the economy and debt-Repubes and Demos are equally stupid

[markabilly]

I can not beleive the stupidity of the last few weeks.

Repubes want to lower taxes and cut spending, go back to the 2004 debt ceiling (you know the amount of the debt that was lowered while bill clinton was in the white house)--bad to do when times are bad.

Demos want to raise taxes and debt ceiling

meanwhile we are over-loading ourselves with debt.

Yet none understand that job growth here is largely a myth, because the jobs lost, are not actually lost, they are going over seas, and now even the finanical jobs, the accounting jobs, health insurance claims jobs and all the rest, are going overseas via compuyer networking.

Our biggest export, is selling or transferring jobs to overseas markets (which is not really an export, just a joke), along with selling treasury notes to folks like to china.....

[schmenke]

Sigh... this old nugget.

Supply and demand mkbilly... even that lovely woodchucker lass of yours would understand.

The U.S. are the world's largest consumers of goods. They demand their plasma t.v.'s and they demand them cheap.
The Chinese have both the production capacitiy and non-unionized labour rates to supply that demand.


The U.S. is not selling treasury notes to China. They are floating them on the open market for anyone to buy.
If measures are not taken soon to keep the national debt in check those treasury notes will loose their market value and the U.S. economy will really be up a creek full of excrement.

[harvick#1]

One of the major problems and downfall is too much government. Being a politic was never intended to be a career, but theae congressmen/women have allowed it to happen. They are off in their own little worlds maling over 100k with free healthcare and a pension, something the repubs are all for giving away to from the middle class. Both sides lost sense of reality and need a swift kick in the ass

[Bob Riebe]

One of the major problems and downfall is too much government. Being a politic was never intended to be a career, but theae congressmen/women have allowed it to happen. They are off in their own little worlds maling over 100k with free healthcare and a pension, something the repubs are all for giving away to from the middle class. Both sides lost sense of reality and need a swift kick in the ass

The Republicans, main failing, is they are cowards whose main concern is staying in office, even if it means kissing Jack-asses buttocks.

They are taking nothing from the middle class, if you are paying attention Obama is giving all sorts of people, who help elect him, waiver from having to be forced into the Obamacare scam.

The elected officials make the rules that govern them, and till more T.E.A. party types get in, that do not drop their pants and squat when Washington insiders say crap, beyond Greek type violence we are screwed.
The supposed put-upon middle class elects these hustlers because they think they are getting freebies, when all they get are bills that pay for Washington insiders freebies.
As bad as the elected officials are, it is the ones who are not elected, never get fired and stay there regardless of who the president it that are the cancer that is growing.

[Roamy]

Hopefully a third party emerges and we throw all of these fags out of office. the lowest approval rate in our history as of today.

[Rollo]

Yet none understand that job growth here is largely a myth, because the jobs lost, are not actually lost, they are going over seas, and now even the financial jobs, the accounting jobs, health insurance claims jobs and all the rest, are going overseas via computer networking.

Our biggest export, is selling or transferring jobs to overseas markets (which is not really an export, just a joke), along with selling treasury notes to folks like to china.....

Forgive me if I'm wrong but Wages & Salaries (which are the expense of what we like to call "Jobs") are subject to the forces of Supply and Demand like any other commodity.

China by virtue of having a population which is 4 and a bit times larger than the United States has a Supply Curve for labour shifted greatly to the right of the United States; because of this, the point at which Demand and Supply curves cross should give you a lower price for labour.
China has an Absolute Advantage when it comes to the factor of labour.

Firms as a result of wanting to lower costs will naturally want to relocate where those costs are less. China which has lower labor costs is obviously as a result of a decisions firms make.

You can't blame companies for wanting to be profitable. That is their point, is it not?

[markabilly]

Forgive me if I'm wrong but Wages & Salaries (which are the expense of what we like to call "Jobs") are subject to the forces of Supply and Demand like any other commodity.

China by virtue of having a population which is 4 and a bit times larger than the United States has a Supply Curve for labour shifted greatly to the right of the United States; because of this, the point at which Demand and Supply curves cross should give you a lower price for labour.
China has an Absolute Advantage when it comes to the factor of labour.

Firms as a result of wanting to lower costs will naturally want to relocate where those costs are less. China which has lower labor costs is obviously as a result of a decisions firms make.

You can't blame companies for wanting to be profitable. That is their point, is it not?

That was NOT my point. Regardless of why, the fact is that this is what is happenning.

And that fact is being ignored, completely ignored, in all this discussion about spending and debt ceiling, and the health of the american econmy.

And there is no discussion about how to address this particular problem



As for the teabaggers party, it goes from dum to dumber. What those tea party and republicans want to forget, is that under LBJ, taxes went up, the revenues exceeded debt, and unempoyment dropped. Under Clinton and the Demos, in Clinton's final years, the national debt was being reduced. Bush and 911 put a stop to that.
Fact. Like it or not.

Under the Republicans begining with Nixon, the debt has always gone up, up and up. Fact, like it or not.

If the chinese were not busy buying american debt using the profits from thier sales to this country, far more of you would be unemployed



So, it really does not matter about the debt ceiling going up or down, and cutting spending, or increasing spending to "stimulate the economy". The job drain contiunes, and until that is fixed, none of the other ultimately matters.

Rome burns while the politicans fiddle.................................

[Bob Riebe]

Under Clinton and the Demos, in Clinton's final years, the national debt was being reduced. Bush and 911 put a stop to that.
Fact. Like it or not.

.

vkKFact, like it or not, Clinton merely signed a Republican budget bill, they controlled the House and Senate, starting in '94.
Get your facts straight.

Obama was elected with Democratic control of the house and senate and has NEVER yet even signed a budget.
The only president to ever have not done so, which I believe, but am not sure, is against one of the worthless congressional laws or something similar.

It was Republicans imitating Democrats, especially while Rino Bush was president, that brought about the T.E.A. party concern and anyone trashing that is ignoring facts or simply trying to play both ends against the middle.
Of course that is how the Rinos survived till voters started to pull their heads out of their rectums.

[Rollo]

So, it really does not matter about the debt ceiling going up or down, and cutting spending, or increasing spending to "stimulate the economy". The job drain contiunes, and until that is fixed, none of the other ultimately matters.

The "job drain" is ultimately cause by firms relocating production to places where labour is cheaper and thus maximising profits.
I suppose that the United States could try and compete with China on a wages basis but that would mean that the wage levels in the United States would have to drop, and I don't think that something which most people would enjoy.

The other option would be to do what Germany and Italy do and produce goods at a higher price point and at a better quality. I do wonder though whether firms in setting up production plants wouldn't just produce a better quality of goods in places like Vietnam and Laos where labour and ground-rents are cheaper anyway.

As for government debt issues, even if the United States were to cut government spending to ZERO, you'd still need to collect enough in taxes to fund existing debt and interest responsibilities.
At less than 15% of GDP, tax receipts for the US Federal Govt were the lowest they'd been as a percentage since 1962.
Assuming the 2008 level of taxation before the GFC and Government Spending of ZERO it would still take until 2018 to eliminate Government debt.

[markabilly]

vkKFact, like it or not, Clinton merely signed a Republican budget bill, they controlled the House and Senate, starting in '94.
Get your facts straight.


It was Republicans imitating Democrats, especially while Rino Bush was president, that brought about the T.E.A. party concern and anyone trashing that is ignoring facts or simply trying to play both ends against the middle.
Of course that is how the Rinos survived till voters started to pull their heads out of their rectums.

The dems controlled both senate and the house through clinton's first term. Get your facts straight.


then your rino showed up and spent like crazy.................so much for clinton's success in balaning the budget, indeed in producing a surplus.

Ain't no fan of Billy clinton, but i got to admit.......

then the teabagger party shows up,
and yep, some folks start pulling their heads out and sticking them up the rectum of the teabagger party.

I Love their rhetoric, but bottom line is the average teabagger is even more clueless