All blaming aside... how would you fix the economy?

D

deleted213967

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Keeping troops in the field increases the cost of the military by several billion dollars PER MONTH.

We are spending billions on replacing equipment, on ordinance, on transportation and logistics.

Pulling them out is NOT firing them.... We still need to maintain a standing army... but the army is currently in a sad depleted state and it needs to be re-organized - go back to the original Powell doctrine.

More importantly- we need to FIRE blackwater mercenaries and get them OFF the public payroll...
If the oil companies want protection... they are profitable enough to hire their own mercenaries ( and make their own deals with Iraqi government)

There is a huge economic difference between the government paying for stuff with tax revenue...
And the government BORROWING money to pay for stuff because they do not raise enough revenue.

The Republican plan is to cut taxes.... and then BORROW more so they can SPEND MORE.
Cutting taxes reduced federal revenue.

Try that in your life...
Take a lower paying job ( less revenu in ) and start spending more than you make on credit ( borrowing to support spending you can't afford )

How long can you do that before the shit hits the fan?
If you're the republicans... 7.5 years.


We HAVE to reduce military expenditures because they are mostly BORROWED money.

The notion that spending is good because it pays american workers is only true if the government is spending revenue.
Borrowing money to pay American workers and soldiers is how we GOT here.

Granted, Blackwater is a no-brainer and the Iraq incursion was, in 20/20 hindsight, a bad idea, but generally-speaking, reducing the GLOBAL military might of the US is also reducing the global might of the US Dollar, without which we wouldn't be able to get away with our massive indebtedness to begin with.




 
D

deleted213967

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How do you figure?

As the GBP retained its might as the world's reserve currency well after its relative decline and in the face of the growing preeminence of the United States after WWI, the might of the USD is not commensurate with our (relatively) diminishing role in the world economy.

One key reason the US dollar, despite our massive trade deficit and national and private debt, is still the world's reserve currency is our military supremacy, not so much the nuke warheads (weapons of last resort) but our conventional military force, deployed across the world. When an international crisis occurs, capital flocks to precious metals and other safe(r) instruments but the currency of choice has been for the past decades the US dollar.

Should China, Russia, not to mention the OECD at large stop using the USD as the reserve currency, we could no longer borrow from them, and certainly not on the same terms.

I am not a hawk, New End, but I don't want to be a hypocrite either and pretend that our global military reach (e.g. bases everywhere) helps our economy today.

 

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This thread is a joke... Blackwater, Halliburton.. so much for 'putting blame aside'. Putting Bush in jail that'll solve it. Should we of put Clinton in jail when the dot.com era went kaboom?

Figured unconstructive and very unqualified rhetoric would come out.

I think OP should of first requested...

- state your economic and/or finance background qualifications.
 
D

deleted213967

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This thread is a joke... Blackwater, Halliburton.. so much for 'putting blame aside'. Putting Bush in jail that'll solve it. Should we of put Clinton in jail when the dot.com era went kaboom?

Figured unconstructive and very unqualified rhetoric would come out.

I think OP should of first requested...

- state your economic and/or finance background qualifications.

What is your proposal then?

A consensus seems to emerge on drilling domestically in the short-term, building nuclear plants in the mid-term and immediate massive R&D investment in alternative sources of energy (trial-and-error will take decades though).

But beside that?



 

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As the GBP retained its might as the world's reserve currency well after its relative decline and in the face of the growing preeminence of the United States after WWI, the might of the USD is not commensurate with our (relatively) diminishing role in the world economy.

One key reason the US dollar, despite our massive trade deficit and national and private debt, is still the world's reserve currency is our military supremacy, not so much the nuke warheads (weapons of last resort) but our conventional military force, deployed across the world. When an international crisis occurs, capital flocks to precious metals and other safe(r) instruments but the currency of choice has been for the past decades the US dollar.

Should China, Russia, not to mention the OECD at large stop using the USD as the reserve currency, we could no longer borrow from them, and certainly not on the same terms.

I am not a hawk, New End, but I don't want to be a hypocrite either and pretend that our global military reach (e.g. bases everywhere) helps our economy today.


While this is true, I still fail to see the correlation between conventional military positioning, and the value of the dollar.
 

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First- re-establish the constitution. The constitution empowers government to REGULATE commerce...

Any congressman who has a problem with government regulation of commerce can go home-- regulation is the JOB the constitution defines for them.

Second - UNDO all Bush era signing statements, the military commissions act and patriot act and Any other irresponsible and treasonous law passed that undermines constitutional law.

UNSEAL Bush's records and start a serious series of investigation into what the hell they were really up to.
Be prepared to INCARCERATE Bush, Cheney or any other government official or corporate crony for treason, for violating their oaths of office, for perjury and anything else they can be pinned with...

The reason?
The republicans did the nation a great disservice when Ford pardoned Nixon.

THis all happened because of a republican "Above the law" mentality- Bush should be pilloried as an abject lesson to future politicians, both republican AND Democrat that you don't get to walk away scot free and rich from abuse of office.


NEXT... get out of Iraq- ASAP... they are not the enemy- let them work out their own internal strife.
This does not mean we abandon our interest in the region... we could be far more effective with cruise missiles than with invasions.
We simply can not sustain this expenditure.


NEXT... we have 4 major problems and they all have the exact same solution.

1- we are hostage to islamic cartels because we need their oil.
2- we are faced with global warming because we Burn so much oil.
3- we have a crumbling infrastructure and and not enough Jobs here in the states.
4- we have no plan for future technological development that can form the basis of our future economy.



ALL four problems can be solved by ONE initiative.
Focus public awareness and government support in a committment to get entirely off oil within a decade.

This means pressuring and encouraging the private sector to make the US the world leader in CLEAN energy solutions.
It means Switching this nation over to new energy sources and a new energy distribution grid employing cutting edge technologies like liquid hydrogen pipelines that do double duty as a new super-conducting electrical grid.


This would pour money into new technologies and into nation wide infrastructure for a new century. No more half measures and stopgaps... A final push to a FINAL energy source, Hydrogen, the only clean burning fuel we can store.

The building of this new infrastructure would be jobs that can not be sent overseas... they would employ regular workers right here...
An expenditure comparable to the interstate highway system, this new energy infrastrucuture would have the SAME effect the interstate had -- it would TRIPLE GNP.


Selling these technologies to other nations will make us into a PRODUCER rather than debtor economy.

ANd solving the oil problem will be the single greatest impact we can make on reducing global warming.

AND- when we don't need oil... and when we can sell an oil free affluence to other nations.... the middle esat will not only cease to be a concern for us...
they will become utterly irrelevant on the world stage.
Let them live in the 7th century if they please... it won't affect us.


All the technologies to begin this are already developed.
It would solve this nations biggest REAL problems.




Oh... and one more thing... in the coming century Biotechnology will make the electronics industry look like chump change.

30% of Americans may want an iPod... but 100% of them want to live longer healthier and happier lives.

For the past 10 years America has allowed its leadership role in biotechnology to slip away because of religious nincompoops making inroads into government.

The FUTURE is entirely about technology. We can not afford to even consider undermining science education with delusional religious claptrap.

IT is critical that we RE_ESTABLISH the separation of church and state and disallow ANY form of religious beliefs to color the pursuit of real data and real theory.

In addition to government strongly supporting clean energy.... it needs to put emphasis on science education and science careers...
and get the religious moralists out of the way of funding raw research.

The boom times of the past 30 years have been the result of raw physics research done in 50 years ago.... which led directly to all modern electronic technology.

We need to be spending money on biotechnology so that we can be in on the ground floor of the next revolution in industry.

Nice, fix a cyclical economy downturn largely in part to the EXPECTED reversal of one of the greatest bull market runs across all markets [that is, and was, real estate], with some bizarre 25-year New Deal like energy program.

Eliminate all congressmen who dare attempt to limit governmental control and oversight.

Stalin couldn't of concocted a better recipe than half the shit in your post Phil. Seriously.
 
D

deleted213967

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While this is true, I still fail to see the correlation between conventional military positioning, and the value of the dollar.

The correlation, simply put, is our ability to borrow with our Monopoly money because somehow our global lenders still think our Monopoly money is good, in great part because we are the only global military power left standing.
 

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The correlation, simply put, is our ability to borrow with our Monopoly money because somehow our global lenders still think our Monopoly money is good, in great part because we are the only global military power left standing.

But we can still be a global power without the conventional placement. A powerful navy and alliances can guarantee us ability to strike within weeks, as was proven in Afghanistan. Any quicker response required, and it would be on the scale of nuclear war anyways, which of course, we have the capability of responding in kind.
 

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The correlation, simply put, is our ability to borrow with our Monopoly money because somehow our global lenders still think our Monopoly money is good, in great part because we are the only global military power left standing.


Ok, here I thought I could count the number of LPSGers to be qualified to even debate this thread on one hand... along comes Domisoldo...

So make that one hand, and one finger.

The rest of ya'll are like someone packing 5 inches talking about the woes of an LPSGer. Or some bloated 250 lb fuck-with-all on his cat-ripped cloth lounge chair with a bag of Doritos and Keystone Light who hasn't touched much less a Nerf football since the 7th grade, who knows better on what Tom Brady should do on 3rd and 8.
 

B_New End

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Ok, here I thought I could count the number of LPSGers to be qualified to even debate this thread on one hand... along comes Domisoldo...

So make that one hand, and one finger.

The rest of ya'll are like someone packing 5 inches talking about the woes of an LPSGer. Or some bloated 250 lb fuck-with-all on his cat-ripped cloth lounge chair with a bag of Doritos and Keystone Light who hasn't touched much less a Nerf football since the 7th grade, who knows better on what Tom Brady should do on 3rd and 8.

You need a better bag of insults.
 
D

deleted213967

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But we can still be a global power without the conventional placement. A powerful navy and alliances can guarantee us ability to strike within weeks, as was proven in Afghanistan. Any quicker response required, and it would be on the scale of nuclear war anyways, which of course, we have the capability of responding in kind.

You seem like a reasonable politician and so am I. Let's table this topic and move on to the other great reasons for economic concern:


  • Medicare
  • Social Security

What is your proposal, Imperator (and I haven't released all the females yet)?

IMO, Medicare is the top budgetary concern and would certainly preoccupy my administration:

My proposal:

- Required preventive services (screening required, automatic drop for patients not following attending physicians' orders, ...).

- No prevention, no insurance. Period. You die? On your dime. Fine with us. Taxpayer money saved.

- Heavy use of highly-qualified (but less expensive) nurses. Work with Academia to foster more advanced nursing degrees and certifications to counter the dwindling primary care physician population.

- Let the junk food business sell all the crap they want in the name of free market principles, but nail the cockroaches on the negative externalities they cause. In essence, treat them exactly like Big Tobacco: sell your poison, pay for the treatment.









 

Phil Ayesho

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Nice, fix a cyclical economy downturn largely in part to the EXPECTED reversal of one of the greatest bull market runs across all markets [that is, and was, real estate], with some bizarre 25-year New Deal like energy program.

Eliminate all congressmen who dare attempt to limit governmental control and oversight.

Stalin couldn't of concocted a better recipe than half the shit in your post Phil. Seriously.

You haven't the slightest idea what you are talking about.


Expected my ass--- not ONE economic advisor saw this shit coming... that is why the stock brokers are all crying..

You are looking at an economic disaster that is directly attributable to DE-REGUALTION of lending.
that is a LACK of government oversight... and hey- if you don't think the government should be regulating commerce- then get the fuck out of the US because in THIS country, the constitution specifies that the government's JOB is to regulate commerce.
We have the FED- its sole function is to regulate the economy. It was created in response to an earlier failure of the government to REGULATE private sector GREED.

Get over it, or get out.


I loathe conservative two faced pissantry... pretending that conservatives try to limit the power of government-

The only power you folks seek to limit is the power of government to impede the flow Money to the already wealthy.
You encourage the concentration of power around money, greed and people who lack scruples.
Other than that, you want a government that tells folks what they can and can't do in their own home, that spies on the citizenry, you want to censor speech and gut the constitution.

And you want to do all that because you are afraid of anything different.

Keep dreaming that this is just normal.... that its NOT the result of republican harebrained economics.
ALL economists who win nobel prizes will tell you that ALL models of free markets result in ALL money in the hands of 3 people.

And where is your "freemarket" ethic now? when the corporations who BOUGHT the de-regulation of their own industry have screwed the entire economy?

They are stadning with their hands out for some good old fashioned welfare money, that's where.

Conservative think their profit should be private and the massive debts they can't pay off should be public.




And your comment about "New Deal"?


how ignorant of history are you?

I referred to the building of the interstate highway program...

That was an EISENHOWER project- he pushed it after seeing what Hitler's Autobahn did for Germany.

It was a HUGE government infrastructure program, It employed tens of thousands over 20 years.

And it TRIPLED the Gross National Product of the US.
IT ENCOURAGED the growth of business and wealth.


And BTW- new deal programs like the Tennessee Valley authority all created vastly more wealth than the money they cost.
It was INVESTMENT in the Structure of a society.... the foundation upon which BUSINESSES are built.


Honestly- in the face of this republican created disaster... economic reforms pushed by republicans going back to Reagan... the rampant croneyism and profiteering... the scams and the cons... 28 billion in CASH just 'vanishing" on a plane...
the exact same result, on a wider scale, as the REPUBLICAN created S&L disaster...


It just amazes me the guys like you can keep shoveling the same shit.

Are you totally incapable of LEARNING from the obvious mistakes of your party?

Totally unable to process the timetable of Bush de-regulating the mortgage industry and the resultant profiteering frenzy of greed and opportunism?

Unable to recognize that, no matter what banks CALL it... debt is NOT "product"?
ITs the opposite... its a DRAFT on FUTURE productivity.

Yeah- you small government types keep it up with creating huge bureaucracies... keep it up with LOWERING taxes while you BORROW more to pay for the revenue shortfall.

Keep it up letting the top 2% - who have 60% of all the money, go tax free-


Yeah... that is working out SO WELL for us all.
 

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You seem like a reasonable politician and so am I. Let's table this topic and move on to the other great reasons for economic concern:


  • Medicare
  • Social Security

What is your proposal, Imperator (and I haven't released all the females yet)?

IMO, Medicare is the top budgetary concern and would certainly preoccupy my administration:

My proposal:

- Required preventive services (screening required, automatic drop for patients not following attending physicians' orders, ...).

- No prevention, no insurance. Period. You die? On your dime. Fine with us. Taxpayer money saved.

- Heavy use of highly-qualified (but less expensive) nurses. Work with Academia to foster more advanced nursing degrees and certifications to counter the dwindling primary care physician population.

- Let the junk food business sell all the crap they want in the name of free market principles, but nail the cockroaches on the negative externalities they cause. In essence, treat them exactly like Big Tobacco: sell your poison, pay for the treatment.


Concur with some of this, allow I don't mind for some squelching of what appears to be turbulent capital markets modulation, so to speak.

I would go with Social Security, as it's not a drain, but since the real estate market was this 500 lb gorilla in the room noone wanted to deal with. I think hole in the hull that will leak the most (if not know) is Social Security.

But we're mixing the public and private sectors here.

The original OP posted on fixing the economy... so let's call the economy for what it is, without "beheading Bush" and black helicopter Phil Ayeesho like blather.

Unemployment. It's about 6.1% now. Since the 50's... 6% is about average. If you think 4% is the norm, you and it is misleading. If you think 6% is the sign of some economy that is need of drastic fixes than you weren't of working age in the 70's, 80's, nor most of the 90's.

GDP? Housing starts/sales [we know how this is, but there isn't and SHOULDN'T be any fix for this... stop requiring banks to foster "home ownership as a right" for one], Quarterly Services, Trade Deficit/Surplus, Retail Trade.


Forking debate the economic levers if you want to discuss "fixing the economy"... not global warming, Halliburton, crooked Wall Street, and so on.
 

curious n str8

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This thread is a joke... Blackwater, Halliburton.. so much for 'putting blame aside'. Putting Bush in jail that'll solve it. Should we of put Clinton in jail when the dot.com era went kaboom?

Figured nonconstructive and very unqualified rhetoric would come out.

I think OP should of first requested...

- state your economic and/or finance background qualifications.​
Faceking I take a lil offence about this thread being a joke I thought it would make an interesting thread.As for blame it was a general statement, and what elected official has a perfect economic or financial background? Btw I'm just trying to clarify things not upset you. Sure their are some nonconstructive ideas but for the most part I'm finding a lot of them feasible. A lot go hand in hand such as better fuel economy, alternative energy and cleaning up the environment. But I don't believe man has caused much towards global warming. This size better for you njqt466?
 

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You seem like a reasonable politician and so am I. Let's table this topic and move on to the other great reasons for economic concern:


  • Medicare
  • Social Security

What is your proposal, Imperator (and I haven't released all the females yet)?

IMO, Medicare is the top budgetary concern and would certainly preoccupy my administration:

My proposal:

- Required preventive services (screening required, automatic drop for patients not following attending physicians' orders, ...).

- No prevention, no insurance. Period. You die? On your dime. Fine with us. Taxpayer money saved.

- Heavy use of highly-qualified (but less expensive) nurses. Work with Academia to foster more advanced nursing degrees and certifications to counter the dwindling primary care physician population.

- Let the junk food business sell all the crap they want in the name of free market principles, but nail the cockroaches on the negative externalities they cause. In essence, treat them exactly like Big Tobacco: sell your poison, pay for the treatment.



Ill have to think about it. I don't even know the difference between medicare and medicaid. My only for sure, is that the money should not be touched. My gut reaction is to have medicare and medicaid moneys invested in a wide range pharmaceutical and medical companies. There is no logic behind it, it just seems fitting.

And Social Security, I have never really had an opinion on it one way or the other.
 

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Expected my ass--- not ONE economic advisor saw this shit coming... that is why the stock brokers are all crying..

Phil, Phil Phil... did you know the market finished up 100 pts this week. A PM (portfolio manager) I know here in SF, just cleared 3.2 million in the last two days, after getting "skined" for 1.6 on Mon/Tues.

Don't think the LPs in the fund are exactly crying.
 

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Honestly- in the face of this republican created disaster... economic reforms pushed by republicans going back to Reagan...

Please continue. You amuse me with the black helicopter like niave content. Sorry to seem berating, but seriously Phil. Can you calculate compounded interest for one?

Your brethren (e.g. the Clintonistas that love to lay claim to how good the economy was when Bubba was in office) sure didn't seem to mind.

Greenspan, after all, was a Reagan appointee.

Wait, I'm playing into your bizarre theories....
 

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Ill have to think about it. I don't even know the difference between medicare and medicaid. My only for sure, is that the money should not be touched. My gut reaction is to have medicare and medicaid moneys invested in a wide range pharmaceutical and medical companies. There is no logic behind it, it just seems fitting.

And Social Security, I have never really had an opinion on it one way or the other.

Social Security has been this empty bucket we've been pouring our checks into, which has been semi-ok up until the EVER closer baby boomer retirement that could hit. Combine that with the possibility of a hum-bug economy over the next _____ (let's say 7-9 years)... and they gonna need their money, and ... we'll it's like having a credit card that you've max'd out, barely make the monthly payments, and then having the bank needing double the payment.

It's a big deal. One that Bush tried to address, whether empty rhetoric or not, and got lambasted for.