What we will replace Iraq war with? (Keynesianism)

Quote from EMRGLOBAL:

next war is on capitlism.

Socialism is the "Enemy".

OBAMA has come out and delayed the assult on Capitlism, as he stated that he may not be able to follow through on promises he made.

However, he and the Socialist party in Congress are gearing up for the first wave of attacks. Going Green, with heavy taxes on cars, road tolls, OR is leading the way with tracking miles driven. New Energy pick, she is part of the Global Sociaist movement, on the Radical Green effort world wide.

Second assult will come in the way of Massive Reform to the "Stock Market", with more regulations on top of current regulations that have yet to work.

Third and final assult will be on 'Freedom'. The collective good will try and determin what is good or bad for citizen.
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I don't think anyone who says the next war is on Capitalism is to be taken seriously.
 
Quote from EMRGLOBAL:

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Universal Health care will cause your taxes to rise. Takes more money out of your pocket, from your hard work in the name of the "Collective Good".

Why do all those Doctors from all those "Universal Health Care" countries try and come to the US to practice med?.............
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EMR, i am puzzled. You say "Universal Health care will cause your taxes to rise."

That seems obvious, but we already have the highest cost health care in the world, higher than all the nations with Universal Health care. So, even though taxes would go up, wouldn't the total cost of health care, taxes included, go down if we were more like other countries, or am i missing something?

I suppose the answer to the question of why doctors want to come to the US to practice is that they will make more money. That also seems fairly obvious.

In any case, the days of the de facto, government sponsored American medical cartel are limited. The fraction of US GDP consumed by medical costs can not increase beyond 100%, because then there would be nothing left for defense contractors.

:D :D
 
Right now economists are referring to how we got out of the Great Depression. I believe it is common knowledge that the new deal did not get us out, but the entrance to wwII did.

A new war?

So by increasing government spending (hello Keynes) we "should" be able to get out of this slow down just like during WW2 right?

Well we can't fight a war where the same % of men will be drawn out of the economy via draft+volunteering for the military. I think it was 11 million back then but don't quote me.

Times are different now because the problems are not the same.

Currently we have a A&W problem with the relationship between banks and would be lenders. Combine that with banks hoarding cash to offset their toxic assets and increased lending standards we have a major freeze up.

Stimulus? No chance that will help, people will not spend it. They will use a stimulus to pay off debt or save.
So i'm not seeing inflation anytime in the short term.

Bottom line: Solve the A&W problem and we'll get this ball rolling.

A&W= Able and Willing
 
Quote from TraderJoe08:

Right now economists are referring to how we got out of the Great Depression. I believe it is common knowledge that the new deal did not get us out, but the entrance to wwII did.
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The interesting---and worrying---thing about this is that the evidence would seem to suggest that fiscal spending on the war effort did not pull the US economy out of the Depression as much as the demand created from abroad for the US's exports. If fiscal spending wasn't the real answer but instead foreign demand then the analogy to the WWII answer to the Great Depression might not be applicable to the current situation or at the very least suggests another solution.
 
Quote from Capablanca:

The interesting---and worrying---thing about this is that the evidence would seem to suggest that fiscal spending on the war effort did not pull the US economy out of the Depression as much as the demand created from abroad for the US's exports. If fiscal spending wasn't the real answer but instead foreign demand then the analogy to the WWII answer to the Great Depression might not be applicable to the current situation or at the very least suggests another solution.
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Exactly, and when you really do think about these implications its very worrying.

What are we capable of producing that the world will increase their demand for? Thereby allowing us to create jobs and pull ourselves out of this recession/depression without deficit spending.
 
Quote from EMRGLOBAL:

no offense college trader but It does not surprise me that you feel that way. I think I was one of the few who was able to attended a Private University ,where Socailism was not pushed and capitlism was a positive thing. 90% of the Universities now have a serious agenda and it is not education.

Universal Health care will cause your taxes to rise. Takes more money out of your pocket, from your hard work in the name of the "Collective Good".

Second, what governmental orginization, fund (SSN, Wealfair, Medcare, etc) has ever worked proper? When the government gets involved, that is a very dangerous situation. Hell, even the SEC could not catch Madoff.

Third, we had a 27% increase in our Health Care cost last year. I work for a private, Private Equity Firm. We still posted record profits with that 27% increase. So, while it does "effect" the bottom line, a healthy company will still make profit.

Fourth, why would one study 8 years, pay outrages malpracte insurance when their salary will cap, under Socailism. What would happen to Medschools? Why do all those Doctors from all those "Universal Health Care" countries try and come to the US to practice med?

Universal Health Care is a very bad and dangerous idea.

I am for some Reform with the Insurance agencies. Why should I pay for a High Risk profile. Let the High Risk pay 5X the rate then the rest of those who are healthy. Maybe then , being "FAT" will not be accepted as it is now adays, unless it is a medical condition.
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That is the crux of the issue.. whether or not we all pay for something (unfair or not) in order for our companies to compete on a fair field globally.

For UHC, there would need to be MAJOR tax restructuring, because we shouldn't be paying 40%+ for taxes in a 'capitalist' country. But that's another can of worms...
 
Quote from CollegeTrader33:

I really think some folks are a little extreme on some of these policies...

If most countries in the world have government-funded health care, and the US doesn't, isn't the burden for paying for the health care placed on US companies?

Doesn't this kill potential profit margins, ultimately making US companies less competitive?

Doesn't this hurt us competitively in an expanding global economy?

Am I taking crazy pills here or what?
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It's called mis-allocation of resources CT. Get in some more econ classes if you can. Preferably not at a gov. institution.

-burn8
 
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