Tell me...What would YOU do about this economic mess?

I'm not an employer. I don't like foreigners unless they are Chinese or Vietnamese, like the members of my family.

What you should do is develop marketable skills that people will pay for any where in the world. Be prepared to travel and live in other lands.

More importantly, do better for your children than your parents did for you.

 

OHHHH so THIS is why you have a bias against American applicants. I gotcha.

/discussion

 

I can't help it if you don't like Asian Americans. Generally, they out hustle and out compete White youngsters. Why? They have superior educations because education is prioritized in Confucian cultures. Same thing for Dharmic cultures. You are at a disadvantage and can't compete effectively.

There are five stages of grief in the Kubler-Ross model. It starts with denial. The last stage is acceptance. Accept your fate.

 

Kind of stretching it Al. You're just in a sassy mood tonight. 80% of China is rural and still crap in holes in the ground. N.Korea can't be seen at night time from a space shuttle. Asian Americans are still close enough to their hungry family tree that they make (*)(*)(*)(*) sure they succeed. Give them 8 to 10 generations in America, and they will be as lackadaisical as the rest. America should always be a place where people are free to rot. The problem is people on the ground floor, whom are hungry themselves, who have lost the historical stepping stones to sprout a new tree and have it bare fruit.

 

Asian American pull themselves out of poverty in one generation. There are cultural reasons why this is so.

Maybe you are right about what would happen to them in ten generations, but America in its current form doesn't have even one more generation.

 

1) Stack the supreme court and revisit the commerce clause.

2) Summarily dismantle every piece of social democracy legislation since the new deal.

 

There is no need to stack the court and revisit the commerce clause. Obamacare IS the "revisiting of the commerce clause"

The 11th Circuit court of appeals had made it clear now that there is a need by the USSC to finally once and for all define the limits of the Commerce Clause powers because the Government is literally saying that there are no limits to those powers.

 

Asian AMERICANS Al. Asian, AMERICANS. Far more to do with the American part, than the Asian. The proof is in the pudding. If all the products coming out of Vietnam and China were developed and owned by Chinese and Vietnamese companies you might have something. Quite the contrary is true. America is the country made up of money hungry fools, some who have circled the earth to get here. We are a nation made up of all forms of gangsterism. Globalism has allowed the top gangsters to betray all the rest. Maybe this is cause and effect of a culture that revolves around money. Maybe it is a debt to be paid in full with blood. Only time will tell.

 

Other countries also face problems connected with "inferior education," as far as I know.
.

 

Right now interest rates are at historic lows. Even assuming we could solve our debt crisis and not increase our national debt much above 14 Trillion, as interest rates begin to rise again it's going to effect the amount we pay for debt service.

By a lot.

 

1) Raise taxes at least back to pre-Bush levels, just like Warren Buffet says.

2) Get serious about waste and fraud. Kee-rist, the budget for military BANDS is higher than it is for all of the national parks combined. I know military BANDS are essential, but I'm willing to take the hit.

3) Impose a steep tax on the difference in profits between outsourcing to foreign countries and manufacturing here.

4) Slam three or four prominent supply-side economists in the pokey.

 

Sorry, Phoebe Bump, but Bill Clinton does not agree with you!

I should note he has been very critical lately of the failed economic policies of Barack Obama!

Please check this out.

"Fourteen million Americans remain out of work, a waste of our greatest resource. The 42nd president has more than a dozen ideas on how to attack the jobs crisis."

 

You are very mistaken in your conclusions, OldManOnFire.

And here is why.

Our interest rates today are at historic lows.

The problem is if interest rates go up only slightly, the interest expense we pay on the national debt will easily go from 200 billion per year to over $500 billion per year.

We can buy a lot of health care and infrastructure repairs (roads, highways and bridges) for an extra $300 billion per year!

"Now even liberals are trying to put their finger on what is wrong with President Barack Obama. Does he lack leadership abilities or competence? Is he arrogant and out of touch with America? Is he a pleaser first and foremost, rather than someone who cares about getting the job done? Does he not understand how the economy works? “‘Yes, we can!’ has devolved into ‘Hey, we might,’” Maureen Dowd wrote in The New York Times."

Most of us just wish he would stay at his work station long enough to come up with a credible and workable plan to solve our lingering economic problems.



Mr. President, 408,000 more Americas are out of work this week than last week and our core inflation rate has unexpectedly risen to 2.0%. Why are you going on vacation? Please, please stay in Washington and work on our economy!

 

We have had budget deficits for decades so why the worry today?

Why is the USA involved in 3, 4, or 5 wars today?? If Americans continue to support these senseless wars, and in parallel DO NOT require the citizenry to pay for those wars, then DUH...we're going to have deficit spending!!! Stop the stupid (*)(*)(*)(*)ing wars and lots of these fiscal problems will take care of themselves!

It is pure ignorance and politics that we even have these discussions about cutting popular government programs yet at the same time 100% ignore senseless wars that have been dragging on for 10+ years! Ignorant American citizens are addicted, like crack heads, to the military and for whatever barbaric reason can't find any satisfaction in life unless they are destroying something, killing something!

So we have the gung-ho military ignorant people, and we have others who ignore these military actions and by default support them...more ignorance, then we're so stupid we complain about deficit spending...if this action weren't so damaging, it would be laughable at best.

How stupid can we be? If this is the best we can do...if this is the extent of our thinking and problem solving, we really are screwed...

 

Same but I would change our exports/imports too. Put exports back at 60% and imports at 40%.

 

Have you done the calculations to understand how much inflation will be created with your tariffs? How many trade agreements will be violated? How this action will effect US exports?

 

They don't believe in math

 

Maybe when this happens people will finally stop all the senseless and costly wars which have basically bankrupted the nation...

 

Yeah, like Pakistan and Egypt.

 

I think you directed your post to the wrong person. I was talking about the issue of taxation, not our budget deficit, although I agree with you.

 

Yes...I have written here many times that we need to do whatever is necessary to create more exports. If we need to depend on our own consumption to grow the economy then we're in trouble for a long time. And we can't overnight ramp up more exports so we'd better get started figuring out how to do this! Unfortunately we have huge obstacles to overcome in order to become more competitive in the global marketplace and I'm not sure we are up to the challenge?

 

Let me outline a basic proposal that I have created: This is one part of my proposal.

Part I: Military and Veterans Benefits Spending Cuts

1. Cut aspects of military benefits in accordance with troop withdrawal in iraq and Afghanistan, as well as cuts in general.

Subsection I: Cuts to Annuity for Certain Military Surviving Spouses monthly payments - Decrease the amount of monthly annuity to $100 per month instead of $168.47 per month.

Subsection II: Update the qualifications for a Deceased Retired Member as part of the ACMSS - Change the dates for a deceased retired member in accordance with the following wars:

1. Persian Gulf War
2. Iraq War
3. Afghanistan War

Subsection III: Decrease the amount of death gratuity - Decrease the amount of deapth gratuity by $25,000 to $75,000.

Subsection IV: Prevent people from utilizing Thrift Savings Plans (TSP's) for long-term retirement plans. Instead, provide people with more accessible and realistic savings bonds opportunities.

2. Decrease the amount of coverage for Education and Training benefits through the Department of Veterans Affairs- Decrease each level of benefits by 10%-20%.

Part II: Medicare Part D Reform

1. Allow the Federal Government to negoitiate the prices it pays for medication in a way similar to the Department of Veteran Affairs price negoitiation abilities.

Part III: ObamaCare Reform/Defunding and creation of an Infrastructure and Stimulus Bank

Option 1: Defund IPAB and simplify the bureaucracy of ObamaCare. Utilize money saved to be put into an infrastructure and stimulus bank for a future stimulus.

Option 2: Defund ObamaCare in a responsible and appropriate fashion in accordance with Federal Government suggested stated referendums for voting on state universal healthcare systems. Utilize the money saved to put into an infrastructure and stimulus bank for a future stimulus.