If demand does not exist, they wont hire.

[MarketMasher]

Quote from WS_MJH:

...because the wealthy are better at allocating capital than the government. They either spend it themselves or use it for investments that spur growth.

This is true, but as a generalization, because money is agnostic.

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
– Napoleon Bonaparte

Now, he may have been a little tyrant, but that doesn't mean what he said isn't true....

So if getting the best return means moving jobs to Communist China (they're still Communist, aren't they?) at the expense of the US, then that is one definition of "best" I suppose.

But there are arguably other definitions...

 

[failed_trad3r]

Quote from seneca_roman:

A shortage of skilled workers is hurting:

"A May survey by staffing firm Manpower Inc. found Cox's situation is not unusual: 52 percent of American companies surveyed said they had difficulty finding people qualified enough to work mission-critical jobs — an all-time survey high. Companies reported that skilled trade, sales representative and engineering positions were the most challenging jobs to fill.

Read more: http://www.mysanantonio.com/news/lo...eaare-goingunfilled-1463362.php#ixzz1RzkyD1Lv

IOW=those on the dole need to get off their asses and learn how to weld or get a skill in any of the many fields where there is a shortage.

Seneca

somebody fell for the propaganda of the military-industrial complex

Hook, Line, Sinker.

 

[WS_MJH]

Quote from MarketMasher:

[/B]

Excellent point. Capitalism is ruthless. The problem is America is not hungry anyone, and is quite entitled and spoiled. They think good jobs will just fall in their laps if they get a college degree, whatever. While US students are drinking and hooking up, their Asian counterparts are working like dogs and unless we get our act together, will own the future.

Moreover, what's scary is that America has only done well in the last 20 years during two major asset bubbles, ie tech and housing/credit. I think we're starting to find out that our economy does not do well without a bubble because now we have to compete with a tougher world, and we're not up to snuff with the heightened competition, compared to pre-80s.

 

[shortie]

Quote from bigarrow:

...
Curious on the people who voted this thread one star, explain the logic if any.

mental patients: 5 stars for threads initiated by members of their ward, 1 star for everybody else.

 

[failed_trad3r]

Quote from WS_MJH:

There are good points here but many miss the point. You will not get consumer spending if people don't have jobs. What tax cuts and better regulations do is make job creation easier. Even with low taxes, job creation is very, very hard because entrepreneurship is hard. I had a business before trading and I have to tell you there's a lot of cr*p you have to go through just to be profitable. It is like the chicken and the egg, but I think we've found out that just dumping money into the system doesn't work as well.

Many don't like tax cuts because it helps the wealthy. True which is good because the wealthy are better at allocating capital than the government. They either spend it themselves or use it for investments that spur growth. There's a reason why the high tax states in the US are contracting while the sun belt is booming. It's been that way for a very long time.

My guess is most wealthy spend the money on investment to rake in even more money. job creation is far from their priority list. Is there any wonder after the bush tax cuts we had a huge housing bubble? Think Trump etc... not all investment is created equal, there is also malinvestment.

 

[failed_trad3r]

Quote from WS_MJH:

Excellent point. Capitalism is ruthless. The problem is America is not hungry anyone, and is quite entitled and spoiled. They think good jobs will just fall in their laps if they get a college degree, whatever. While US students are drinking and hooking up, their Asian counterparts are working like dogs and unless we get our act together, will own the future.

Moreover, what's scary is that America has only done well in the last 20 years during two major asset bubbles, ie tech and housing/credit. I think we're starting to find out that our economy does not do well without a bubble because now we have to compete with a tougher world, and we're not up to snuff with the heightened competition, compared to pre-80s.

I love how America is probably the best brand in the world for a capitalistic country, yet it advertises itself as needy. Giving tax breaks etc, when it should be the company paying more tax on purpose, because it's the freaking USA.

It's like coca cola selling coke for $0,10 a pop instead of $2.

 

[burn8]

Corporations have no interest in locating themselves in low-tax locations? Corporations that build, hire people, bring demand for local goods and services...

-burn8

 

[RewriteQuran]

US Visa system/Outsourcing should have been aligned to Caste system in India and Human Rights in China
http://www.rediff.com/business/slid...forced-to-sign-no-suicide-pledge/20110504.htm