Why is the Economy weak in the US?

[slapshot]

Quote from Scataphagos:

Slapshot is an asshole. Doesn't understand a thing at all....which, of course, is why I've had him on ignore for so long.

His anger is justified, but it's completely misdirected.

If I am on ignore, why are you making comments about me, you moron?

 

[pspr]

Quote from Scataphagos:

Slapshot is an asshole. Doesn't understand a thing at all....which, of course, is why I've had him on ignore for so long.

His anger is justified, but it's completely misdirected.

Just read his post. You are right about him. -- Talk about putting people in classes.

 

[risktaker]

Quote from dtan1e:

u only have to examine how much your electricity bill or your groceries has inflated in recent years and u will feel pain instantly

That's nothing compared to what's to come in latter half of this decade.

US is screwed. Too many overweight losers dragging it down. Just go to your local WalMart & check.

 

[adadadog]

Quote from risktaker:

How is the US supposed to be in "good" shape if...

$300 BILLION a YEAR of US peoples' money is going to China?

Yes, it may benefit in the short term to buy stuff 'cheaper', but look at the long term result...

US $ is going into the toilet because people just have to pay for all the 'cheap' imported stuff.

Decent jobs all are disappearing since, well products are no longer made here.

The 'fantasy land' ATM machine of the last decade aka (HELOC) is no longer possible.

US workers are used to getting a 'living' wage and CANNOT yet accept that they will have to work more for less in shittier conditions down the road because they've essentially sold/borrowed the future!

The other countries (besides Europe) are not so stupid. Since they generally can't borrow much, it has limited them in piling up $trillions of dollars in trade deficits for which they could not pay.

Only the US administration idiots think this is something that can continue & the country can somehow get out of.

Sadly, I don't see an end any time soon.

STOP buying imported (especially Asian) stuff. It's destroying your country. China is not a fair trading partner. US's loss is China's gain.

Unfortunately, Obama can't go on TV and say the same otherwise it would be a trade war but that's what needs to happen ASAP. Balanced trade with the rest of the world is the ONLY way to 'fix' the American economy.

Your argument about China is six months late; The latest complaints from EU, Japan, and U.S. is that China's preferential treatment of domestic companies and investment environment for foreign companies are worsening and requesting China to improve foreign investment environment. 60% imports from China to U.S. is from U.S. companies located in China. A screwed up World isn't it?

 

[jagadish]

Solution to US unemployment problem is to break all mega corps into smaller entities e.g. http://en.wikipedia.org/wiki/Bell_System_Divestiture

 

[jem]

the baby bommers - and I am in the last year of the boom. have been selfish jerkoffs. They have mortgaged the future.

SS is an entitlement ponzie scheme. The boomers are going to drain far more out then they ever put in, unless they are stopped.

SS must be means tested. And that is just a start.

 

[Longcat1982]

Then I'll recommend a trade for you..

Short the US
Long the rest of the world, preferably Europe and Asia

 

[brokerboy]

Quote from EMRGLOBAL:

Indian grew 8.8% this quarter.
Russia grew 4.0% this quarter
German unemployment rate is 7.6%


As the rest of the show world shows true signs of rebounding from the crises of 07....The US is heading in the opposite direction.

So why is this? THE IDIOTS IN THE WHITEHOUSE AND IN CONGRESS! THE FEDS and their ass nine ideas and the move towards SOCIALISM.

AUSTRIAN SCHOOL OF ECONOMICS... read it OBAMA!

I don’t think there is a solution to fixing the economy. You have to have pain for awhile and let all the bad wash away. This has been along time coming. My biggest problem with the republicans is they never opened there month when Bush was making the mess bigger. What’s up with that? Our 2010 economy is based on a 1985 world that’s the bottom line. At some point you get to big and I think we are there.

 

[slapshot]

Quote from pspr:

Just read his post. You are right about him. -- Talk about putting people in classes.

Talk about ignoring the blatantly obvious historical facts...

 

[slapshot]

Quote from jem:

the baby bommers - and I am in the last year of the boom. have been selfish jerkoffs. They have mortgaged the future.

SS is an entitlement ponzie scheme. The boomers are going to drain far more out then they ever put in, unless they are stopped.

SS must be means tested. And that is just a start.

Thank you for confirming reality and historical truth. Be careful that all of the bleeding hearts on this site do not drown you.