Are Obama and his Team Repeating Mistakes of the 1930s?

I know, I was just ranting about taxes. But to answer your question, yes, the cost of the finished product does include the various steps. Taxes are a part of that cost along various steps, in the case of international items those taxes go to different governments, but the bastards always get a cut. In the end its still cheaper to do it that way than to build stuff from scratch here.

 

Relvative tax revenues are at a 60 year low.

The Govt's cut is a lot less what it used to be. And our deficits are a lot bigger.

 

Relative is not my interest, what is would be the actual amount I see the government taking. There is nothing relative about that.

OUR government's cut is a lot less, but the Chinese are making out like bandits. Had our government not been so blasted greedy in the first place how many of those jobs and products could have stayed here?

 

Good for you. It does not rebut my point that people are paying less of their incomes on average.

What can I say? Folks voted in panderers who cut taxes and ran up trillions in debt.

 

On average to what? A different time, a different global dynamic? In general a completely different world? When will you liberals start looking at what changed and start fitting into the times we actually live in. (Some of that is general rant, not directed at you personally I think you can figure it out.)

No, the government of the past got greedy and businesses decided they still wanted to make money and moved their operations overseas.

 

Typical Keynesian Monday morning quarterbacking...

...it would have worked IF WE JUST HAD MORE MONEY.

Always, Keynesians want more money.


Between QE1 and the Stimulus; at least $2.4 trillion was pumped directly and indirectly into the economy...

...and still that is not enough.



Alright then...how much do you want now?

$2 trillion?
$3 trillion?
$5 trillion?

Give us a number please?

 

Great response, DA60!

 

but the workers are somewhere else, so there is no spinoffs in jobs that would of been created if the product was made here!

 

So what. Its just 1.8% of the amount spent domestically.

 

think of it this way. When you have a one horse town has its main employer shut down that plant what happens? The whole town usually dies right? So by your analogy the town could still survive if only people keep spending by one guy flipping burgers while the next guy cuts you hair and a third guy fixes your car, however, it dont work that way as there is no source of income anymore. Some things need to be imported to that town whether it be fruits and vegetables or electronics or autoparts for the mechanic to fix your car.....and so there is leakage ( a term used by the banking industry to describe money outflows) and with no money coming in the money slowly dries up and so the town dies!

 

I don't see the analogy to the economy overall. We're not talking about cutting off all income, but 1.8% of what is spent.

 

that 275 billion...was that just money from china? Does that include oil imports also? You have to look at total net imports minus total net exports......and I believe the US has a negative trade balance of close to 1 trillion per anum!...thats closer to 9%

 

No, because the post I responded to only referred to China.

 

OK fine then but if you look at the whole trade imbalance then you will see a totally different picture!

 

So we're talking what, about 1/2 a trillion? Still a small part relative to domestic production and spending.

 

It is still a lot of money to us U.S. taxpayers!

 

I believe the trade imbalance is larger than half a trillion...oil imports alone has to be close to 300 billion per anum!

 

For the record,

last year the trade deficit was $634 billion dollars.

This year it is on pace for well over $700 billion dollars.

http://www.census.gov/foreign-trade/balance/c0004.html

 

that actually makes sence as oil prices are about 25 dollars per barrel more I think than last year!

 

No one claimed otherwise. But it's not like we're giving it away. We get cheaper products in exchange.

 

The liberal agenda is vastly more important than your tax dollars in their eyes, and they will spend as much as they can to prove it.

 

Versus the conservative agenda to borrow as much as they can.

 

along with plenty of unhappy unemployed workers!

 

yup, all the way to the poor house

 

borrowings are much higher under Obama!