The US economy solution

[Derek Wolff]

I don't believe I need to inform you of the current state of the US economy. What possible solutions could there be? I don't want to hear any political mud-slinging or baseless opinions in this debate. I would like to hear informed responses, as this is an important issue that should be treated with logic. Frankly, I have not heard any public discussion on this issue, and I believe it should be said some where.



I do not have an opinion on this issue, I do not have the knowledge.



I hope this is a good change compared to the other whimsical none-sense we get a lot here.

[Milton Bradley]

Ron Paul has the answers, it's not his fault most people don't want to know.


Here are just a few of his comments availabke on YouTube.

YouTube - Ron Paul on the Economic Collapse!

YouTube - Ron Paul - The Truth about the Economy

YouTube - Ron Paul Warns Of Economic Worldwide Collapse

[Derek Wolff]

Please cite a source other than youtube. I have a dial-up connection, its nearly impossible to load videos.

[blue saki]

Also a dial-up victim here!

[Dagda]

An unpopular option may be to cut back on spending in several government departments and raise import taxes to give American companies more of a chance against the outsourcers.

[Domino]

First, we should strengthen the base of the economy, by putting better tools and information into the hands of the average citizen. We should invest heavily in 3d printers, which, once developed, could make each home a manufacturing center, able to produce for itself all those tangible goods for which we once went to Wal-Mart. The manufacturing sector, from which we've lost so many jobs and so much infrastructure, will be rendered just as obsolete as blacksmiths. The only thing we'll need large factories for is large goods, like cars, and that won't even be absolutely necessary, since 3d printers can print out more of themselves, in a bigger model to be assembled by the user, if necessary.

Along with this, we should ensure the freedom of information, so as to maximize the effectiveness of the internet. Both patents and publishing should be reworked, with compensation received in full before the product is made public. The designers and artists will entrust their finished product to a bank, and advertise the account number and the dollar amount necessary to release the product. Anyone who is interested can deposit any amount of money into the account. When the account reaches the designated level, the funds are turned over to the artist/designer, and the information, be it book, music, or design for a product, will be released to the internet, never to be controlled again. In this way, everyone will have all the information there is, but designers can still be paid for their work, and, once again, entire industries are rendered obsolete.

Once this is done, we can well and truly enter the age of automation, which should be concurrent with a general socialization: provide a living wage, health care, housing, education, and transportation to every citizen (since they're almost all out of a job, at this point).

America should then focus on exotic materials. We already lead the world in designing nanostructured composites, as well as finding new applications for old stuff, like turning silicon or carbon into Aerogel, or rolls of woven carbon fiber. All the empty factories abandoned by the obsolete manufacturing sector should be replaced with materials plants. This is our new industry.

So, America should have three major exports: food, materials, and designs. We'll hardly need to import anything, since every house can produce their own plastic flags, G.I. Joes, spark plugs, etc. Our greatest import will be educated designers, wishing to take advantage of our information market.

Of course, all this is pointless, if we can't maintain the quality of our own education.

[GHook93]

Quote by: Milton Bradley Ron Paul has the answers, it's not his fault most people don't want to know. Here are just a few of his comments availabke on YouTube. YouTube - Ron Paul on the Economic Collapse! YouTube - Ron Paul - The Truth about the Economy YouTube - Ron Paul Warns Of Economic Worldwide Collapse

Yet Porky didn't practice what he preached!

[GHook93]

Quote by: Derek Wolff I don't believe I need to inform you of the current state of the US economy. What possible solutions could there be? I don't want to hear any political mud-slinging or baseless opinions in this debate. I would like to hear informed responses, as this is an important issue that should be treated with logic. Frankly, I have not heard any public discussion on this issue, and I believe it should be said some where. I do not have an opinion on this issue, I do not have the knowledge. I hope this is a good change compared to the other whimsical none-sense we get a lot here.

If I could go back on it I think Huckabee had the best idea with the fair tax. Like it or not big business stimulas the economy, by providing jobs and revenue. Dubai has the most rapidly growing Corporate arena in the world. A good reason for it is the 0 corporate taxes! We should learn from them.

[GHook93]

Quote by: Dagda An unpopular option may be to cut back on spending in several government departments .

That shouldn't be an unpopular option. Also toss in reduce pork barrel and social program spending.

and raise import taxes to give American companies more of a chance against the outsourcers

Good old tarrifs, they might be needed against China and India!

[Thanatos]

Quote by: GHook93 If I could go back on it I think Huckabee had the best idea with the fair tax. Like it or not big business stimulas the economy, by providing jobs and revenue. Dubai has the most rapidly growing Corporate arena in the world. A good reason for it is the 0 corporate taxes! We should learn from them.

Dubai is one working model, but they are not the only working model. This is a list of every country by GDP per capita.

https://www.cia.gov/library/publicat.../2004rank.html

The top few are mostly micronations fulfilling one economic niche, like banking or jewelry or oil. Up with these few are Norway and the UAE, which seems odd because one is democratic socialist and the other is a capitalist success story.

However, I'd much rather live in Norway than the UAE. Money in the UAE is concentrated in the hands of a few and gets spent on things like this:

YouTube - Palm Island Dubai 1

(Artistically arranged artificial islands for the superwealthy. Here's a text article for those with dialup)

Palm Islands - Wikipedia, the free encyclopedia

Whereas in Norway they give you healthcare and public transit and a working educational system.

Human Development Report 2007/2008 - GDP per capita (PPP US$)

[thx1138]

What the hell is $600 to $1200 going to do!? That has to be a joke, why not stop income tax for a few years instead, now that's something that would help people out.

[grandpa]

Quote by: thx1138 What the hell is $600 to $1200 going to do!? That has to be a joke, why not stop income tax for a few years instead, now that's something that would help people out.

You might be on to something. No matter how you slice it, the government should already have more than enough money.

It's true these little checks won't do much for many people. Like, say you're going to college, plus working full time, PLUS you want to be a full time mother/father. Stop earning income for a moment and you may get hit pretty hard.

Of course, the Iraq and Afghan Wars are a reason the stimulus package isn't bigger.

Grandpa h.

[Gods_Mercenary]

Quote by: Derek Wolff Please cite a source other than youtube. I have a dial-up connection, its nearly impossible to load videos.

Your small dude who sits underneath the desk and draws the pictures with charcoal on peices of slate has a hand cramp?

[Gods_Mercenary]

Quote by: Dagda An unpopular option may be to cut back on spending in several government departments and raise import taxes to give American companies more of a chance against the outsourcers.

We are the market, even now. Making it unadvatageous for companies to outsource would seem to have some merit, but the outsourcing of manufacturing has been going on since the sixties, as other areas of the world recovered from WWII, due to our help, ironically enough, in many cases.

[GHook93]

Quote by: thx1138 What the hell is $600 to $1200 going to do!?

Actually mine is $1,900 (2 children). That is one free month of mortgage and insurance and nearly my whole monthly tax assessment.

That has to be a joke, why not stop income tax for a few years instead, now that's something that would help people out.

Problem with that, granted it would not be feasible with the current expenses and spending the Federal government, its people would get used to it and then it would cause a huge ripple when we turn the income taxes back on. That is a very short-term fix that would have a hugely dangerous long-term effect.

[GHook93]

Quote by: grandpa You might be on to something. No matter how you slice it, the government should already have more than enough money.

One month mortgage payment and escrow is something.

It's true these little checks won't do much for many people. Like, say you're going to college, plus working full time, PLUS you want to be a full time mother/father. Stop earning income for a moment and you may get hit pretty hard.

You did a complete description of me!

Of course, the Iraq and Afghan Wars are a reason the stimulus package isn't bigger.

Sad, but true!

[GHook93]

Quote by: Gods_Mercenary We are the market, even now. Making it unadvatageous for companies to outsource would seem to have some merit, but the outsourcing of manufacturing has been going on since the sixties, as other areas of the world recovered from WWII, due to our help, ironically enough, in many cases.

Yet but it was not even close to what it has become now! But most people agree that to increase (I think fix is the wrong word) US economy we have to create incentive for corporations to remain and come back to America. It will all come down to bottom line.


But we know this for sure:
America will never drop to the minute wages of China, India, Mexico, Indonesia or the 3rd world. American workers will never (nor should they) give up their benefit packages. And America will never lower regulations (although regulations such be eased up drastically) to meet those of Indian, Mexico and China!

So what is the answer, take some answers from candidates:
(1) Huckabee: Give America a true advantage. End corporate taxation! The only way to do this is by the Fair Tax. See Dubai as an example. Not only would America companies find this too good to be true, but so would many European companies. The more corporations, the more jobs and the more negotiation power for American workers. China WON'T be able to follow suit, since the majority of its customers are not in China. Its about time America capitalize on its materialistic society.

(2) Ron Paul, Duncan and Tancedo: Close the border, secure the border and end the birth right clause. Illegal workers reduce wages. These jobs would be filled by the mass amount of lower end unemployed workers. Its not that Americans won't do the jobs they just won't do them for slave labor. Yes prices will go up, but more people will be employed.

(3) Ron Paul: Lower business regulations. It only increase the corporations coming back.

(4) Duncan and Ron Paul: End one-side trade agreements such as NAFTA and CAFTA. Mirror any trade practices that other countries impose against us, in particular China

(5) Romney - Strife for alternative energy, but in the mean time tap into other domestic oil reserves!

(6) Ron Paul - End welfare and section 8. I take a twist on this end welfare and put more money in unemployment. Welfare gets people used to the situation and gives receipts little incentive to get out of it. Unemployment gives a person short-term support, while he is at his most vulnerable position. It still gives incentive to find employment, since the clock is ticking. However, increasing unemployment lets people survive when unemployed and not be too desperate in taking poor jobs they are over-qualified for.

[Domino]

(2), I think, is unnecessary. We could start prosecuting business for hiring illegal aliens, which we're supposed to be doing, anyway. If we enforced the law that's supposed to keep the problem from happening, the problem just might go away.

[thx1138]

when I lived in the U.S. had mind set of not really caring to much if I did not have a large saving or not.

Is that true for most of you on this board living in the U.S.?

After I married a Japanese my thinking changed, most Japanese think it's very important to save.

Is that the answer to US economy problem? you are told to go and spend (after 9-11 the answer from Bush was go out and spend)...

What would happen if people started saving more and spending (or using credit) less?

[Technosoul]

One area for creating more jobs here in America is in the fields of alternative energy because the demand for that is growing larger everyday with the rise in prices for our current sources, and due to the hazards of polution.

To upstart new busniesses that do not need regulating and will not need to move out of the country for that reason, with inventive and creative new methodologies to get things done.

Once we effect affordable health insurance we will have more people taking advantage of medical services and that will create more jobs for more doctors, nurses, and hospital staff workers, and related businesses and so that would help out with our local economy.

We should encourage more organic farming so that other countries want our exported produce, because many countries do not want our genetic products or those where additives are in the food stuff.

We need to downsize our military expendatures and focus on only the important areas where homeland security is acturally at stake.

Our schools are still having their budgets cut, we should have more attention given to that area because education is also one of our main "exports" even if people come to our collages here to learn.

Movies and music is important because they can hire a lot of workers and because those products are sold world wide, we need to give that industry more freedom to operate with less permits and redtape,

We need a market place economy that is based on the average income and not based mostly on credit cards and loans. If we set a rule where you must have a high income to get credit or loans then lower and middle class people would not go into debt over their heads and loose everything, that would force sales people to market things at rates that fit a family budget or else prepare to sell only a few things to the weathy 20 percent. If a company wants to move outside of America to hire cheap labor elsewhere they should be forced to pay their fomer employees a decent wage for at least six months so they can find another simular paying job elsewhere. If they do not do that then all their imports to the USA should be banned from entering our boarders. Time to get tuff on outsources.

Now farmers cannot depend on citizens to pick stawberries at a reasonable price and so I am not totally agenst migrant workers, but they should not be hired by construction companies or other nomally good paying jobs that citizens would happy to do. Laws should protect our citizen work force and not just to make things easy for the owners of a business.

The heart pumps blood to all areas of the body but it the blood does not recycle back to the heart then it stops, our economy is having a bit of a heart attack because money spent by citizens is not recycled back into the enconomy for the citizens. The rich keep the money in a bank account without using it to create more jobs and so forth. Thus, the heart of America, the average worker, get's stopped dead in their tracks. The money must flow around and around for our system to work properly. Big busnesses must come to undertand that if we want a healthy economy for every part of the citizenship, if they cannot see that logic then tax them more and use the tax money to boost the economy with governmentally funded jobs.