illiterate liberal without IQ for substance reduce to violent personal attack. THe 3 kids would be proud!!

PS if liberalism always make you look stupid why be a liberal.

 

[EdwardBaiamonte]

In economics, as in politics, there are two different "America's."

For Progressives/Liberals, job creation is job creation. If a job is created to fill a position in a newly-founded government agency, or if a city decides to hire one more policeman, or if a company is award a government contract and has to hire someone to fulfill that contract, it is a job that was created "by Government," and proof that Progressivism "works." To the Progressive, these jobs are in every way equal to the job created when a startup high-tech company has to hire someone to, say, train new clients on the use of their product.

The Progressive doesn't recognize the concept of value to the society and economy (or the lack of same).

We Conservatives see that new government (or contractor) job as a net NEGATIVE addition to the American economy. That government worker, or policeman, or contractor employee produces NOTHING OF VALUE, and the cost of the person must be paid (i.e., taken OUT of the economy) by the taxpayers. Those dollars are not available for buying a car or going out to dinner or investing in a 401k. And the cost of that one (1) new government worker runs in the MILLIONS OF DOLLARS, when you count a lifetime of wages, benefits, retirement payments, and so on.

The startup company, however, is CREATING WEALTH. The product or service that they pay is seen by the public as something they willingly pay for (otherwise the company goes out of business).

The values of those two jobs are not equal. Government policies should be laser-guided to promote the creation of private sector (non-government contractor) jobs, NOT more teachers, cops, firement, regulators, inspectors, TSA slugs, or whatever. Progressives just don't get it.

Don't take this little screed as a criticism of ALL government workers. There are vital functions carried out by Government workers every day, and God bless 'em if they do those jobs conscientiously. But seeing more and more government workers as a "good" thing is irresponsible and short sighted.

Then why did Reagan increase the govt. roles so mush?

Reagan wasn't the only guy in DC??

So the Prez policy ISN'T number one determiner of the role of Gov't?

Dear, there are 3 branches of govt plus the people and press. Reagan and Obama were extreme right and left and neither did much to satisfy the extreme right and left. Do you understand now? See why we say slow? Its always exacly like talking to a child.