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

If you do not overgeneralize and stereotype, why would you claim that one person's post represented everyone on "the left"?

 

There are lots of things built in the USA and this won't change no matter all of your conspiracy theories.

Wal-Mart is a gigantic success story! Many of those people working at Wal-Mart would not have jobs if not for Wal-Mart! They earn lower wages because most of them are lower-skilled and there are tens of millions of lower-skilled workers so wages will remain lower. It's not Wal-Mart's responsibility to provide health insurance...where do you get this idea?

 

Diatribe...diatribe...diatribe...

 

No one said anything about shutting down corporations. Fact is, there is no one who can control them. No tariffs equals the state having no way to enforce ANYTHING in a global day and age. We can't have large firms more powerful than the state. Anyone with a brain would agree. I say these things for the people reading, not because I would think I could change the mind of someone benefiting from the economic destruction.

 

LOL. Why do you pretend to care when you obviously don't? Conspiracy theories? What a joke. Apparently the sky being blue and water being wet is also a conspiracy theory in your book. You would argue the robber barons of the early 20th century were huge success stories as well, I'm sure.

 

Winning...winning...winning...

 

PEOPLE...BUSINESS...GOVERNMENT

It is essential to create and sustain harmony of these three entities!

There must be a win-win-win scenario!

 

I agree. However, large firms are now more powerful than anything. The state was created not to be some social entity, but the referee. Imagine a fight or game where the referee is for sale to the highest bidder. It would hardly be a competition anymore. That is the current state of American "economics". I am simply arguing to put power and integrity back into the referees hands.

 

Can you identify any 'large firm' that you believe 'are now more powerful than anything'?

 

Come on man. We can't fix anything if we deny reality. I'm sick of typing the same ol' crap just to have that thread disappear and start all over with the next one. Do you want America strong again or not?

 

I said this in another thread.......everybody needs to chip in......less entitlements....less military....less infrastructure spending.....and yes higher taxes.....its really not fair to want to put all the burden on just one and not the other....as americans you should all share the pain!

 

Can you feel the 'you must be from Mars' looks you're getting from the cons?

 

but the alternatives are much worse.....the country collapses and nobody has anything!

 

I'm pretty sure bacardi is a con. He is probably one who wants the bottom 50% who control 2.5 percent of the wealth to "pay theirs". LOL. Instead of "pouring out liquor for the dead homies" on the ground, we could have a barrel on each block and rebottle the Old English.

 

Of course I want to see improvements but I'm just responding to your words and I'm curious 'Can you identify any 'large firm' that you believe 'are now more powerful than anything'?

I just don't see this as a problem...

 

too much entitlements encourages laziness...its a proven fact!

 

Too bad our president and Congress don't have the balls to say this to the citizenry...

 

Anyone can look at modern American politics and see the corruption. Who the hell would ever advocate bailing out banks? Do I need to really go on past that one simple, glaringly obvious, point?

 

I want all entitlements gone. The jobless rate would shoot through the roof and free traders would be hung on every corner. I also want the FED gone. People's money might actually go up in value concurrent with the price of goods. However, none of the "intelligent" people seem to agree.

 

This does nothing to change the root problem. Trying to cover the smell of rotted fruit does nothing to solve the problem of having rotted fruit.

 

What do you believe would have happened if some of the banks were not bailed out?

 

Of course it does nothing to solve problems...but it's a starting point to be HONEST with the constituency, stop sugar-coating everything, stop the BS politics, and although a novel idea today...try to unite the country by letting us know we all share a personal responsibility in the good and the bad of the nation...

 

New institutions would have filled the hole. Supply and demand? Sound familiar? They would have bounced back in their own right more than likely. The banks with their eyes on them would have bought out and rebuilt either way. It was all about getting them on the cheap. I really have to explain all this to you? Do you know how capitalism is supposed to work?

 

What would have happened if the banks were not bailed out?
A cascading economic catastrophe that would have made the great depression look like a cakewalk.

Could it have been handled differently? Sure, the government should have just taken over the entire banking system and closed the equity and commodity exchanges until further notice. Depositors would be protected and retail day to day banking functions left to continue. Banks with sound balance sheets would be returned to the owners, those with balance sheet shortfalls would require shareholders to make it up or lose equity as the government made up the shortfall. Banks with recalcitrant shareholders or no hope of fixing their balance sheet would become entirely government owned and the shareholders would get nothing. Executives would be liable for criminal proceedings.
Once the economy recovered these banks, and their assets, could be sold off for a profit.

The Savings and Loan banking crises in the 1980s is a model of government intervention in failing banks. The government ended up with a small profit while protecting depositors money and jailing the malfeasant bank officers for fraud and other charges.

 

well some entitlements are fine....I dont want to see people starving in the streets.....but too much always encourages laziness and the freeloaders that purposely dont want to work!