Tell me...What would YOU do about this economic mess?

Far5m subsudies alone must be costing us hundreds of millions each year..

 

Bravo; more evidence of intelligent life in the USA!

 

The funny thing about you is...you're almost 180 degrees wrong on every thing that comes out of your mouth.

The S&P today just confirmed what I'm saying.

We are being downgraded because radical Republicans will not raise taxes and are using the debt ceiling as a hostage to further their agenda.

http://blogs.abcnews.com/politicalpunch/2011/08/govt-official-us-expecting-sp-downgrade.html

"Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited".

The S&P is saying nothing whatsoever about the debt limit having to be raised multiple time nor is it mentioning the level of debt.

The downgrade is because the GOP is using the debt ceiling issue to leverage their radical no tax agenda.

 

Really? But they didn't

 

I would raise everyone's taxes starting with the rich.

I would audit the Fed and consider coming out with a new US dollar (and making the existing one obsolete).

 

Actually, this is nothing but communism. Having the federal government act as the provider of last resort encourages a communist state.

 

The question is, ELOrocks17, "Why can't Obama and Tim Geithner create jobs like other presidents and treasury secretaries have done in the past?

It has become very apparent that most of the liberals in this group are very misinformed and downright wrong when it comes to increasing U.S. corporate taxes and at the same time bringing back to our nation millions of good jobs that have been outsourced to China.

As a matter of fact, they are so misguided, even President Bill Clinton does not agree with them! I should also note he and others in his administration are now very critical of the failed economic policies of Barack Obama!

Please check this out.

"Fourteen million Americans remain out of work, a waste of our greatest resource. The 42nd president has more than a dozen ideas on how to attack the jobs crisis."

 

I agree maat, but if we are going to dole out money to prop up losers, might as well make them work for it right? After all, the odds that any politician will be able to abolish welfare are slim to none as the media would have a field day claiming that they were right all along; conservatives don't care.

 

Do you actually think you are going to take unemployed admin assistants and single moms with kids to a CCC camp to perform that sort of manual labor? Don't get me wrong, I would love to see the attempt, but a revived CCC would be liable to doom any chances for the President's reelection if he takes his own loyal constituents and makes them de facto indentured servants to the State.

This seems to be a popular talking head idea but the implementation of it is virtually impossible.

 

How would making a new US dollar help anything?

Unless you are planning on inflating away the debt with the "old" dollars.

 

I just do not accept pouring gas on a fire as a way to put it out. The whole point of freedom is to not have the government care about my personal business.

 

I can see what you're saying. Men, typically, don't qualify for welfare. The CCC was during a time when EVERYONE needed assistance, mainly men. Lots of work got done around the country, I'm sure the most infrastructure at any given time, as bridges to federal courthouses, to highways, to graded mountains, to dams are still in use to this day. I know a lot of modern conservatives don't like Roosevelt for social security, but everyone who was around when he was president held him in high esteem. My grandparents, and their friends, who were all staunch anti-union republicans, bragged him up to no end for the CCC programs. Being that there is no light at the end of this economic tunnel, when the service industry collapses and there is no place left to tell folks to go be a slave, there is still a future for CCC camps. But we are not there yet. Welfare is a completely different beast that encourages fiscal irresponsibility, at the top and the bottom.

 

Why not tax the rich?

Properly.

Now, there's an idea.

 

It's purely mathematical and logically driven. The only group that doesn't understand it for some reason is the Tea Party. I don't think the Tea Party even uses economists to make their decisions. But it is really simple why we are in a recession and mathematically how we need to get out of it.

 

cut spending to get the debt under control.cut taxes to stimulate the economy.vote the libbs out of congress and the white house and abolish economic killers like cap and trade,obama care,ect...drill baby drill to lower fuel prices and cost of living while at the same time research alternative fules to become energy independent.

 

Democratize the economy, make it participatory and ignore the (*)(*)(*)(*)ing markets, it is the great corporations and banks.

And give to the workers the control of that corporations that menace of externalizing their services.

With the methods used now we only will go deeper in the crisis. There isn't solution with the today methods. We need to change it radically. If we don't change this, this crisis will be definitive. We are going to a much worse situation. And the solution is going deeper in the questions that took us to this crisis, free market. LOL. We are doomed if we follow this way.

 

The economists have done so well in EVERY nation so far, right? The problem is hardly simple, whether you are talking the loss of tax revenue from free trade, the loss of tax revenue from outsourcing, the end of the benefits of fiat currency, the lack of of large threatening conventional wars which supplied tons of good jobs in their own right, every American system outdated from education to corrections, and of course, a financial, public, and business sector who are delusional in thinking anything will get better by keeping their status quo. Fact is, even if the top were just treading water nothing would change, as the water they tread is gorgeous. The fact that they are doing better then ever, while the rest scream, guarantees nothing will change without revolution. We all know the saying, "can't teach an old dog new tricks". You can't have a war without money. The people need to convince those who are loosing money from the lack of protectionism, small business owners to the military industrial complex, that the time is now. You know the American worker has been ready for at least a decade.

 

Go back to the barter system!!!that way unproductive libbs can starve to death

 

No, it is literally simple math that economists do in fact understand because once again, it is simple math. This is the only problem we are facing right now. People feel poorer, have less money than they thought, and are spending less money. There is no other underlying cause to it. It is the simple fact that the country lost over a quarter of it's net worth (almost $20 trillion) in the span of a year. That is Great Depression numbers.

 

You act as if people are hoarding it. THERE IS NO MONEY. Those who are lucky enough to have jobs aren't making enough to spend money on frivolous expenditures. America can no longer be the piggy bank for the world's elite to raid. I would rather we fight now than wait. The longer we wait, the harder to bounce back it will be. The top are making record gains and they write legislation. Nothing will change without blood. Economists are on their payroll. I'll admit, we are in a scary day and age when in order for one to receive proper education they must indoctrinate themselves into the thinking that lead us into this mess. This is what happens when you mix politics with higher education, but that is where we are at. There will be no globalized world, and the nations that pick up on that fact and saves themselves the quickest will come out smelling like roses.

 

Yes we are going to dark ages. Absolutely agree with you that top are making record gains.

For example we just have to look in the "democracy" of USA, have you seen any worker governing? Only rich govern. And it is a problem.

 

Money doesn't disappear. Wealth disappears. The only thing that causes a recession is people spend less money. That's all that there is to it. The economy can be simply explained by very simple mathematics.

M1 Money Stock = Qty of Money * Velocity

When people save more money the velocity goes down, and therefore the conventional wisdom is that you can increase the quantity of money to offset the decrease in Velocity. Well, that is what mathematics says, according to the Tea Party, reducing the quantity of money along with velocity somehow creates economic growth.

 

No one is saving money. The only people who have money are the top. The rest are working just to scrape by and show up to work tomorrow. If you want the majority of the public to have money to spend again, which I agree is the problem, then you (*)(*)(*)(*) sure better support protectionism and join the fight to end free trade/outsourcing.

 

Lol, that chart is telling you that people are saving money. Like I said, money doesn't disappear. It is either being spent or being saved.

And no I do not support protectionism. I support direct Govt spending. Hire the unemployed, put them to work, build bridges, high speed railroads, alternative energies, etc. There is no reason to let our human capital go to waste. This is why Japan can run 200% debt to GDP's because they save tons of money. The more we save the more the Govt has to spend in order to maintain economic growth. The more we spend the less the Govt has to spend.

It is an inverse relationship... to target the quantity of money that is necessary to complete the amount of transactions that would result in the right amount of economic growth.

 

The government has no money. Not because they are in debt, for the simple fact governments are made up of other people's money. There is no "government money". There is only tax payers money, and the tax payers are broke. I'm sure the 30 million left who have managed to hold on to a decent career are saving more, the reason, THEY are afraid their jobs will be the next ones outsourced. By saying you support free trade, you have said nothing more than you are an enemy of the United States of America. Nothing more.