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J. D.
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re: 15 sobering predictions, cures for economy
J. D.   10/28/2009 7:21:45 PM
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1). Stop Job Loss would probably be easier than always making new R. & D. Jobs. Why Washington D.C. still has Corporate Tax Breaks for Companies that ship jobs overseas and why Congress keeps voting down any change to those policies (How is this Good for America ???) Good for Globalization - Agreed and we see how that's going but do a basic time derivative ... 5 years, 10 years, etc. etc. ... i'd still like a basic explaination of how shipping all the jobs overseas is Good for America??? ... 2). More Visa's ... what ??? ... America can find enough American Workers ??? Even a visa workers ... needs-some-training when they walk in the door (why is it ... American Workers are not suppose to and never get even basic explainations (training) at The Company ???) (Thanks to Corporatt & H.R. "policies") 3). Let's say i work the same hours as same China Worker ... and then i try & sell U.S. product ... i'll bet that China Product is still lower to purchase (wonder why that is ???)... oh ... American Workers should work 40-50% more to make up the difference ... doesn't sound like a level-businees field to me !!! 4). More Taxpayer Money for R. & D. ... let's invent a new widget ... wonder where This New Widget paid for by U.S. Taxpayer Dollars will be manufactured (see 3). 5). U.S. Trade Policies ... i know totally open markets and in theory and at Harvard ... that works great ... Make U.S. Trade Policies SAME as Countries U.S. trading with on a case-by-case and product-by-product basis (U.S. unfair ... i know (yea ... right!)... (what's wrong with this picture?)

mark.lapedus
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re: 15 sobering predictions, cures for economy
mark.lapedus   10/28/2009 5:04:29 PM
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Hi out there. I'm curious. What are the cures for this economy?

Ravi288
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re: 15 sobering predictions, cures for economy
Ravi288   10/28/2009 5:39:13 AM
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Ravishankar, Consultant. There are some key take aways that could be learned from developed economies and their capitalist principles. If we look at the problems faced by common man, I am referring to major cluster of Maslow's pyramid for whom security and sustainability to lead a simple life in peace is high priority, GREED supported by capitalist fundas need to be re-looked by people in power and those having wealth beyond needs. Some Ideologies fundamentally are skewed and morals are missing in our LEADERSHIP, whether it is Politics, Corporate world, Academics etc.. We need to honour common man's needs first and think about standard of living etc etc later in the current kind of situation. People in developed world may not be aware of impact on developing economies due to loss of export market, how many people have lost jobs which is their daily bread and in some places there are no government support for these people. Global Leaders have a lot to play in this situation leaving apart their self centred approaches. A Lesson to learn induced from higher powers so that we as HUMANS reflect for a better co-existence in peace and harmony. one can never be happy when his neighbour is in pain. We need to get united in this effort and first of all learn living in Simplicity and groom our children and re-define success to them as gaining health and wisdom rather than knowledge that helps to create more digital divide.

DesignerSteve
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re: 15 sobering predictions, cures for economy
DesignerSteve   10/27/2009 3:52:25 PM
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The free market will correct itself. The high union wages and exportation of jobs will be corrected by the high unemployment. People will eventually realize their old jobs and pay will not be coming back and they will accept jobs for lower pay. The lower pay jobs will make US manufacturing more competitive against the overseas shops, leading to more work remaining here. Healthcare costs are right where they should be because people are willing to pay these costs. Let them. If costs get so high that people chose not to treat, the reduced demand will allow prices to stablize. (No, I'm not being cold. I have and continue to choose not to treat my own ailments.) Renewable energy will only gain a foothold if it becomes more economical than its alternatives. That will happen naturally with increased demand on oil as the economy improves worldwide. Interest rates on bank deposits are right where market forces have put them. Don't mess with it. If banks have a surplus of cash, they will lower rates accordingly. Ideally, labor markets worldwide would be unrestricted. Yes, it would drive my own marketability down, but I have to live by my principles. Agendas should not be financed with tax credits. If US companies can not see the long term benefits of R&D, they should fail. The companies that make the best choices will be rewarded with market share.

WirelessBill
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re: 15 sobering predictions, cures for economy
WirelessBill   10/26/2009 9:43:18 PM
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Well, how about incentives for bringing some production back to USA from Asia? At least for the lower volume, higher value, quicker turn stuff.

Eagle Driver
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re: 15 sobering predictions, cures for economy
Eagle Driver   10/26/2009 9:14:27 PM
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Incredible, this sounds like it came from the Obama press manual. The last thing we need is more debt from a health care debacle. What we really need is a new industry based on green materials and technologies like green cars and houses. This would jump start manufacturing and help to eliminate the toxic pollutants we are burning everyday in record quantities. We also need to start buying American made products while their still is an America.

schuncher
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re: 15 sobering predictions, cures for economy
schuncher   10/24/2009 4:43:59 PM
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By pursuing a weak-currency policy, China is siphoning some of that inadequate demand away from other nations, which is hurting growth almost everywhere. - Paul Krugman http://www.nytimes.com/2009/10/23/opinion/23krugman.html?_r=1

CTHP
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re: 15 sobering predictions, cures for economy
CTHP   10/23/2009 3:59:48 PM
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Step 6. Tax reform. That's the last thing we need. If ever there was a definition of 'Forest for the Trees' then this is it. With over 16,000+ changes to the existing tax code in just the last 25 or so years, it's easy to see that taxation is broken too. Better to switch to FairTax (H.R. 25) so that US companies have a financial reason to keep US citizens employed, eliminates corporate and payroll taxes thus reducing the labor cost component, and put control of US affairs back to the people; a government of the People, by the People and for the People.

Hephaestus
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re: 15 sobering predictions, cures for economy
Hephaestus   10/23/2009 3:06:13 PM
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Defense spending can not compare to the total expenditures by the federal government in social entitlements. At least some (although less and less recently) of the money that goes into defense spending is used for R&D and subsidizing domestic technology companies. Also, providing for the common defense (as opposed to the more vague, "...promote the general welfare...") is one of the tasks the federal government is explicitly required to do by the constitution. In contrast, social entitlements (as we learned with the, "Great Society", in 1965) only serves to demoralize otherwise potentially productive citizens (not to mention are also prone to fraud) and divert large quantities of capital from productive uses (i.e. developing new technologies, building infrastructure, creating jobs, etc.).

flemingo
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re: 15 sobering predictions, cures for economy
flemingo   10/23/2009 5:19:56 AM
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The most important CURE: Cut the huge defence spending! America can't afford more wars!

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