What can get us out of the unemployment slump?

[Darwin333]

Originally posted by: Special K

Originally posted by: Darwin333

Originally posted by: Pocatello

Originally posted by: spidey07

Originally posted by: blackangst1

Originally posted by: spidey07
First of - stop having the media and the President perpetuate a "this is the worst time in history". All it does is make people horde their money and not spend anything and makes things much worse.

Come on spidey. You and I both know its only the GOP who perpetuates the FEAR FEAR FEAR mantra. If Obama said anything to that effect (which he has) he was misunderstood.

Well I'm serious. If you keep telling people this in commercials, in government position, in reporting what the hell did you think is going to happen?

It will get worse. I am so sick and tired of BB and his ilk (media included) perpetuating this crisis. What will get us out of unemployment slump? Production. What leads to higher production? More consumption/purchasing.

So we borrow or take out our savings to buy stuffs so the Chinese can increase production? Let's go buy a big screen TV! Oh, here's a brand new cellphone!

That is the problem that none of our politicians want to address because it wouldn't be popular. Our entire economy is based upon people spending more than they make (from individuals to government). It can't go on forever... Math always wins in the end.

Is that why we have a target of 3% inflation/year? The government/Fed is encouraging people to spend money instead of save it to keep the economy going?

On a related note, what's the point of inducing 3%/year inflation if people get a corresponding 3% cost of living raise each year? What is the net effect in this situation?

I am not an economist and don't pretend to be one but I would assume that controlled inflation beats the hell out uncontrolled inflation or even worse, deflation. If you are implying that we can inflate our way out of this mess, I really don't see how.The fact remains that 70% of our economy is consumer spending and consumer debt has been rising exponentially which means that a significant percent of the economy is based upon the consumer being able to spend more than they make.

Eventually one of two things must happen. Either the debt has to be paid down or it must be defaulted. Either option means the consumer will have less to spend due to less cash or loss of credit. If consumer credit hasn't hit the wall already it will eventually and the result will be a contraction of our economy. The Government can kick the can down the road for a while but eventually the can gets to heavy and they will only stub their toe. You can't beat math.

 

[JKing106]

Originally posted by: Budmantom
What can get us out of the unemployment slump?


Well if doing it Barry's way increases unemployment than doing the opposite should do the job.

What's your suggestion, Bubba? Move more industry over seas so the rich can "trickle us down" some more of the soooooo much they've already given us? How's that worked out so far, Cletus?

 

[dmcowen674]

Originally posted by: episodic

Are we past the point of no return to prosperity?

What are these 'millions' of people going to do?

Leave

 

[Red Dawn]

Originally posted by: dmcowen674

Originally posted by: episodic

Are we past the point of no return to prosperity?

What are these 'millions' of people going to do?

Leave

Or open up a Bar in Oklahoma..oops.

 

[dmcowen674]

Originally posted by: spidey07
How about business and/or personal tax cuts for using American made products and services?

What American made products and services?

 

[JKing106]

Originally posted by: Red Dawn

Originally posted by: dmcowen674

Originally posted by: episodic

Are we past the point of no return to prosperity?

What are these 'millions' of people going to do?

Leave

Or open up a Bar in Oklahoma..oops.

Start chopping off heads, like the French in the 1790's.

 

[dmcowen674]

Originally posted by: Red Dawn

Originally posted by: dmcowen674

Originally posted by: episodic

Are we past the point of no return to prosperity?

What are these 'millions' of people going to do?

Leave

Or open up a Bar in Oklahoma..oops.

That was a great Republican scam

That's OK, that Karma thing of what goes around came around.

The people inviolved in that have either been run out of town, lost the Sheriff's job, lost 44 year old family business or died.

 

[sapiens74]

Dollar crashing forcing us to bring jobs back

 

[BoberFett]

Originally posted by: JKing106

Originally posted by: Red Dawn

Originally posted by: dmcowen674

Originally posted by: episodic

Are we past the point of no return to prosperity?

What are these 'millions' of people going to do?

Leave

Or open up a Bar in Oklahoma..oops.

Start chopping off heads, like the French in the 1790's.

If we're lucky they'll start with you.

 

[ebaycj]

Originally posted by: RyanPaulShaffer
Clearly the answer is more "stimulus" packages every six months or so.

My package could use some "stimulus". I should probably call Megan Fox.

 

[wwswimming]

how about a Toroid Winding Law.

"every inductive device - other than motors - must use a core with a toroidal geometry, and the windings must be wound by American workers."

it would create lots of jobs, and it would cut down on EMI.