Quote:
Originally Posted by Istok
I was listening to a liberal radio talk show this morning and some economist claims we are bad off and lists the reasons: home values, foreclosure, jobs lost, dollar value, mortgage meltdown, dollar value, bla bla bla. All the same stuff everyone is complaining about. Now if you bought an overpriced home 1 year ago with nothing down what exactly did you lose? Logically speaking the prices will come down now that there is a greater supply of homes on the market. You lost your home now you will have to save and have a good down payment to buy the next home. What is the problem here, the market is at work. Oh yeah and now you cannot borrow against that house to spend on plasmas, German Ultimate Driving Machines and crap. Too bad.
The lady economist practically admitted that the drop in dollar value is a benefit to the US economy because now we export more. Oh and trips to Europe will be more expensive.
So without sounding rhetorical in my title, tell me what is so wrong with the economy other than we cannot borrow against our homes to buy imported gadgets?
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The key to making the U.S. dollar stronger is to pay down the debt and the deficit; and return to a "Demand-Side Economic Policies. Give the tax breaks to those who make $300K down to 12K. The people in this income brackett will take this extra money and put it back into the economy to stimulate a stagnant economy.
To head off a recession or depression....do the following:
Close all the tax loopholes, tax offshore accounts, and repeal the Reagan-Bush tax cuts. Put the money and tax returns into the hands of the people who will spend on durable and non-durable goods and products and the economy will start to boom. Within six years the economy will really start to stabilize.
Reverse the Reagan and Bush deregulation policies and attach tariffs to all products imported into the U.S. by both U.S. companies overseas and foreign countries as well. After all, every Industrialize country in the world have tariff taxes on imports coming into their country, why can't the U.S. do the same.
Give tax breaks to those companies and manufacturers who will keep their businesses and jobs in the U.S. The next President needs to lead by example and get serious about reducing this country dependency on foreign oil, by putting solar panels on the roof of the W.H., and start a GOVERNMENT PROGRAM OF $100-$300 billion Alternative Fuels Program to reduce our oil consumption by 50 percent in 10 to 15 years.
Increase minimum wage to have the same buying power it had back in 1968!!! For those small business owners who can't afford the minimum wage of $12.00 - $13.00 per hour...they weren't ready nor big enough to hire workers in the first place. They need to work their business themselves and hire more relatives and family members to work their businesses until their businesses grow big enough. After all, its easier to pay family and relatives $5-$7 per hour....b/c its easier to under pay your all FAMILY AND RELATED---work them like Rented Mules for low pay and long hours.
Also, start charging taxes to pay for the so called war on Terror. Hell, call it a "Terror War Tax"!! Let's see how many whinny ass so called patriotic conservatard are willing to pay their fare share of taxes on Bush's War on Terror that support so FUCKING MUCH!
I wonder how the avg. wealthy banker, old money, corporatist, and oil companies would be gung-ho to see their taxes going to help pay for all of Bush's wars?
Thats right, make everyone help pay for the Iraq occupation and the Afghanistan police action, instead of charging it on a charge card, the way the Bush Admin. has done over the last 8 years; only to have our grandchildren pay for it. Imagine the individuals earning $1.0 million to 100's billions annually having to pay taxes to help pay for the Iraq war they so allegedly support

.....Boy, watch that occupation end really fucking quick.
Oh well....can't say it can't be done in a country that has an annual Gross Domestic Product of of $12-$14 Trillion dollars.