The economy in 19 scary facts

Posted by $ blarman 9 years, 5 months ago to Economics
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As if there wasn't enough to worry about with the elections in two weeks...
SOURCE URL: http://freedomoutpost.com/2014/10/19-surprising-facts-messed-state-us-economy/


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  • Posted by RonC 9 years, 5 months ago
    Our Government has been chasing the dream of Progressive Utopia for a century. It is to be found in the same geographic area as the fountain of youth. As long as we export our cash to purchase someone else's goods (value added to resources) we will continue to race toward destruction.

    The first rule is saving a failing business is "Stop doing what you're doing wrong!" I argue the same rule applies to failing Nations.

    I believe most of the disjointed economic problems could be worked out in a long weekend. Much of it comes from Executive Orders, and a "leader" could simply undo those orders.

    Then we could lower the Corp tax rate to the lowest in the industrialized world. This would be metaphorically hanging the "Welcome" sign out for business world wide to bring their capital here.

    A leader, making best decisions for America, could use the force of his office to make the EPA into a "best practice" inspection and permit agency; finding ways to grow safely and cleanly.

    To summarize. If your Utopian model requires less population, smaller incomes, and fewer breakthrough ideas to survive; if population control, rationing, and settling for less is your economic model...then I argue the Utopians have a lousy economic model and need to be sent back to Europe to perfect what they started in the 19 century. It is, after all, a free country. They are free to leave.
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    • Posted by XenokRoy 9 years, 5 months ago
      Removing more than 85k pages of tax code would also do wonders for the economy. That would take a president who demands it from congress.
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      • Posted by RonC 9 years, 5 months ago
        The problem we have in the gulch is a messaging problem. We pretty much agree on small govt, lower taxes, protect the border, deliver the mail, etc. Our message never reaches the young progressive American with that glassy eyed look. They are indoctrinated and our ideas seem like foreign language to them. We need a leader with the charisma of Reagan and the coolness of Clinton to sweep that generation off their feet. This may be where divine providence must step in.
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  • Posted by captparnell 9 years, 5 months ago
    "When you see that trading is done, not by consent, but by compulsion- When you see that in order to produce, you need to obtain permission from men who produce nothing- when you see that money is flowing to those who deal, not in goods, but in favors- when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you- when you see corruption being rewarded and honesty becoming a self-sacrifice- you may know that your society is doomed."
    Francisco D'Anconia
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    • Posted by Genez 9 years, 5 months ago
      Exactly right. I tend to think we are at that point where it must be destroyed and rebuilt. May be too far gone to save at this point. On the other hand my more optimistic side likes to believe that with the right leader, people would "get it" and pull back from the brink... Then I deal with idiots the next morning at work and swing back to the former position...
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  • Posted by $ allosaur 9 years, 5 months ago
    Comrade citizens, blessed are the sheeple who still listen eager to believe each time our glorious golfer moves his rationalizing lips. Hey, the dude even won the Nobel Peace Prize. So be at peace. Get it?
    Be at peace.
    For there is nothing to worry about. Much printed wealth is still at hand to be spread hither and yon and all far and about.
    So let's party! Whee!
    Imagine a flowery field filled with rainbows and butterflies where Uncle Sam dances with a money basket while tossing hot off the press C-notes high into the air. Ah, ha-ha-ha!
    Team Obama has your back.
    Trust the team. Trust the team.

    http://www.usdebtclock.org/
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  • Posted by LionelHutz 9 years, 5 months ago
    Mostly good points. I quibble with these two:

    #8 - California poverty rate. I haven't looked at the "new method", but I suspect they're deliberately trying to reclassify people as poor to expand the reach of the welfare state. If true, there aren't really more poor people, but in an ironic twist only Governments can concoct the "non-poor" Californians all will become poorer picking up the tab for these reclassified people. In other words, the government is creating more of the very problem they are trying to solve by attempting to fix it.

    #13 - Shale Oil. It's hard for me to get teary eyed about market forces driving prices down. Will this potentially cause unemployment in shale oil areas of the economy? Of course - same as any other market sector. It simultaneously means you pay less at the pump. By the way, 5 year charts on oil prices show this might be a good time to invest in the sector!
    http://www.infomine.com/investment/metal...
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  • Posted by Genez 9 years, 5 months ago
    While I know that these are all true and the economy is in a state of meltdown that no politician and very few people will acknowledge, I would quibble with one point. The notion that there are "no jobs" is, I think, a misnomer. In other words, there are jobs out there, but some people don't want to do them. Mike Rowe, of "Somebody's Gotta Do It" and "Dirty Jobs" fame is constantly promoting the fact that are thousands of jobs requiring specific training that employers can't find anyone to do. Lisa Ling had a show recently about the ND oil boom and the opportunities there. The guy referenced who is living with college room mates in FL needs to move somewhere where he can find a job. Granted, many jobs are NOT what people would like to have but they are ones at which they could make a living. When my company closed 5 years ago, I did odd jobs and then found a phone job that paid $15 an hour for something to pay bills. It got me by for several more months until something I wanted came along.. I have seen too many times where those without jobs or who are "underemployed" are themselves playing the victim and not always doing that much to help their own situation. I know there will be those who disagree and say they have tried everything and they may be right... But many have not..
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  • Posted by wiggys 9 years, 5 months ago
    weren't being told the truth from out politicians; when did they ever tell the truth! not only is the economy in the toilet somebody has already flushed it.
    let the printing presses roll.
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